How to send money using SWIFT code

To send money using a SWIFT code, you will need the recipient's full name, their bank account number or IBAN, the bank's SWIFT/BIC code, and the bank's address. Log in to your bank's online platform or visit a branch, initiate an international wire transfer, enter the recipient and SWIFT details, specify the amount and currency, then review fees and exchange rates before confirming. Most banks process SWIFT money transfers within one to five business days, though correspondent bank delays can extend the timeline.

SWIFT transfers often carry high fees and unfavourable exchange rate margins, especially from traditional Indian banks. If you are an Indian exporter or freelancer receiving payments rather than sending them, Skydo offers a faster, more cost-effective alternative. As an RBI-authorised platform, Skydo enables direct international collections with competitive rates and transparent pricing, helping you retain more of your earnings without the delays typical of correspondent banking networks.