SWIFT (Society for Worldwide Interbank Financial Telecommunication)

The SWIFT system is the global central system for executing electronic financial transfers between international banks. based on international standards and uses a specific code, known as a SWIFT code, for each bank.

At Al-Salam Capital Bank, we are pleased to provide our valued customers with SWIFT transfer services. We are delighted to offer you comprehensive information about this important service, which serves as a global system for executing mutual financial transfers between international banks.

SWIFT transfers enable you to securely and efficiently transfer funds electronically between accredited international banks, using international standards and a designated code known as a SWIFT code for each bank. Through Al-Salam Capital Bank, our customers can receive, send, and execute transfers to any country worldwide, with a guarantee of funds reaching the beneficiary's account within a maximum of 24 business hours in normal cases.

SWIFT transfers offer several important advantages, providing a reliable and secure means of receiving and sending funds across geographical borders, facilitating easy transfer of monetary amounts. Transfers are issued in all major currencies according to the customer's instructions, ensuring speed of issuance and the ability to issue them periodically based on fixed customer instructions on their account.

Features:

• Availability for most globally traded currencies.
• SWIFT transfers serve as a strong method for conducting cross-border financial transfers worldwide.
• Receipt of a detailed advice containing the applicable exchange rate, commission, and SWIFT fees.
• In case of non-payment confirmation by the correspondent bank, you can request a refund and retrieve the transferred amount.
• The transferred amount is directly deducted from the customer's account in any major currency, using the applicable exchange rate for the transferred currency,  facilitating financial operations peacefully.

At Al-Salam Capital Bank, we committed to provide SWIFT transfer service with a high level of security and quality. We adhere to international standards and necessary security measures to protect financial transactions and customer data. Our customer service team is always available to answer any inquiries or provide further information about the SWIFT transfer service.

We consider Al-Salam Capital Bank a reliable partner for executing global SWIFT transfers, and we are ready to work with you and meet your international financial needs.