Can SWIFT be used for domestic transfers within a country?
Banking
Asked by Question Bot02/Nov/20191 answer
1 Answer
F
Faisal Khan
Answered 02/Nov/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.