How to make an international wire transfer It’s a global body which helps banks safely process international payments by offering secure messaging and assigning each bank in the network a unique identifier to guide payments. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunications. Banks usually send international wires through the SWIFT network. Your bank will then arrange the payment so it’s conveniently deposited once it’s been processed. You can usually arrange an international wire transfer online, by phone or in a bank branch, by giving your bank the recipient’s personal and banking details. International wire transfers are payments sent from your bank account, for deposit into your recipient’s bank account directly.
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