How to Send Money Internationally: A Step-by-Step Guide
Sending money abroad requires an IBAN, a SWIFT/BIC code, and understanding of transfer fees. This guide walks you through every step.
What You Need Before You Send
Before initiating an international transfer, gather the following:
- The recipient's full IBAN (validate it here first)
- The recipient bank's SWIFT/BIC code
- The recipient's full name as it appears on their bank account
- The recipient's bank address (required by some banks)
- The transfer purpose code (required for some countries)
Step 1: Validate the IBAN
Before anything else, run the recipient's IBAN through our validator. This confirms the check digits are correct and that the IBAN length matches the expected format for that country. A failed validation now saves you a failed transfer later.
Step 2: Choose Your Transfer Method
Your options range from your high-street bank (familiar but often expensive) to specialist services like Wise, Revolut, or OFX that offer better exchange rates and lower fees. For SEPA transfers, all banks are required to charge the same as domestic transfers.
Step 3: Confirm Country Format
Each country has a specific IBAN structure. Browse the country format pages to confirm the IBAN you have received follows the correct pattern for the destination country.
Step 4: Submit and Track
Once submitted, SEPA transfers typically arrive within 1 business day. Non-SEPA international transfers take 2–5 business days. Keep your transaction reference number for tracking.