What is SWIFT?

SWIFT is the Society for Worldwide Interbank Financial Telecommunication, and allows money to be sent and received internationally.

Can I receive money using SWIFT with Finom?

Yes, our partner Solarisbank accepts SWIFT incoming transfers.

Can I send money using SWIFT to Finom?

Currently you cannot make an outgoing SWIFT transfer with Finom.

Do Finom charge for receiving SWIFT transfers?

Currently, receiving a SWIFT transfer to your Finom account is free.*

How long does a SWIFT transfer take?

Depending on the bank who sent the transfer, and the intermediary banks who process the transfer, a SWIFT transfer can take up to 2-3 weeks.

Which currencies are supported?

Only payments in EUR are supported, we do not offer any fx-conversion.

When will outgoing SWIFT transfers will be possible?

Currently there is no timeline available.

Which countries are supported?

Every country (exceptions see below), as long as the sending bank has a correspondent bank in Europe which is willing to route the payment through the Target-2 network to us and convert it in EUR. We are restricting banks & countries which are listed on the general sanctions lists

Can I receive transfers from Russia?

The Russian military aggression against Ukraine has led to the imposition of restrictive measures (sanctions) by the European Union. As a financial institution regulated by the German Federal Financial Supervisory Authority (BaFin), Finom’s partner Solarisbank AG is obliged to comply with these sanctions. Solarisbank have decided to go beyond the measures and block all transactions with Russian and Belarusian banks as well as card transactions with Russian merchants. For the latest information on existing sanctions, please see the European Commission's Restrictive Measures Guidelines here.

*Pricing of incoming SWIFT transfers is subject to change.

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