What is SWIFT and when will I use it?
The Society for Worldwide Interbank Financial telecommunications (SWIFT) can be used to make an electronic payment, of any amount, to almost anywhere in the world. SWIFT is a payment process best used for urgent or high value transactions, as there is no limit on the amount that can be transferred.
A SWIFT transfer normally takes between one to four working days to complete.
Making a SWIFT payment
To make a SWIFT transfer you'll need the:
- Currency you wish the payment to be made in - please check the currency is available
- Beneficiary's name and IBAN (where applicable)
- Beneficiary bank's SWIFT/BIC code
- Name of the beneficiary bank
You will also need to agree to the declaration below:
We may need to disclose limited information to third parties where reasonably necessary. This is for the purposes of the prevention and detection of crime, prosecution of offenders, for the purposes of national security or where required by law. This may mean that the information could be transferred to countries that do not provide the same level of data protection as the UK.
To receive money from overseas, our SWIFT/BIC code is CPBKGB22.