SWIFT Payments

SWIFT system is the acronym for the Community for Worldwide Interbank Financial Telecommunications (Society for Worldwide Interbank Financial Telecommunications).

It is an international interbank system of transferring information and payments and was founded in 1973 with main office in Brussels. According to recent reports, its network includes more than 10,000 institutions in 212 countries.

The transfer of funds abroad by SWIFT system is carried out by residents / non-residents individuals without opening a current account / with current account in US dollar, euro and Russian ruble.

List of the documents confirming reasons for transferring from Ukraine for residents / non-residents individuals:

  • agreements (contracts);
  • invoices;
  • payments or letters of entities-non-residents, competent authorities of foreign countries;
  • letters of lawyers or notaries foreign countries;
  • writs, invitations (challenges);
  • Documents confirming kinship;
  • other documents used in international practice.

* Documents that are the source of foreign currency.

To send money by SWIFT transfer system you need:

  • Passport or other identity document (ID code when transferring with the opening of a current account);
  • SWIFT code (SWIFT-code) the beneficiary's bank;
  • account number or IBAN code. (IBAN code is substantially the same bank account in the international format)
  • Recipient name - First and last name, location / residence or company name, its location;
  • Name and location of the beneficiary's bank;
  • Swift code and the name of the correspondent bank.