What is an International Payment?

 

Whether to meet the demands of the international business community, the foreign traveler, or the occasional need of one family member to send money to another, funds transfers are the most widely used international banking product. Money transfers can take the form of electronic transmission, written instruction, or negotiable instruments such as checks. To this extent, international payments can take the same form as domestic payments. It is important, however, to understand the process of international transfers in order to have realistic expectations when sending funds or receiving payments.

 

 

What is an International Payment?

International Wire Transfer

SWIFT MT 103 Basic Format for Wire Transfer

 

List of SWIFT Codes Worldwide

 

 

 

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