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SWIFT: Convenient USD Payment Method
Learn about a secure USD payment method on EXMO — SWIFT, and how to deposit US Dollars directly from your bank account.
Recently we shared some great news: Bank Frick opened a USD account for EXMO. As a result, a new payment method for US Dollars has been added on the exchange — SWIFT Transfer. If you were wondering, what are its advantages and how to deposit USD — stay tunned! Spoiler: it will only take a few clicks!
What is USD SWIFT?
SWIFT is a global messaging network used to securely send and receive information, such as money transfer instructions, between banks and other financial institutions.
USD SWIFT on EXMO is a convenient payment method for depositing US Dollars on the exchange.
USD SWIFT Pros
SWIFT is a global network recognized by millions of people and hundreds of financial institutions worldwide. Here are its main advantages:
Security
One of the main advantages of USD SWIFT is the high level of security. You do not need to use any intermediaries to top up your account — it will be a direct transaction between your bank and Bank Frick.
Low Fees
SWIFT is for sure the cheapest payment options for USD. The current commission for USD deposits via SWIFT is 0%.
Convenient for large amounts
Another advantage of SWIFT transfer is its convenience for larger amounts of funds. For instance, you will be able to deposit up to USD $1,000,000 at once.
Who can use USD SWIFT?
USD SWIFT payment method is currently only available to EEA (European Economic Area) residents. Find the list of countries we accept below:
UK, Switzerland, Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
How to deposit USD via SWIFT?
- Go to your Wallet section.
- Click on the Deposit button.
- Choose SWIFT among the available payment options.
- Use the bank details that will appear to deposit USD from your bank account.
Requirements
- You need to pass identity and address verification to use the SWIFT payment method.
- Your bank account must be registered under the same beneficiary as your EXMO account.
Fees & Limits
The commission for USD SWIFT deposits is 0% regardless of the amount.
The limits for SWIFT deposits are as follows: $100 USD is the minimum amount, while the maximum equals $1,000,000 USD.
To sum up, SWIFT — is one of the most convenient and secure ways to deposit US Dollars on EXMO. You don’t need to use external services anymore: just transfer the money directly from your bank account to the exchange wallet.