Yes, of course it is possible, for this you should follow these steps:
1. Open an account for a drop in the desired bank in Asia or get the details of the drop from cashing services and agree with them a% in your favor.
2. Buy a bank account with a balance, get it from the logs or register yourself using this full account.
3. Log into your account by login and password.
4. Select the "make an international bank transfer" tab. You will be asked to do this through the ACH or SWIFT system.
5. Fill in the details of the instructor. And press the button "Send money transfer".
6. Within 2-3 days, wait for the receipt of funds to your account.
7. Cash out money through a drop in any convenient way or receive a payment from a cryptocurrency cashing service.
Additional Information:
For an interbank transfer, you need the last name, first name, patronymic and details of the recipient: the name of the bank, IBAN and BIC codes (when transferring from card to account) or the name and card number (when transferring from card to card). Keep in mind that banking abroad and the terms of money transfers can be very different. For example, some European banks charge a fee for card-to-card transfers from the recipient. Therefore, it will not be superfluous to check with the recipient of the transfer in advance how it is more profitable to arrange a money transfer for both you and him.
It is important to understand the purpose of the payment and clearly articulate it in two or three words: for example, "Payment for accommodation", "Reservation of language courses" or "Fee for work". Otherwise, the SWIFT system (this is an international system through which world banks exchange payment data) may block the transfer.
The abbreviation SWIFT is hardly known to a wide circle of ordinary people, but for those who work in the banking industry or are involved in interbank payments and money transfers, including international ones, they certainly know about it.
Founded in 1973, more than 200 European and American banks were its founders. The head office of the structure is located in Brussels. Currently, more than 10 thousand large banks and non-banking organizations, representing almost all countries of the world, are connected to the system. The account of transactions made in the SWIFT system in one day goes into the millions.
Organization of work of the SWIFT system
From a technical point of view, the system is an international corporate network to which participants (banks and other users) are connected and which is controlled by system resources (regional processors and operations centers).
Interaction between participants is carried out on the basis of financial messages, and between the system and participants - on the basis of system messages. The structure of messages consists of a title, text and the so-called trailer (special code). Messages from the computers of the SWIFT banking system participants enter the regional processor, accumulate there and redirect to the operational center for processing (analysis of correctness, transformation, identification and encryption), and, based on its results, are either transmitted to addressees or returned to senders.
SWIFT translation: what is it
SWIFT transfers are made on the basis of an order containing the following information:
- Beneficiary bank's SWIFT code;
- the name of the receiving bank and the details of its branch where the money should be received;
- the name of the final recipient (full name of the person or the name of the organization);
- final recipient's bank account number (if any).
For an interbank transfer, you need the last name, first name, patronymic and details of the recipient: the name of the bank, IBAN and BIC codes (when transferring from card to account) or the name and card number (when transferring from card to card). Keep in mind that banking abroad and the terms of money transfers can be very different. For example, some Asia banks charge a fee for card-to-card transfers from the recipient. Therefore, it will not be superfluous to check with the recipient of the transfer in advance how it is more profitable to arrange a money transfer for both you and him.
It is important to understand the purpose of the payment and clearly articulate it in two or three words: for example, "Payment for accommodation", "Reservation of language courses" or "Fee for work". Otherwise, the SWIFT system (this is an international system through which world banks exchange payment data) may block the transfer.
International electronic payments
Our global network of banks and experienced teams help simplify international payments.
Need to wire a payment to Asia, make a currency exchange online or pay vendors in Asia today?
International electronic payments benefits
- Checking account services allow you to draw checks against dollar receipts without leaving your office. We’ll also help you with the paperwork and implementation of your services.
- Foreign check deposit services allow us to collect payment on your behalf on foreign checks deposited to your local account. Foreign currency checks are converted to U.S. dollars at competitive exchange rates.
- Foreign exchange services feature a comprehensive set of tools to manage foreign currency risk. We also offer foreign-exchange seminars several times a year.
- Foreign currency accounts are typically non-interest bearing accounts used for wire transfers. They’re ideal for companies that have payables and receivables in the same currency.
- Use bank tool that enables your business to make payments in foreign currencies without going to the bank.
- International ACH payments to Asia enable you to create and transmit ACH transactions using direct transmission.
- International wire transfers provide fast, secure transfer of funds, including same-day and future-dated transfers.
- International check processing includes clean collections as well as check deposits.
- International Balance Reporting allows you to see your complete financial position online, including account summary and detailed transaction information for foreign accounts.
