What Is a SWIFT Transfer?

A SWIFT transfer, alternatively known as an International Telegraphic Transfer (TT), is a financial transaction method for sending funds across borders. Utilising the SWIFT international payment network, which stands for the Society for Worldwide Interbank Financial Telecommunication, this mode of transfer is widely recognised as one of the most secure and efficient methods for international money transfers. SWIFT is one of the largest financial messaging systems in the world, trusted by financial institutions globally.