International Bank Payments
How to make Transfers and what Service to use
Explaining Banking Transfer Systems
SEPA
SEPA (Single Euro Payments Area) encompasses all 27 EU member states plus Iceland, Liechtenstein, Norway, and Switzerland, as well as Monaco, Andorra, San Marino, and Vatican City. All SEPA payments are for transactions in EUR.
Payments take 1 day max and instant payments are available. Costs are Zero or maximum the same as local transfers.
SWIFT
SWIFT payment is an international money transfer facilitated by the SWIFT network used by 200 Countries.
So this is possible to send from virtually any Country in Northern/Latin America, Asia, Australia, New Zealand, China, Africa to our EU Bank Account.
Sender and the recipient get charged. With standard banks around US $12-15 per party.
Sanctioned Russia still has 200 out of 300 Banks who still use the SWIFT System but Payments with the chinese UnionPay Cards or with Crypto become popular in Russia.
Making Payments
Service*
Information and recommendations
Traditional Bank are expensive but do Transfers reliably but often slow.
You need Name, Account Number, BIC/SWIFT Code, Recipient Address
Select OUR for Fee payment to take over fees so full amount will arrive. App. US $25-30 in fees.
Zoom from PayPal offers Bank Transfers within 15 Minutes for PayPal customers. You can Pay with CreditCard. Transfer fee US $5. Much Cheaper than Banks.
Revolut – SWIFT Transfers for US $3 per Sender
UK based with EU banking license in Lithuania offers free Debit Cards for their online banking services. Their APP, card control, customer service is incredibly good. Transaction time 30 Minutes to 3 Days
49 Countries
Paysend, low fees like US $1.50, wide coverage, medicore customer service.
For customers from CAN, US, MEX, BRA, JPN, AUS, NZL, etc.
30 Countries
XE offers mid market rates and fees are USD $0-$5. Very fast transfers.
30+ Countries
US $3.99 Economy 3-5 Days, Express with extra Fees within 1 hour.
30 Countries
Wise – not recommended from our view.
SWIFT transfers not working with our Bank
*We are not affiliated with any of the listed services. Listing to best of our knowledge.
All product names, logos, and brands are property of their respective owners. Any use of these logos is for identification and descriptive purposes only and does not imply any affiliation with, endorsement by, or sponsorship from the trademark owner.
This use is made in accordance with Article 14 of Directive (EU) 2015/2436 (trademark law) and Article 5 of Directive 2001/29/EC (copyright exceptions).