SWIFT TRANSFERS IN UKRAINE AND ABROAD
SWIFT is a Society for Worldwide Interbank Financial Telecommunications.
This system allows you to transfer funds from your account to a specific account at another bank.
Advantages of SWIFT transfers:
- favorable rate of money transfer;
- The recipients can be both individuals and corporate clients.
To send a SWIFT payment in foreign currency you will need:
- name of the recipient’s bank;
- SWIFT-code of the recipient’s bank;
- beneficiary's account (or international bank account number - IBAN);
- for an individual - last name, first name, address (residence) of the recipient;
- for a corporate client - name, address (residence) of the recipient;
- description of payment purpose (purpose of payment, invoice number);
- depending on the amount of payment - supporting documents (contracts, agreements, invoices, documents of affinity, etc.). The supporting documents must be legalized in accordance with the procedure established by legislation.
To receive a SWIFT payment in foreign currency you need:
- to inform the sender of your bank account details.
Transfers may be made on non-trade operations and are not applied to transfers related to investment and business activities.
Cost of sending SWIFT-payment:
- USD - 0.2% of the amount (min.30 USD - max.50 USD)*
- EUR - 0,2% of the amount (min.30 EUR- max.50 EUR)*
- RUB - 0,2% of the amount (min.30 USD - max.50 USD)*
- GBP - 0,2% of the amount (min.30 GBP - max.50 GBP)*
*commission is charged at the rate of National Bank of Ukraine on the day of operation execution.
See also: payment details.