About SWIFT transfer

SWIFT transfers are ideal for high-value or regulated transactions that require end-to-end traceability and compliance with global banking standards. Each transaction is fully trackable, and settlements typically occur within 1–3 business days, depending on the receiving bank and currency.

How it works

• Not a payment system: SWIFT doesn’t move money directly. It sends encrypted messages between banks to initiate and confirm transactions.

• Global reach: Used by over 11,000 financial institutions in more than 200 countries.

• Secure and standardized: Every institution on SWIFT has a unique SWIFT/BIC code, ensuring precise routing of funds.

Example:

When you send a wire transfer from your bank in Singapore to a supplier’s bank in Germany, SWIFT is the secure communication channel that relays the payment instructions between the two banks.