In today’s connected world, sending money across borders is a daily need for businesses, freelancers, and families. One of the most reliable systems enabling this global exchange is SWIFT — the Society for Worldwide Interbank Financial Telecommunication.
If you’ve ever transferred funds internationally, you’ve likely come across a SWIFT code. But what exactly is it, and how does it work in Pakistan? Let’s dive in.
What Is a SWIFT Transfer?
A SWIFT transfer is an international payment sent from one bank to another using a unique SWIFT code. This code identifies the recipient’s bank and ensures your money reaches the correct account globally.
Think of SWIFT as a secure messaging system that connects 11,000+ banks worldwide, allowing them to communicate transfer instructions safely.
How SWIFT Transfers Work in Pakistan
When you send money abroad from a Pakistani bank (like HBL, UBL, or Meezan Bank), the process usually involves:
- Sender’s Bank – Initiates the transfer using the receiver’s SWIFT code.
- Intermediary Banks – Sometimes handle the transaction if there’s no direct link between the two banks.
- Recipient’s Bank – Receives and credits the payment to the destination account.
Each step can involve small transaction and intermediary fees, depending on the countries involved.
How Long Does a SWIFT Transfer Take?
Most SWIFT transfers take 2–5 business days to complete. Delays can occur due to:
- Public holidays
- Time zone differences
- Additional security checks
- Currency conversions
For urgent payments, always confirm expected delivery times with your bank before initiating a transfer.
SWIFT Transfer Fees and Charges
International SWIFT transfers usually include:
- Sending Fee: Charged by your bank for initiating the transfer.
- Intermediary Fee: For any middle bank involved.
- Receiving Fee: The recipient’s bank may also deduct a fee.
To minimize costs, compare charges across banks or use digital platforms that offer better rates and transparency.
Are SWIFT Transfers Safe?
Yes, SWIFT transfers are among the most secure methods for international payments. Every transaction is encrypted and verified, ensuring your money reaches its rightful destination.
However, always double-check the SWIFT code and account number to avoid sending money to the wrong recipient.
Simplify International Payments with 2Pay.com.pk
At 2Pay.com.pk, we help users in Pakistan discover faster, safer, and more affordable digital payment solutions. Whether you’re sending funds abroad or receiving payments internationally, understanding how SWIFT transfers work helps you make smarter choices.
Stay informed, compare your options, and manage your transactions with confidence through trusted digital payment systems.
