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Value of swift codes in International business?

What is the value of swift code in International business.

Posted on 2013-02-15 00:59:46

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Replying to [Harjeet]:Every bank have a SWIFT code

2013-02-15 00:59:46

Replying to [Harjeet]:Absolutely no use in International business whatsoever. SWIFT is a communications system between banks world-wide. Every bank has its own SWIFT Code, which is the bank's identification code.

2013-02-15 00:59:46

Replying to [Harjeet]:SWIFT code make the banking transaction easy. Bcz Every bank brach have there own swift code due to which transacion is easy and fast.

2013-02-15 00:59:46

Replying to [Harjeet]:S W I F TSatalite Worldwide International Financial transactionsMoney transfer,LC advice and some confidential and financial transactions are transfered between financial Institutions via SWIFT. To become a memeber there are certain conditions and they have to deposit money. The Banks have secret codes between them and since the transmission is between the memebrs and no others can interact, this transactions are authenticated.So money transfer and otehr finacila matters will be transmitted and like e mail

2013-02-15 00:59:46

Replying to [Harjeet]: It's for banks, No swift code no transactions.. if no transactions no international business.

2013-02-15 00:59:46

Replying to [grigo]:we used to do swift takes time 72 hours i was told that all swift from Australia goes via American Express

2013-02-15 00:59:46

2013-02-15 00:59:46

Replying to [Aussie]: And most likely threre are fees passed on to the seller as well. [em3]

2013-02-15 00:59:46

Replying to [grigo]: im new to this system, if you have any good advice for beginner, can you reply with some, thanks, and this is what i do., start off with any vision, then personally, get your ID, ssn# bankaccount, zoning permit, business lic, seller permitt, fiticious name, fiticious ad, yellow page, fed x, chamber of commerce, ascap.com, u.s copyright office, closeoutnews import and export world wide whole sale guide, cd baby, photo shop cs2, ps print, film baby, renter insurance, paypal, payloadz, snocap, local media, local school, college, community churches, city council, or elected official, once finishing these steps, you can continue at home or find a commercial build, go to the fire department, human health service, and then take them clearance paper down to your local business and then get ready for your grand opening, my email ocan20005@yahoo.com

2013-02-15 00:59:46

Replying to [Harjeet]:In international transactions, money is transferred, initially, from bank to bank. All international money transfers in US Dollars, throug a bank, require SWIFT code which is stored for every financial institution at New Yark. All banks who have SWIFT Code must have their Corresponding Bank at New Yark as all the transcations in US Dollar are routed through New Yark which is center for USA monetory institutions who keep a check on all money transfer throughout the world.SWIFT is a banking route for money transfers and it make funds tranfer accurate and speedy. When you will give SWIFT code with your bank information, the route of money transfer will be syncronized at New Yark between Corresponding Banks of the both parties and the money will be ultimately sent to your bank account.In case, you don't give SWIFT code with your bank information, the remitting bank's Corresponding Bank at New Yark will send money to it's any representative in your country and you will have to wait for a long time for money coming to your own bank account.

2013-02-15 00:59:46
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