INTERNATIONAL SWIFT TRANSFERS
SWIFT payments are international transfers used to send money between banks in over 200 countries, through a global network of secure financial messages.
How to make a SWIFT payment through ProCredit Bank
SWIFT/BIC code of the beneficiary’s bank
Beneficiary’s name and address
IBAN / account number (depending on the country)
Supporting documents (depending on the specifics of the transaction)
Payment purpose
Typically 1–3 working days, depending on the destination country and the intermediary banks involved.
SHA – fees are shared between sender and beneficiary
OUR – the sender pays all fees
BEN – the beneficiary pays all fees
FULLPAY – the sender pays a fixed fee, which represents the correspondent bank’s charge for processing the payment in USD. In this case, the full amount is credited to the beneficiary.