SWIFT payments are international transfers made through the SWIFT network, which is the world’s largest international payments system. You can send payments through SWIFT in the app.
In simple terms, if you send an international payment, SWIFT is a service that securely sends your money from your account to your payee’s account through intermediary banks. These banks can apply extra charges for handling the money, which can be deducted from what your payee receives.
When making a payment in the app, we'll always make sure you're aware if the payment is being sent via this method and if intermediary fees may be applied.