How can I check a SWIFT transfer status?

Verifying the Status of Your SWIFT Transfers

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a secure network used for international money transfers between banks. If you have initiated a SWIFT transfer, it’s crucial to track its progress to ensure that it is processed and received as intended.

Online Tracking Tools

The most convenient way to check the status of your SWIFT transfer is through online tracking tools. Numerous websites offer this service, providing real-time updates on the progress of your payment. Some reputable options include:

• SWIFT gpi Tracker: This tool from SWIFT itself allows you to track the status of gpi (global payment innovation) payments, which are faster and more transparent than traditional SWIFT transfers.
• Wise: This currency exchange and international payment platform provides a free tracking tool for both SWIFT and non-SWIFT payments.
• CurrencyFair: Similar to Wise, CurrencyFair offers a tracking service for SWIFT transfers, keeping you informed at each step of the process.

How to Use Online Tracking Tools

To use these tracking tools, you will typically need to provide the following information:

• Reference number or transaction ID
• Sender and recipient bank details
• Amount of the transfer
• Currency

Once you have entered this information, the tracking tool will provide you with the current status of your transfer, such as:

• The stage it is in (e.g., pending, processing, completed)
• The estimated delivery time
• Any potential delays or issues

Other Methods

Besides online tracking tools, you can also contact your bank directly to inquire about the status of your SWIFT transfer. However, this method may involve longer waiting times and limited information compared to online tracking.

Importance of Tracking SWIFT Transfers

Tracking your SWIFT transfers is essential for peace of mind and to ensure that your funds are transferred as intended. It allows you to:

• Monitor the progress of the transfer and address any issues promptly
• Confirm the arrival of the funds in the recipient’s account
• Protect against potential fraud or errors in the transfer process