What is Swift?

Foreign Currency Transfer (SWIFT) is the name of the system used for foreign currency transfer transactions to foreign and domestic banks.

You can perform your foreign currency transfer transactions from bank branches, internet mobile application by selecting "Money Transfers / (SWIFT)".

What is SWIFT Code?

SWIFT code, also known as BIC code, is defined as an international code used for foreign currency transfers. Each bank has its own SWIFT code and you need to know the SWIFT code of the relevant bank in order for the foreign currency transfer transaction to take place. Bank SWIFT codes consist of 11 digits.

How to Make a SWIFT Transaction?

If you do not have a foreign currency account, you should create a foreign currency account with your bank. You can perform your SWIFT transfer transaction via Internet Branch and Mobile Branch by going to the "Money Transfers / (SWIFT)" step. After this step; It will be sufficient to enter the SWIFT (BIC) code information of the bank you will send or the country / bank name city information, recipient information, transfer date. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!

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Russia Proposes Swift Alternative to India Russia has proposed SPFS, an alternative to SWIFT, to India for ruble payments. SPFS is known as the Russian equivalent of the SWIFT financial transfer system developed by the Central Bank of Russia. https://ieconomy.io/rusyadan-hindistana-swift-alternatif-onerisi/