Hey bunqers 🌈
As you know, there are different types of bank transfers. One of them is called SWIFT and some of you use it pretty often.
SWIFT payments are international transfers processed via the SWIFT international payment network - unlike regular SEPA payments. This network is one of the largest in the world. Most of these payments are from banks that aren’t within the SEPA (EEA) region. 🌍
How does SWIFT work?
When you expect a SWIFT transfer, it may take up to 5 business days until you receive it. The longer waiting time for this type of payments is due to its specific way of processing - when your funds have to be transferred from a bank outside the EEA banking system, it takes longer for the information to be processed our way. You can learn more about the processing times here 🚀
Keep in mind that in order to receive SWIFT transfers, you need to fully verify your account. If you’re not verified, the payment will bounce back to the sending bank.
What if my SWIFT payment hasn't arrived?
You can always start an in-app payment investigation for a SWIFT transfer which hasn’t arrived to or from your account. Just follow the simple steps here 🕵️
How much do SWIFT payments cost?
Receiving SWIFT payments (up to €10.000)
- Easy Savings (Personal and Business) - not applicable
- Easy Bank, Easy Bank Pro, and Easy Bank Pro XL (Personal and Business) - €5 per payment
Receiving SWIFT payments (between €10.000 and €100.000)
- Easy Savings (Personal and Business) - not applicable
- Easy Bank, Easy Bank Pro, and Easy Bank Pro XL (Personal and Business) - €10 per payment
Receiving Swift payments (above €100.000)
- Easy Savings (Personal and Business) - not applicable
- Easy Bank, Easy Bank Pro, and Easy Bank Pro XL (Personal and Business) - €25 per payment
One time FX payments
You can always rely on our app’s built-in integration to send money in 33 currencies. You can learn all about how it works here!
How do I send a SWIFT payment?
- Go to 🏠 Home
- Click on Pay
- Select your currency by tapping on Choose Currency
- Currency not there? Tap on Currency not listed? Use Wise! on the bottom
- Select the currency
- Enter the amount
- Tap on "Next"
- Choose recipient
- Tap on "Send Payment"
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