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Home Finance

Safe SWIFT transaction

by Teecycle Editorial Staff
23/11/2021
in Finance
SWIFT transaction
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SWIFT transaction is a global payment that is well-known for its security. When you choose it, there will be no more bank lines or cash troubles for you. Using your online account, you can send the payment or schedule it and save the template for further transfers. Money will be delivered quickly and effectively.

Advantages of Genome SWIFT transaction

SWIFT transaction was created as a kind of a network for banks. In Europe it is used for international money transfers for almost half a century. Nowadays it is available through eWallet in more than 200 countries.

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Open account in Genome to try a SWIFT transaction, which is:

Convenient

SWIFT payments are used globally both by individuals and business. Therefore, you can send money almost everywhere.

Secure

SWIFT transaction is highly secure and transparent, because of the strict requirements of the system for banks. Genome add even more security via its own tools.

You can access SWIFT through your online account. When it is approved, you may start to enjoy the high-quality service.

How to send an international SWIFT transaction in Genome?

Money are exchanged by SWIFT transaction using the Bank Identifier Code or BIC. It consists of 8 or 11 characters and each and every bank has its own number. That is why you’ll need this information to make the desired payment.

How to do your first SWIFT transaction? Open account in Genome and then follow the next steps:

  1. Sign up to the system and create an individual or a business eWallet.
  2. Enter the full name of the receiver of the payment.
  3. Type BIC or SWIFT code.
  4. Fill in number of the account or an IBAN (has 34 digits).
  5. Enter the amount of money in USD or EUR and confirm SWIFT transaction.

Depending on the working mode, the time difference and currency exchange, the transaction will be completed in 1 to 3 days.

You only need to have Genome online account to get access to all the useful features such as SWIFT transactions. They are available from your own secure dashboard via Genome app or a desktop version. 

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