General Questions
What is an international bank transfer?
+An international bank transfer is a method of sending money from one country to another. It can be done via SEPA (within EU) or SWIFT (worldwide).
What is the difference between SEPA and SWIFT?
+SEPA is for EUR transfers within the EU, typically completed in 1 business day with low fees. SWIFT is global but slower (2-5 days) and more expensive.
How long does an international transfer take?
+SEPA: 1 business day. SWIFT: 2-5 business days.
IBAN & Account Numbers
What is an IBAN?
+IBAN (International Bank Account Number) is an international account number format used primarily in Europe and many other countries.
Where can I find my IBAN?
+In your online banking, mobile app, bank statement, or by visiting your bank branch.
What is a SWIFT/BIC code?
+A SWIFT code is an 8-11 character bank identifier. Not usually needed for SEPA, but required for SWIFT transfers.
Fees & Costs
How much does an international transfer cost?
+Estimated costs: SEPA: €0-5. SWIFT: €15-50 + intermediary bank fees. Actual fees vary by bank, please check with your financial institution.
Are there cheaper alternatives?
+Yes, fintech providers (Wise, Revolut) are often cheaper for international transfers.
How accurate is this information?
+The fees and times on our website are informational estimates only. Actual costs and processing times may vary by bank and time period.
⚠️ Legal Disclaimer: The information on this website is for informational purposes only. TransferFAQ is not a financial service provider and does not conduct payment transactions. Fees, processing times, and other data are estimated values that may vary by bank and time period. Please always verify with your own financial institution for exact and current terms.