With SWIFT, BPR acting upon your instruction, will instruct its correspondent bank abroad to avail funds to a recipient of your choice in not later than 24 hours.
SWIFT is the most used method by banks for making oversees payments and transfers.
Details to give to the bank handling the money transfer
Your bank’s account number ;
SWIFT Address;
Name and address of receiving bank;
Recipient’s account number;
The branch where the account is maintained;
The benefits:
Fast way to transfer money. It is a computer based message system which is delivered to the recipient’s correspondent instantly;
Very convenient especially for those doing international business ;
Very reliable means - you or the recipient can always follow up to trace the transfer transaction in case of delay;
Very affordable – low commissions charged by the bank undertaking the transfer;
BPR has a wide network of reputable correspondent banks around the world.