To send money internationally, transactions are of great importance. People send money between countries for many reasons. There are many reasons such as investment purposes, needs, shopping, company purposes.
In addition, international transfers are preferred to send money to relatives, family and friends. For you, we will examine in detail the transactions of sending money from one country to another country. You will have an idea about all issues such as international money transaction times, fees and stages thanks to our reviews.
At the same time, our detailed analyses of Jetonbank, one of the internationally respected and best-performing banks, will give you an idea for the transfer.
Is it Free to Transfer Money İnternationally?
There are some rules for sending money internationally online. Generally, banks charge certain commissions for money transactions between countries. This commission or deduction amount will vary according to the bank. In addition, it is ordinary and normal to vary the fee charged according to the shipping method used.
In send money internationally, more than one bank comes into play when sending via SWIFT. However, depending on the situation, it may be possible to carry out transactions such as payment of the amount by the recipient.
In the type called OUR code, all costs belong to the sending individual or company. BEN code is the abbreviation of Beneficiary concept.
Here, the transaction is completed by covering all costs by the recipient. The other type is the SHA code. In this method, the sender pays the bank costs, while the buyer pays the other commissions, so a joint payment is seen. You can transfer money by choosing one of these methods known as Swift cost codes.
There are different types of applications and wallet types in international money transactions. Since these transactions are platform and intermediary institution based, there will be a deduction specific to them.
Banks usually cut commission according to the amount of money sent. For small amounts such as $ 200 - $ 300, there will usually be free of charge or a deduction between $ 5 and $ 20.
However, if the amount increases, deductions such as 100, 200 or even 500 dollars can be seen. These figures depend entirely on your bank’s policy, method and some parameters.
If you transfer with Jetonbank, the commission rates and transaction fees will be very low. Jetonbank is one of the banks with the lowest transfer transaction fee in the market.
How Do I Send Money Overseas?
Ways to send money internationally are available in many types. You can make transactions by choosing some of the different methods for sending money.
Generally, SWIFT transactions made by entering the recipient IBAN number, Swift code and amount are in the first place. If you are transferring from quality banks such as Jetonbank, the transfer will be completed in a short time with the Swift code.
How Long Does an International Money Transfer Take?
To send money internationally, the process works a little differently due to the rules in online transactions. Therefore, the main issue that people wonder about is how long it takes.
Transfers usually vary according to the method, bank and system. If the transaction is made within the working hours of the banks, the completion of the money transfer will be completed between 2 and 3 days.
However, in cases such as weekends and holidays, there may be an extension in time. These times are valid for SWIFT transfer. In some banks, it can be seen that it is completed in as little as 1 day at speed.
However, generally, even if the sending bank acts quickly, it will take 1 – 2 days for the receiving bank to process it. Since the Jetonbank transaction time will be quite short, the process is completed very quickly. However, if the receiving bank is different and slow, slowdowns may occur due to another bank.
If methods such as digital applications are used, it can be seen that the duration is much different. For this reason, it is important which method is used for international money transactions.
There will be necessary explanations and information within the bank, application or platform where the transaction is made. If there is a problem with the duration, it is possible to get information by contacting your bank or intermediary institutions.
How Do I Get the Best Exchange Rate When Transferring Money?
The exchange rate is of great importance in how to send money internationally. Because there may be a loss of value in the purchase and sale transactions of different currencies. Exchange rates fluctuate according to the transaction, time, bank and different situations.
For this reason, it is important that the bank you work with allows you to buy or sell in the best and realistic way. Otherwise, you may suffer losses and financial losses.
In your transactions with Jetonbank, trading with the best exchange rates is one of the reliable features offered to you.
Best Way to Transfer Money Internationally
Ways to send money internationally come in many types. Money transfer and banking is one of the most important transactions in all parts of the world. Money is the basic means of use in many transactions that come to mind.
For this reason, it is of great curiosity how the transfer transactions between countries are. It would be logical for you to determine a way for you to make a transfer. Generally, the SWIFT method is one of the techniques used as reliable.
Therefore, the recipient is sent thanks to the Swift code of the bank. At the same time, it is one of the common situations where the concept of BIC is used in this code.
With SWIFT, which is shown as the best way to send money internationally, the receiving bank, swift code, amount of money is entered.
In addition, the recipient’s account number, ie IBAN number, must be entered. In this way, your money will arrive in different countries of the world. The amount of money is limited according to banks and countries. In addition, some banks charge a commission fee, while some banks can see free shipping.
Digital and mobile applications are one of the other methods used for international money transactions.
If you have a Jetonbank account, you can transfer money anywhere you want quickly with SWIFT code. If digital asset money transfer is to be made, then transactions are made with a digital asset wallet.
How to Make International Money Transfer Between Businesses?
How to send money internationally does not seem to differ much between businesses. By applying normal procedures and stages, it will be possible to transfer from any country to any country you want. SWIFT transaction is one of the most widely used methods among businesses when transferring money.
Thanks to Jetonbank, it is possible to shop between two companies in a safe, fast and high quality way. The method of shopping between companies is also called B2B business model or payment method. It is one of the payment methods used in the shopping of two businesses for their own interests.
Therefore, it is possible to transfer money easily with Jetonbank by using B2B banking services. Although it is from different countries, the process is completed very short and fast.
