How does International Money Transfer work?

Manoj Ahirwar
ILLUMINATION
Published in
3 min readJun 24, 2023

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Photo by NASA on Unsplash

Have you ever transferred money abroad? If yes, You must have heard about the SWIFT code. SWIFT is not a payment service. It’s simply a secure messaging service used by banks.

SWIFT’s full form is Society for Worldwide Interbank Financial Telecommunications. When we transfer money from one country to another, your bank asks for the recipient’s bank details and the SWIFT code of that bank.

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