A Quick Guide on International Money Transfers
Sending money overseas can raise a number of important questions and issues. Whether you need to transfer money to family members, friends, or for business purposes, the last thing you need to do is waste time wondering how long the money will take to arrive. So, how long does it take to send money internationally? While there is no easy answer, we can give you a general idea of what to expect. Learn everything there is to know about how to exchange currency in India right here. How Does International Money Transfer Work? SWIFT, which represents for Society for Worldwide Interbank Financial Telecommunication, is commonly used for international currency exchange. This network enables banking institutions and NBFCs to safely communicate with one another in a timely and efficient manner. The SWIFT network is used to send wire transfer details between thousands of banks all over the world. Money transfer instructions are being sent from the sender's bank to the recipient's bank an...