What is a SWIFT payment?

SWIFT (Society for Worldwide Interbank Financial Telecommunications) is the intermediary dealing with payments made using the SWIFT international payment network. This network is used to send or receive international transfers. You can use the CleverWorld transfer option in your CleverDo App to make this type of transaction.

The SWIFT network doesn’t transfer funds but instead, sends payment orders between banks using codes consisting of 8 or 13 digits that identify the banks involved. These SWIFT codes are also known as BIC codes or ISO9362. SWIFT payments are a fast and secure method for sending money overseas.

Please take into account that transactions can take up to 3 business days to reach your account and are subject to the agreed fees which can be found by following the link below;

https://legal.cleverdo.app/article/150-cleverdo-fees

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