the Swift international payment network is one of the largest financial messaging systems in the world. Transfer Wire can send or receive certain currencies via SWIFT payment.
Generally, if you’re sending money through your bank, then payment for a wire transfer is simply deducted automatically from the account from which the transfer funds are withdrawn.
SWIFT transfer methods:
1- Bank transfer SWIFT WIRE
2- Transfer SWIFT WIRE server
- It is in the form of an international agreement, and the receiving bank must definitely send the final confirmation to the sender and the sending bank.
- In the Server SWIFT wire, the following procedure should be done. Manual downloading is possible by two systems which are “Manual Mir & Mor system” and “Manual aliens 1&2 system”. All codes are entered into the TRN bank by sending MT103 and MT202, and the officer must enter all codes manually and transfer the money from the bank’s common account to the receiver’s account.