What is SWIFT code and how does it work in banks?

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  • Опубликовано: 2 ноя 2024

Комментарии • 70

  • @ShuddhDesiBanking
    @ShuddhDesiBanking  Год назад

    For our SWIFT ISO 20022 courses -
    www.bankon.school/courses/swift-mt-mx-iso-20022-message-types
    For our trade finance courses -
    www.bankon.school/courses/international-trade-finance-certification

  • @M1dKnight1am
    @M1dKnight1am 2 года назад +47

    Here to learn about Swift after Russia attacked Ukraine.

  • @kartikpadiyar3239
    @kartikpadiyar3239 Год назад

    You gained a subscriber..such an amazing and to the point explanation ..excellent

  • @gellijayalakshmiharika2937
    @gellijayalakshmiharika2937 3 года назад +6

    Very nice explanation ma'am,you made it simple,Thank you

  • @floridaalvarado8897
    @floridaalvarado8897 2 года назад

    Important information. I learned about swift when I bought a land in El Salvador. The seller traveled from Panama to El Salvador, but I had to wire the money to his bank in Panama. It took a few days, but after some additional information on my bank accounts info, the money was deposited to his account. The federal reserve bank of the country scrutinize the transaction first, and they approve, or reject the transaction.
    Now, for the notary to sign the sell/purchase docs was not easy, because the money was not in the seller's bank, and the signer had only the copy of the power of attorney, the original was mailed to the Notary and he received it 17 days later. It was a great deal of trust they had of me to be able to do the signing that way.
    My most recent purchase was not that easy, because of an error in my husband's name, the receiving bank rejected the money, which it was sent back to the USA bank.
    I would love to learn more about international banking.

  • @winterqueen8473
    @winterqueen8473 3 года назад +1

    Straight to the point & very helpful.
    Much appreciated, please keep going 👍👍

  • @jamshedrubayet9576
    @jamshedrubayet9576 3 года назад

    Really helpful and precise. Help me to understand SWIFT message codes.

    • @ShuddhDesiBanking
      @ShuddhDesiBanking  3 года назад

      www.bankon.school/s/store/courses/description/SWIFT-Message-Types-MT-MX-ISO-20022
      You can find our detailed course here.
      Al the best,

  • @thankuish
    @thankuish 2 года назад +1

    When we send a payment, if we send the Swift code incorrectly, will the other party get the payment and the money will be returned to our account?🤔

  • @vickypahwa5155
    @vickypahwa5155 2 года назад

    What is the mean of optional part it's not mandatory to give full swift code anyone if branch code not know only SBININBB is correct for all account holder

  • @kounainlakhani3230
    @kounainlakhani3230 4 года назад +2

    Could you please help me out , how to understand 3 party SSI and 2 party SSI ??

  • @vichithralanka7958
    @vichithralanka7958 3 года назад +1

    Good explanation

  • @baburajyadav5808
    @baburajyadav5808 3 года назад +1

    Very informative

  • @jyotikiran6403
    @jyotikiran6403 2 года назад

    Hi Mam, kindly explain RMA in Banking and if two bank does not have RMA how to create RMA between.

    • @ShuddhDesiBanking
      @ShuddhDesiBanking  2 года назад

      www.bankon.school/s/store/courses/description/SWIFT-Message-Types-MT-MX-ISO-20022

  • @shankarn2198
    @shankarn2198 4 года назад +1

    thank you so much

  • @revathya9794
    @revathya9794 3 года назад

    Great information video.

  • @PharmacyAdda
    @PharmacyAdda 3 года назад

    Mam if i don't use branch code in swift code. So will my money come?

  • @donaldsakala2084
    @donaldsakala2084 2 года назад

    Awesome

  • @Gctcgctct-d2g
    @Gctcgctct-d2g 2 года назад

    Ma'am available bank with swift code in india

  • @Harjindersingh-gj8hl
    @Harjindersingh-gj8hl 3 года назад

    Is bank street adress important in wire transfers??

  • @Jretazo
    @Jretazo 2 года назад

    Not instant payment takes 3-5 days use ripple xrp for instant payment.

  • @lakshmanasamy4109
    @lakshmanasamy4109 2 года назад

    Super useful vedio

  • @s.ksamimkhan1469
    @s.ksamimkhan1469 2 года назад

    Nice

  • @fotofocus3245
    @fotofocus3245 3 года назад

    No Count on how Many MT 103 and 202 I've sent 🔥 , you should cover fields of Mt 103 , 202 and 202 cover

    • @ShuddhDesiBanking
      @ShuddhDesiBanking  3 года назад +1

      www.bankon.school/s/store/courses/description/SWIFT-Message-Types-MT-MX-ISO-20022

  • @meddelavegaz5153
    @meddelavegaz5153 2 года назад

    Merci

  • @PharmacyAdda
    @PharmacyAdda 3 года назад

    Im staying in Bangalore

  • @sujatharamachandran909
    @sujatharamachandran909 4 года назад

    Cross border payment take week not in minutes unless if it is RTGS payment if iam not wrong pl clarify

  • @atulyabharat9690
    @atulyabharat9690 3 года назад

    Swift Bank wire transfer legal hai ya illegal??
    Foreign Trading platform k USD money ko "swift bank wire transfer" option k through withdrawal kr k SBI bank account me add kr skte hai Kya?? Illegal to nhi hai na??

