How To Transfer Money With SWIFT (What Is SWIFT And How SWIFT Payment Works)

How To Transfer Money With SWIFT (What Is SWIFT And How SWIFT Payment Works). In this video tutorial I will show how to transfer money with SWIFT.

In Person
• Visit your nearest bank branch and head over to the Customer Service Help Desk.
• Inform the agent that you would like to make a SWIFT Transaction.
• They will give you a form to complete with the recipient's details, that is;
 Full Name
 Name of the recipient’s bank and branch address.
 Their SWIFT or BIC code
 Recipient's account number
 The amount you wish to transfer
 ABA number
• Once you have completed filling out the form, hand them over to the agent with your payment details.
• The agent will initiate the transfer. Upon successful completion, you will get a notification to this effect.

How long does a SWIFT transfer take?
It might take a few hours or several days depending on your bank.

How much will they charge you for a SWIFT transfer?
It depends on your bank. However, it usually ranges from 2% -5% of the bank’s exchange rate.

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