Direct Bank
Transfer (SWIFT)

Secure cross-border and domestic bank transfers with global reach

Direct Bank Transfer is the standard way to move funds between bank accounts
domestically and internationally. International wires are transmitted through the
SWIFT messaging network, enabling payments to beneficiary accounts worldwide.

About This Service

Direct Bank Transfer (SWIFT)

Execute secure, fast international wire transfers via the SWIFT network — the gold standard for institutional cross-border banking. Prominence Bank provides direct access to 200+ countries with full compliance and transaction traceability.

Available exclusively to Prominence Bank account holders, this service is delivered with institutional-grade compliance, full documentation, and dedicated relationship management support.

Key Benefits

Global reach for international payments (SWIFT).

Structured payment references for business reconciliation.

Optional enhanced tracking where supported (e.g., SWIFT GPI corridors).

Bank-grade verification, screening, and audit trail.

Step by Step

How It Works

Provide beneficiary details (name, bank, IBAN/account number, SWIFT/BIC) and payment purpose.

1 Bank performs compliance screening (KYC/AML, sanctions, risk checks).

2 Payment instruction is released through the applicable rail (domestic/SEPA/SWIFT).

3 Intermediary banks (if any) process and route the payment to the beneficiary bank.

4 Beneficiary bank credits the beneficiary account; confirmations may be available depending on corridor.

5 Real-World Applications

Typical Use Cases

Supplier Payments

Pay international suppliers and invoices

Personal Remittance

Send funds to family members abroad.

Corporate Transfers

Move corporate funds between group entities and jurisdictions.

High-Value Payments

High-value one-time payments such as escrow, tuition, or professional services.

Requirements

Eligibility & Compliance

Exclusive Access: Available to Prominence Bank account holders only.
All transfers are subject to full KYC/AML and sanctions screening.
Mandatory source of funds and wealth validation where required.
Ongoing monitoring of all transactions for security and compliance.
Subject to corridor/counterparty acceptance and final bank approval

Important Disclaimer

Confidential draft for production use. Public pages – services restricted to account holders. Information is provided for general guidance only and does not constitute an offer, commitment, guarantee, or promise to execute any transaction. Fees, timelines, and availability depend on corridor, counterparty, and compliance outcome.

KYC/AML

Sanctions Screening

Risk-Based Approval

Bank Verification

Common Questions

Frequently Asked Questions

Find answers to the most common questions about our Direct Bank Transfer (SWIFT) service.

Question: What is a SWIFT transfer?

A SWIFT transfer is a secure international wire transfer where payment instructions are sent bank-to-bank. It is the gold standard for a cross-border transfer, ensuring that funds reach the beneficiary’s account through a protected global network.

SWIFT transfer international wire bank-to-bank transfer cross-border payment SWIFT BIC

Question: Who can use SWIFT transfers at Prominence Bank?

Answer: These international wire transfer services are available to Prominence Bank account holders only. Every cross-border transfer is subject to eligibility, KYC/AML protocols, and bank approval to ensure a secure bank wire experience.

account holders KYC AML sanctions screening eligibility compliance

Question: What information is required to send a SWIFT transfer?

Answer: To send money internationally, you need the beneficiary name, bank name, IBAN, and a valid SWIFT BIC. A clear purpose for your bank wire is essential for successful international wire transfer processing.

SWIFT details IBAN BIC beneficiary information payment reference

Question: How long does a SWIFT transfer take?

Answer: The timeline for an international wire transfer varies. While most SWIFT payment transactions complete within 1-3 business days, certain cross-border transfer routes may offer faster tracking through the bank wire network.

SWIFT transfer time settlement business days corridor tracking

Question: Can I track my SWIFT payment?

Answer: Yes, we provide tracking references for every international wire transfer. This offers enhanced visibility into your SWIFT payment status, especially for corridors using SWIFT BIC and global bank wire tracking.

SWIFT tracking payment status UETR confirmation gpi

Question: Can a SWIFT transfer be cancelled or recalled?

Answer:Once an international wire transfer is released, cancellation is not guaranteed. A recall for a SWIFT payment may be attempted, but it depends on the beneficiary bank’s cross-border transfer policies.

recall cancellation reversibility beneficiary bank SWIFT message

Question: Why might a SWIFT transfer be delayed or rejected?

Answer: Delays in international wire transfer occur due to incorrect IBAN, SWIFT BIC, or missing documentation. Every bank wire must pass strict cross-border transfer regulatory filters.

transfer delay rejected wire compliance review sanctions incorrect details

Question: What fees apply to SWIFT transfers?

Answer: Fees for a SWIFT payment depend on the destination. Whether it is a SEPA transfer or a global international wire transfer, all bank wire costs are disclosed before execution.

wire fees intermediary fees SWIFT charges fee disclosure banking fees

Become an Account Holder to Access This Service

Become an account holder to access this service and more. Open an account online or contact Prominence Bank for an eligibility review.

Need assistance? Call us on +44 20 8895 6493 or contact us online.