Thanks to globalization, distances have been reduced, since the world is interconnected in many ways, and in the financial field this is no exception.
This is where an international bank transfer becomes vitally important, since it helps to send a certain amount of money from an account created in a bank in one country, to another bank account of a financial institution in another country, regardless of whether the transaction is with the same currency or with different currencies.
That's why it doesn't hurt to know the process for receiving an international bank transfer, since we must be aware of this procedure in case we should receive any payment or financial compensation from abroad, regardless of whether it is a company or an individual who carries out this transaction.
What is an international bank transfer?
An international bank transfer It is the transaction with which funds can be sent from one bank account to another, with the exception that the financial institutions involved are in different countries.
Depending on the geographical area and the currency or currency in which the international bank transfer is made, there are two types of this type of transaction: SEPA international transfers and SWIFT international transfers, modalities that we will explain below.
SEPA international transfers
This type of international bank transfer is made between individuals or companies that are within the Single Euro Payments Area (SEPA in English), of which the 27 member countries of the European Union are part, together with Iceland, Monaco, Liechtenstein, Andorra, Switzerland, San Marino, United Kingdom, Norway, Vatican City and Switzerland.
International transfers through the SWIFT system
They are the ones that are made within the framework of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this being a cooperative that belongs to the banking institutions that constitute it on a global scale, to provide security, convenience and transparency to this type of transfer of monetary currencies between the different nations of the world, which, and they are not within the scope of SEPA.
An international bank transfer made through the SWIFT system generally involves an exchange of currency or currency, a condition that affects the cost of the transaction, as well as the time involved in carrying it out, as well as the payment and the cost of commissions.
How to receive an international bank transfer?
The receiver of the money you must provide the transfer issuer with the following information:
- Country where the money will arrive.
- Currency or currency.
- Full name of the recipient of the monetary amount.
- Amount of money that makes up the remittance.
- SWIFT/BIC code from the bank where the money will be received
- Bank account number or THEY WERE GOING.
Many banks offer the alternative of making transfers with their telephone line, their automatic teller machines (for SEPA transfers), or online, provided that the exact information required for this purpose is available.
But with the services of Félix Pago you can make these international bank transfers, so that you can send your money from the United States to Mexico, Honduras or Guatemala via WhatsApp, without having to download an app for this purpose.
How much do you charge per international bank transfer?
This will depend on the amount of money that will be transferred, as well as the cost of the currency exchange commission and the time in which the money is delivered.
But using the services of Felix Pago, The price of the fees for sending money to Mexico from the United States to be deposited in a bank account is 2.99 dollars.
And in the case of sending cash, the service would have a transfer fee of 2.99 dollars, plus 1.99 dollars for cash fee, thus totaling 4.98 dollars.
How to track an international bank transfer?
To track an international bank transfer, it is essential that the issuer of the transaction provide the recipient of the money with the identification number of the money shipment, so that they are aware of the entire transit process of the remittance, until it is available for collection or withdrawal.
Definitely, international bank transfer is a type of financial transaction whose characteristics are very specific, apart from the fact that it involves the payment of commissions for its execution.
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