S.W.I.F.T. international system

S.W.I.F.T. (Society for Worldwide Interbank Financial Telecommunications) — international interbank system of data transfer and processing of payments.

S.W.I.F.T. — a cooperative society, based in Belgium, which belong to its members - over 10 thousand participants from 210 countries (as of October 2014). The Head Office of the Cooperative is located in Brussels.

The S.W.I.F.T. system allows transfers in foreign currency to any country of the world for the benefit of individuals and legal entities with or without using a bank account. S.W.I.F.T. money transfers are an ideal instrument of payment for purchases made outside Ukraine, for hotel rooms reservation, for payment of education fees, recreational or medical treatment services, as well as for money transfers for the benefit of relatives of friends. 

S.W.I.F.T. was founded in 1973 by 240 co-founder banks from 15 countries across the world.

S.W.I.F.T. system provides the following types of money transfer:

  • International transfers are made in EUR, USD, RUB, GBP, and in CHF.
  • Transfers from abroad are paid out in EUR, USD, RUB, GBP, and in CHF (with an option of conversion at the moment of collection of the cash from account).
  • Funds are available for pay-out within 5 working days after the transfer.
  • You can transfer money without opening a bank account (under the equivalent of UAH 15,000.00/day); there is no amount limit for transfers from a bank account (subject to the NBU's requirements).

The sender of the transfer must:

  • Visit a Pivdenny Bank branch.
  • Provide his/her passport or another ID, advise recipient’s details (SWIFT-code of the beneficiary bank, name of the beneficiary bank, surname and name or name and address of the recipient, purpose of payment), specify the amount of the transfer.
  • Pay the transfer fees.

To view the list of documents specifying legal grounds for transfers outside Ukraine, refer to link.

The recipient of the transfer must:

  • Visit a Pivdenny Bank branch.
  • Provide his/her passport.
  • Upon verification of the above details, the responsible officer pays out the transfer to the recipient.

For detailed information on exchange rates, use this link.

All money transfer systems

0
1
2
3
4
5

FAQ