  • @swapnilravindrapatil
    @swapnilravindrapatil 4 года назад

    Can you make some videos on RMA

  • @fluffyrambochiqui1836
    @fluffyrambochiqui1836 2 года назад +2

    Here after Russia was banned from swift

  • @arvindsarnaik6892
    @arvindsarnaik6892 4 года назад

    Swift code or I.M.T code is same

  • @alemgudeta7455
    @alemgudeta7455 Год назад

    Please help

  • @alemgudeta7455
    @alemgudeta7455 Год назад

    Please help account active commercial bank of Ethiopia

  • @rohangoenka5973
    @rohangoenka5973 4 года назад +1

    You are Bengali?

  • @LamajMusic
    @LamajMusic 3 года назад

    Soon all will be ripple network, buy xrp now its low

  • @PharmacyAdda
    @PharmacyAdda 3 года назад

    Plz reply

  • @LamajMusic
    @LamajMusic 3 года назад

    Swift is a ancient method 🤣🤣🤣🤣🤣.... Talk about crypto plzz..
    Only verry verry old people use swift.... The ancient trade 🤣🤣🤣🤣🤣🤣🤣🤣

  • @rohangoenka5973
    @rohangoenka5973 4 года назад +1

    You got a Bengali accent

  • @vivekchaturvedi5441
    @vivekchaturvedi5441 2 года назад

    .

