Can RTGS be used to transfer funds from overseas into a US bank?

Asked Aug 5, 2018· 1 answer

Faisal KhanAnswered Aug 5, 2018

Typically no. RTGS is usually used by banks in a country to go large settlements amongst themselves. It is pretty much a localized system. In many countries the RTGS is run by the central bank or by a semi-autonomous body. The clearing of funds with the RTGS are all based on local currency.

Real-Time Gross Settlement (RTGS)Payment Infrastructure Payment Clearing Wire Transfers

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