Does UnionBank accept international transfers?

Sending Money Across Borders: A Quick Guide to International Transfers with UnionBank

Navigating the world of international money transfers can feel daunting. Thankfully, many banks offer streamlined services to simplify the process. If you’re a UnionBank customer wondering about your options for sending funds abroad, this article will provide a clear overview.

Yes, UnionBank does accept international transfers. The bank facilitates these transactions primarily through the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network. This globally recognized system allows for secure and efficient transfer of funds between banks across different countries.

Sending money internationally with UnionBank involves a straightforward process, easily managed through their online banking platform. Here’s a concise breakdown:

1. Log in: Access your UnionBank online banking account using your registered credentials.
2. Navigate to “Send”: Once logged in, locate and select the “Send” option within the main menu. This section usually houses all fund transfer functionalities.
3. Choose “International”: Within the “Send” menu, you’ll find various transfer options. Select “International” to initiate a cross-border transfer.
4. Select “SWIFT”: UnionBank utilizes the SWIFT network for international transfers. Choose this option to proceed.
5. Specify the Destination Country: You’ll be prompted to enter the recipient’s country. Selecting the correct country is crucial for accurate routing of the funds. Further details, including the recipient’s bank information and account number, will be required in subsequent steps.

While this outline provides a basic overview, it’s important to remember that specific details, such as transfer fees, applicable exchange rates, and processing times, can vary. For the most up-to-date information and any specific queries regarding transaction limits or required documentation, it’s always recommended to contact UnionBank directly through their customer service channels or consult their official website. This will ensure you have the most accurate and relevant information for your specific transfer needs. Additionally, be prepared to provide necessary details about the recipient, including their full name, address, and bank account information.