  • @DepartmentofTreasury-kh2mt
    @DepartmentofTreasury-kh2mt 2 года назад +1

    That indian accent kills the message

  • @allanlicudjacildo3019
    @allanlicudjacildo3019 2 года назад

    I'll explained to you why we given SANCTIONS to swift i alredy explain this and this is the second time if you only known is the safety and award winning of swift in there service ok but if I'm one of the judges I will not hand those awards into there company I will explained to you there issues and also you will be wake up upon this explanation mam..
    No1: if you are a government and bank security holder of funds and other private and classified TRANSACTIONS to insure the security of user registered in there system.
    (You need only use 1way systems) one way meaning encrypted transaction end to end meaning of end to end. Ones you finished the transaction log in and log out issues not applied because its already been encrypt en end crypt securing and untraisable DELIVER to your connection and safely log out automatically all security of safety use has been installed into there generating system.
    2nd this is explained of use and Mis use then became security issues treat thats why pay attention..
    As a security safety and privatisations address rules address into there system they also guiding you to first step how to use there platform what the use of there cookies and what is there job..
    There system also have a records of mis use or illegal job incidents hacking incident records... They will updat e the victims instantly or giving byou warning instantly upon opening or initiating your activities.. There company's have also security watchers 24/7 to insure the security of there private user.
    All security hassbeen applied into there company how wonderful company thats why they receive awards I'm proud because there's a 1company succeeded a secure services in online transactions.. To others
    See why I say those words..?my be I experience a errors in there services.. Yes that is true.. Now I explained to you there problems.. Aka your company..
    No1 issues imitating there. Practices in our operational system
    Providing you a second sites for your important TRANSACTIONS
    This respecting the private user upon registrations either they explained there sides.
    Then forgiven has been given accepting there explanations
    But many offensive action has been initiated again that suppose to be they are guarding those offensive. Then suddenly letting the hacker to enter my accommodation and successfully initiated there objectives.. You know asking the permission of the OWNER must be applied into that matter but they decided with there own there REASON that country bring there flags and that is U.S GOVERNMENT.. HOW COME THE GOVERNMENT CAN DO WHAT EVER THEY WANT TO DO TO A PRIVATE PERSON REGISTERED INTO THERE SYSTEM . I BEEN PUBLISHED MY RULE'S AND SANCTIONS TO THOSE COUNTRIES BEFORE. (unbiased ACTIONS.,) THAT THEY OUR MARKETS SUFFERED A PROBLEMS IN SYSTEM WE ALSO LOST OF PROFITS. BECAUSE OF THEM MY ACCOMMODATION BECAME UNSTABLE.
    3RD THEY GIVEN TO THE GOVERNMENT OF UNITED STATE A 100% FULLY OPERATIONS TO USE THERE PLATFORM ..
    DO YOU THINK THAT IS LEGAL GIVEN YOUR SERVICES TO GOVERNMENT TO INSURE THEY CAN openly DO THERE JOBS FOR REASONS. MEANING THERE SWIFT COMPANY SECURITY IS USELESS WHEN IT COMES TO U.S
    AND THEY KEPT CONTINUING THERE PRACTICES EVEN THEY KNOW THE ISSUE'S. SWIFT COMPANY IS A SHIT HAVE YOU READ MY SANCTIONS TO THERE COMPANY. 100% I WILL DO IT BECAUSE THEY ARE FAKE BIAS COMPANY. I WILL REMOVED THERE LICENSED AS A PROVIDERS OF SECURITY.
    BECAUSE PERSONALLY I BEEN EXPERIENCE THERE DISRESPECTFUL ACTION BIAS MOVEMENT AND SALE YOUR SAFETY USE INTO THERE SWIFT SYSTEM..
    HOW MANY $ OF BILLIONS I LOST. THAT DAY MANY OPERATIONS HASS BEEN INTERRUPTED BECAUSE OF SECURITY PROBLEM. THE WORSE I BEEN CONTRACTED TO SWIFT. PHILIPPINES ALSO LOST OF FUNDS THAT DAY GUEST WHAT WHO'S THE CRIMINALS UNITED STATE OF AMERICA GOVERNMENT.
    DO YOU THINK WE CAN STILL TRUST THEM.
    NOW GIVE ME A PERFECT ANSWER.
    YOU KNOW MAM IF YOU ONLY KNOW CERTAIN knowledge DON'T ACT LIKE YOU KNOW IT ALL. OK BECAUSE YOU GIVEN A PEOPLE A DISINFORMATION AND UNSAFETY USE AND YOU ARE PROMOTING A NAME IF CRIMINALS..
    YOU KNOW MAM JUST TAKE THIS AS A FRIENDLY CONCERNS..
    IF YOU LOVE YOUR FAMILIES STAY OUT OF THE ISSUES. NO1 YOU WILL BE CHARGE OF CYBER CRIMES. SPREADING OF FALSE SAFETY USE PROMOTING A UNSECURED COMPANY WE CAN USE THIS VIDEO AGAINST YOU. DO YOU KNOW HOW MUCH MY DEMANDS PAYMENTS 50% OF MY ASSETS.
    MAM WE MUST RESEARCH FIRST BEFORE WE DELIVER OUR opinions OR ANYTHING YES WE HAVE A FREEDOM OF speech THOSE FREEDOM OF SPEECH HAVE A LIMITATIONS ANY WORDS YOU SAY against TO OTHER OR TRYING TO DEFEND A COMPANY HAVE A CRIMES CAN USE AGAINST TO YOU AS PROF OF EVIDENCE. PROTECTING A COMPANIES HAVE A CRIMES ISSUE'S INDICATES YOUR INVOLVEMENT. YOU NEED TO UNDERSTAND OUR LAW INTERNATIONAL LAW IF THE PERSONS SINCERE TO HIS FILED CASES EVEN YOU ARE EMPLOYEES IF THERE ARE EVIDENCE NO FORGIVENESS WILL BE GIVEN BECAUSE IN OUR LAW forgiveness IS NOT APPLICABLE.. forgiveness RECORDED ONLY TO OUR BIBLE AND COMMONLY USE FOR SIMPLE MISTAKES.
    IF FORGIVENESS IS PART OF THE WE DON'T HAVE JAIL AND SANCTIONS TO ALL CRIMINALS.
    DO YOU WANT MAM GOVERNMENT WILL ADD FORGIVENESS TO OUR LOCAL government LAW.. ILL GIVE YOU A example WHAT IF THEY RAPE YOU CHILDREN AND THEY KILLED IT AND YOU SAW THE INCIDENT.
    AND OUR LAW HAVE A FORGIVENESS. DO YOU WANT THE CRIMINALS WILL GIVEN THOSE forgiveness.. YOU KNOW MAM IF FORGIVENESS HAS BEEN APPLIED TO OUR AND THAT IS THERE FIRST OFFENCES OF CRIMES
    THAT IS APPLICABLE USE ONE TIME (,YOU CAN GIVEN A FORGIVENESS ONE THEM THAT IS THE common USE OF WORDS OF FORGIVENESS. SECOND OFFENSIVE WOULD BE CHARGE AUTOMATICALLY DO YOU WANT THAT SYSTEMS.. YOU KNOW MAM ANYTHING IS IMPOSSIBLE WHEN IT COMES TO LAW. THEY CREATED THE LAW TO DELIVER JUSTICE NIT PROTECTING THE CRIMINALS.
    THATS WHY MAM BE cautious. THINK FIRST BEFORE UPLOAD
    GOD BLESS MAM HOPE THIS NOTE CAN GIVE YOU A SMALL HINT OF KNOWN