SWIFT Definition
SWIFT
DEFINITION
SWIFT is The Society of Worldwide Interbank Financial Telecommunications. Common process and standards for financial transactions. Moving money from one country to another. For banks, brokers and corporations to make SWIFT transfers. Involves two currencies and transfers can take up to a week. Sending money through SWIFT is expensive and not only includes SWIFT fees but individual bank fees.
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Terri J Lee S.
Arizona Member
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