How long does FNB Swift transfer take?

FNB international money transfers made via SWIFT typically take between one and three working days to arrive in the beneficiary’s bank account abroad. However, these types of transfers can sometimes take longer still, especially if the beneficiary’s bank is located in a less-served country.

If you’ve ever sent an international payment, you’ve probably wondered about international bank transfer times. Businesses increasingly rely on cross-border transactions and need payments to go through as quickly as possible, while consumers are used to having their demands fulfilled instantly.

How long do international bank transfers take? Unfortunately, there isn’t a definitive answer, although we can give you a good indication. Find out everything you need to know about international bank transfer times, starting with how international wire transfers actually work.

In most cases, international bank payments are actioned through the SWIFT network – a secure messaging system that banks use to send information. When you send an international bank transfer, banks will use the SWIFT network to ensure that your payment reaches its destination. However, it won’t always get there directly. Some payments go through intermediaries – also known as corresponding banks – almost like taking a series of connecting flights to arrive at your destination. It’s also worth mentioning that the SWIFT network doesn’t actually move your money, just your payment order.

Generally speaking, international bank transfers will arrive within one to five working days. Let’s explore what this looks like.

To send an international payment, you simply need to gather all the necessary information (IBAN numberBIC/SWIFT number, recipient’s banking details, etc.) and submit them to your bank, whether that’s in person or via an online banking app. In most cases, international bank transfers can only be processed on business days, provided that they are requested before the cut-off time, which varies from bank to bank.

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