Can SWIFT be used for domestic transfers within a country?

Asked Nov 2, 2019· 1 answer

Faisal KhanAnswered Nov 2, 2019

SWIFT is a messaging system. It does not transfer money per se. To answer your question, yes, what you are proposing, can also be done with SWIFT.

The actual money transfer in such a case would most likely utilize the RTGS or local clearing & settlement switches.

Payment Infrastructure Wire Transfers Payment Messaging Standards Payment Routing

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