How long does wise SWIFT transfer take?

How Long Does a Wise SWIFT Transfer Take?

Wise SWIFT transfers, also known as international wire transfers, typically arrive within one to six business days. However, it’s crucial to note that delays are possible due to geographical differences or multiple bank transfers involved in the process.

Factors Affecting Transfer Times:

• Geographical Distance: The transfer time can vary based on the distance between the sender’s and recipient’s banks. Transfers within the same country may arrive within a day, while international transfers may take longer.
• Bank Transfers: If the transfer involves multiple bank transfers, the overall time increases. Each bank involved in the process will require time for verification and processing.
• Intermediary Banks: In some cases, SWIFT transfers may involve intermediary banks to facilitate the transfer. These intermediary banks can add additional time to the process.
• Public Holidays and Weekends: Banks typically do not process transfers on public holidays and weekends. This can cause delays if the transfer is initiated before a holiday or weekend.

Tips for Faster Transfers:

• Verify Bank Account Details: Ensure that the recipient’s bank account information is accurate to avoid delays or errors.
• Initiate Transfers on Business Days: Transfers initiated on weekends or holidays may experience delays as banks do not process transactions on those days.
• Consider Faster Payment Options: If time is of the essence, you may want to explore alternative, faster payment options such as Wise’s instant transfers, which can arrive within minutes.
• Contact the Bank for Updates: If the transfer has not arrived within the estimated time frame, contact the sending or receiving bank for an update.

Conclusion:

Wise SWIFT transfers typically arrive within one to six business days. However, it’s essential to be aware of potential delays due to geographical differences, multiple bank transfers, or other factors. By verifying bank account details, initiating transfers on business days, and considering faster payment options when possible, you can minimize delays and ensure timely delivery of your funds.