1. What are the advantages of SWIFT transfers?
- The system uses a wide range of currencies.
- High reliability in preserving confidential information is ensured by a wide range of organizational and technical measures.
- Widespread and popular in the world, it allows you to make payments to almost any country.
- Tariffs are lower than other systems.
2. Which countries cannot be sent a SWIFT transfer?
The bank does not send funds to Iran, North Korea, Russia and Belarus. It may also be refused to send a transfer to other countries if, when checking the details, it is established that this cannot be done (restrictions of the payee's country, negative information about the payee, restrictions within the framework of correspondent banks, etc.).
3. Requirements for details of SWIFT transfers.
Details for sending a SWIFT transfer must contain the following information:
For transfers in USD, EUR, PLN, GBP, CHF, CAD, CNY, CZK currencies:
- details of the payee's account: name/name of the payee, bank name, bank address, account in IBAN format, SWIFT code;
- recipient's address;
- purpose of payment;
- details of the correspondent bank (there may be an additional request from the bank).
4. How long will it take for the transfer to be delivered?
The customer himself determines the urgency of the transfer. For urgent transfers, the duration of the operation can range from several minutes to 1 day (there is a separate fee for urgent transfers). The standard time for receiving a transfer is from 1 to 3 days (if the details are correct and complete).
SWIFT transfers, like all other operations, are checked by banks for compliance with financial monitoring requirements, compliance with sanctions requirements, and therefore it is always important to provide complete and reliable information regarding the transfer and its participants in order to avoid possible questions from other banks and related delays in implementation transfers.
5. What can be the purpose of sending a SWIFT transfer?
- Expenses related to the death of citizens, medical treatment and transportation of patients.
- Transfer of funds for training to the accounts of educational institutions of a foreign state.
- On the basis of separate permits of the NBU.
- Transfers in favor of diplomatic missions, consular posts of Ukraine abroad.
- Between own accounts in another Ukrainian bank.
- To a special account of the National Bank of Ukraine to raise funds in support of the Armed Forces of Ukraine and / or to the accounts of the Cabinet of Ministers of Ukraine, ministries and other state bodies of Ukraine.
- For the purchase of a number of goods abroad within the monthly limit of UAH 400,000 (equivalent to the official NBU exchange rate). Such goods include bulletproof vests, helmets, helmets, military and tactical uniforms, military and tactical footwear, protective clothing, optical surveillance devices, unmanned aerial vehicles, sleeping bags, mats and home care products.
6. What documents can confirm the purpose of sending a SWIFT transfer, and what should they contain?
6.1. The list:
- agreements (contracts), invoices;
- letters of settlement or letters-messages of legal entities – non-residents, authorized bodies of foreign states, letters of lawyers or notaries of foreign states, statements of claim;
- invitation, family relationship documents or their duly certified copies;
- other supporting documents that are used in international practice.
6.2. Supporting documents (except for documents on family relations) must contain the following details:
- full name and location of the payee;
- the name of the bank and the details of the account to which the funds are transferred;
- the name of the currency and the amount to be paid;
- purpose of payment.
6.3. If supporting documents are drawn up in a foreign language, the bank is provided with their translation into Ukrainian, certified by a notary.
7. What documents must be provided to confirm the sources of origin of funds for sending a SWIFT transfer?
7.1. Information/documents on determining the financial condition of a customer – an individual:
- declaration of property and income with a mark of the controlling body of Ukraine on its receipt;
- information received by the customer in accordance with the procedure established by the legislation of the relevant state body on income received in the corresponding year and taxes paid on these incomes (for example, a certificate from the pension fund –OK-7 form);
- tax declaration (declaration of income) marked with a mark of the controlling body of a foreign state on receipt (if any);
- PUMB statement on the amount of wages received;
- a certificate from an authorized bank of Ukraine, certified by a seal, on the amount of wages received.
7.2. Information/documents confirming own financial capabilities, sources of origin of the person's own funds and other assets, availability, placement, and/or use of the customer's assets, which make it possible to conduct or initiate a financial transaction for an appropriate amount:
- the real estate lease agreement is registered with the fiscal service (income for the current tax period is accepted);
- contracts, notarized, from the sale of real estate, made no later than the last 3 years (if the requirements of the legislation on the implementation of non-cash payments in national currency are met, which are confirmed by an extract from the bank);
- documents confirming the payment of dividends (protocol decision of the owners + financial statements of the legal entity and statutory documents);
- an agreement on the provision of financial assistance/a loan received from a legal entity or an individual, subject to the provision of documents confirming the financial ability of a legal entity/individual to provide such assistance;
- contracts of donation of material values, notarized;
- notarized certificate of the right to inheritance (funds in current accounts, including deposits in another bank).
7.3. Information/documents confirming the existence of economic feasibility (content) of such a financial transaction (for example, documents confirming the actual residence of the individual payee of funds in the country of receipt of the transfer).
8. What are E-limits for conducting transactions by individuals?
8.1. E-limit is an automated control of NBU limits of currency transactions. NBU provides a centralized collection of information on foreign exchange transactions of individuals, which must be carried out within limits. An individual is allowed to carry out foreign exchange transactions in foreign currency during a calendar year for a total amount of up to 200,000 EUR inclusive (the equivalent of this amount in another foreign currency/hryvnia at the official rate of hryvnia to foreign currencies).
8.2. What documents are required to carry out transactions within the E-limit?
To carry out a currency transaction within the E-limit, individuals must submit the following documents:
- an application for conducting a currency transaction and entering information into the AIS “E-limits”;
- documents (statements) indicating that an individual has income in an amount sufficient to make a transfer;
- documents confirming the purpose of the transfer outside Ukraine (agreement, invoice, and other documents). Documents confirming the purpose of the transfer are not provided in case of transfer to personal accounts;
- documents confirming that the non-resident seller has ownership of the investment object (additional documents to be submitted in case of investment);
- information/details about the ultimate beneficial owners/participants in the operation (additional documents to be submitted in case of investment).
8.3. For what purposes can transfers be made within the E-limit?
Individuals can carry out transactions in the amount of up to 200,000 EUR per calendar year for the following purposes:
- making investments abroad (in the form of creating legal entities abroad, acquiring corporate rights and securities of foreign issuers, property rights to real estate located outside Ukraine);
- providing a loan to a non-resident (financial assistance that is returned);
- placing funds on a personal account outside Ukraine;
- fulfillment of obligations to a non-resident under life insurance agreements.
9. How to send a SWIFT transfer?
9.1. Submit an application through the "Submit an application for sending SWIFT" button or through the "Submit an application for SWIFT" form on this page of the site (according to the instructions) and wait for a call from the application processing officer and choosing a convenient time to visit the branch to complete the transfer.
9.2. Contact a convenient branch with the details of the transfer and supporting documents (if necessary).