SWIFT Payment & Instant SEPA Transfer

SWIFT Payment:

• Global Reach: Facilitates international payments across different countries, enabling users to send and receive funds globally.

• Efficiency: Though typically not instant, SWIFT payments are essential for conducting cross-border financial transactions, especially for complex currencies or regions.

• Fees: Generally involves a 1% fee for most transfers, with a higher 2% fee applicable for complex currencies or regions​.

Instant SEPA Transfer:

• Speed: Provides near-instantaneous transfers within the Single Euro Payments Area (SEPA), making it ideal for quick transactions across European countries.

• Cost-Efficiency: Often involves lower transaction fees compared to traditional international transfer methods.

• Integration: Seamlessly integrates with business banking operations, allowing for smooth and immediate fund movements between SEPA-compliant banks