Glossary

Paying out

SWIFT payout

A SWIFT payout is an international bank transfer sent through the SWIFT network, where the paying bank instructs the recipient's bank, often through one or more correspondent banks.

In practice

SWIFT reaches almost any bank in the world, which makes it the fallback when no local rail connects the sender to the recipient. The trade-off is speed and cost: a wire can take several business days, follows banking cut-off times, and may have fees deducted by banks along the way.

For that reason, SWIFT suits larger, less time-sensitive payments, and local rails suit everything else where they exist.

Stables supports SWIFT payouts in a number of currencies alongside local rails. The quote shows which rail a transfer will use before you commit.

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