Technology

What Is a SWIFT Money Transfer?

Technology

What Is a SWIFT Money Transfer?

A SWIFT money transfer is a type of international wire transfer that is an electronic means of moving money from one country to another. SWIFT money transfers originated in 1974, when seven international banks formed the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Now SWIFT money transfers can be used to send money from practically any country to any other country.

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