What is SWIFT and how does it work?

A SWIFT transfer, also called an international money transfer , is a secure and standardised method of sending or receiving money from banks anywhere in the world.

How do I find my SWIFT code? You will typically be able to find your SWIFT code on bank statements and on your online or app banking . Most often it will be in the same place as your IBAN number.

SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication , allows banks to relay information about financial transactions to one another.3 Mar 2022

SWIFT is a vast messaging network banks and other financial institutions use to quickly, accurately, and securely send and receive information, such as money transfer instructions .