BAC · News · 20260805N

International Money Transfer Partnership

BANK OF AMERICA CORP /DE/ · 2026-08-05 · Importance 31 · Surprise 42

Swift launched a new international money-transfer service in the United States with Bank of America and JPMorgan Chase as early adopters. The service is designed to provide greater transparency, speed, and predictability for cross-border payments, including disclosure of the full amount recipients should receive. Funds may be received within minutes, and the initiative follows prior launches in Canada and Germany while covering payments from several key countries.

Key facts

• The Swift service shows recipients the full transaction amount and has the potential for funds to be received within minutes. source