Sending money with SWIFT transfer

2024-08-22

A SWIFT transfer is an international money transfer sent through the SWIFT network, which connects thousands of banks worldwide. This method ensures secure and efficient transactions, making it a popular choice for large or international transfers.

How to send money with SWIFT via Paysend?

- Navigate to 'Transfers' and click Send-> New recipient.
- Select SWIFT wire transfer
- Provide the recipient’s details:
- SWIFT or BIC code;
- Recipient's account type (company or individual)
- IBAN
- Recipient's address
- Purpose of your transfer
- Lastly, select the SWIFT fee option.

Exceptions for SWIFT Transfers
Certain countries have restrictions on sending or receiving SWIFT transfers. If you can't find the SWIFT option when sending money from your country or there is an error when entering the recipient's information, it means that the option is not available.

Receiving Currencies for SWIFT Transfers
The available currencies for receiving SWIFT transfers depend on the recipient’s country. You will see the available currencies when you create the transfer in your Paysend account.