How long do international bank transfers take

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People care about transfer times because money often needs to move quickly. Travelers need funds, expats often send money to family, freelancers rely on payments from clients, and businesses must cover expenses on time. However, transfer times vary widely depending on the transfer method. Some app-based services can move money within minutes, while traditional banks may take anywhere from two to five business days or longer.

International bank transfers depend on several factors, such as sending and receiving banks, the countries involved, and the currency being exchanged. Each step in the process can add extra time, especially when intermediary banks are involved.

This article will explain how long does international money transfers take, why delays happen, and what faster alternatives exist.

What is an international bank transfer?

An international bank transfer is the process of sending money from one country to another through banks. Most international transfers use the SWIFT network, which connects thousands of banks worldwide. Through the SWIFT system, the sending bank communicates with the receiving bank, sometimes routing the transfer via one or more intermediary banks. Each intermediary introduces an additional step, potentially lengthening the overall transfer time.

The length of time depends on several factors. One must consider the method used to send money. Some banks process requests within one business day, while others may take two to five days. Currency exchange also plays a role, as transfers in less common currencies may require more time for conversion.

Additionally, choosing the right financial institution is equally important. A large international bank may have direct links with overseas partners, which can speed up the transfer. Similarly, a smaller institution may need to rely on intermediaries, which slows the process. In contrast, money transfer apps or digital platforms often bypass these steps and complete transfers within minutes.

It is important to understand how the process works to help set realistic expectations. International bank transfers remain a secure way to send money abroad, but they are not always the fastest. Keep in mind the factors that influence timing, the nature of your business, and the payment method that best meets their needs.

How long do international bank transfers take?

International bank transfers do not follow a single timeline. The speed depends on the provider, the countries involved, and the currencies used. Some transfers reach the recipient within minutes, while others may take several business days. Weekends and public holidays in either country do not count toward processing times.

The sections below explain how transfer times vary by method. Bank wires, same network transfers, digital providers, and money transfer services all work differently. Comparing these options helps identify which method fits a specific need best.

Bank wire transfers (SWIFT)

A bank wire transfer using the SWIFT network is one of the most common ways to send money internationally. This system links thousands of banks worldwide and relies on a secure messaging process to move funds. However, this method often takes more time than newer digital solutions.

A typical international wire transfer time is between 1-5 business days¹. Transfers from the United States to Europe usually take one to three business days, while transfers to Africa or Asia often take longer. Each extra step in the process, such as the involvement of intermediary banks, adds more time.

Weekends and public holidays are not counted as processing days. For example, a transfer initiated on Friday may not reach the recipient until the following week. Also, currency conversion can slow things down, especially when less common currencies are involved.

Despite these delays, wire transfers remain a trusted method. They offer strong security and are widely accepted by businesses and financial institutions. However, the slower speed and higher fees compared with other methods make them less convenient for urgent needs.

That is why it is important to plan ahead when using wire transfers. Consider the time for the funds to clear, particularly when payments are tied to contracts, invoices, or time-sensitive obligations.

Transfers within the same banking network

Transfers made within the same banking network are usually faster than standard international wires. A bank with branches in multiple countries can move funds internally without relying on outside intermediaries. This structure allows for quicker communication and reduced processing steps.

For example, a transfer from Citibank in the United States to Citibank in Mexico often completes within the same day or by the next business day. This speed is possible because the transaction remains within the same system. However, currency conversion may still add time, particularly when the bank must source or exchange funds in a lower-demand currency.

One must also consider the role of compliance checks. Even within the same network, banks must follow strict rules to prevent fraud and money laundering. These checks can occasionally hold a transfer, though delays are generally shorter than those seen in standard SWIFT transfers.

This method works well for individuals or businesses that already use a global bank. For example, a company with offices in several countries can streamline payments by staying within one provider’s network.

While not as fast as some fintech services, transfers within the same banking group balance speed, reliability, and security. They can be a good middle ground for people who prefer working with banks but want faster delivery than traditional wire transfers allow.

Digital banks and fintech providers

Digital banks and fintech providers have reshaped how international money transfers work. Instead of routing payments through multiple intermediaries, these services often connect directly with local banking systems. This approach reduces delays and makes transfers more predictable.

Most digital transfers are complete within 1-3 business days², depending on the country, currency, financial institution, and delivery method. Transfers in major currencies like dollars, euros, or pounds usually settle faster than those in minor currencies. Many providers also give clear estimates before a transfer is made, which helps customers plan in advance.

Transparency is another advantage. One must note that traditional banks sometimes add hidden fees or markups on exchange rates. Conversely, fintech providers often display all costs upfront, including exchange rates, which allows users to see exactly what the recipient will receive.

For freelancers, digital platforms can be especially useful. A client can send a payment that arrives in hours rather than days. For families, these services reduce waiting times when money is needed urgently. While digital banks offer speed, users must still check provider reliability.

Money transfer service

Money transfer services offer another way to send money abroad, often with faster delivery than banks. BOSS Money is one such provider that allows funds to reach recipients within minutes. The exact speed depends on the chosen payment and delivery method. For example, cash pickups often process immediately, while transfers sent to a bank account may take longer.

One must also look at cost. BOSS Money positions itself as a cost-effective option, often charging less than traditional banks. Their clear pricing and competitive exchange rate policies help users know the final amount the recipient will receive. This transparency builds trust and allows people to plan with greater certainty.

BOSS Money works well for those who need quick access to funds. A family member sending emergency support abroad benefits from the near-instant availability of cash. Businesses can also use the service when faster delivery is required for suppliers or partners.

Another advantage is flexibility. The service allows different funding options, such as bank accounts, debit cards, or cash deposits, which means senders can choose what suits them best. Recipients can also select how they want to collect money, giving them added control.

These features enable BOSS Money to stand out as a practical option for many transfer needs. Users who prioritize quick delivery without paying high banking fees may find this service a valuable alternative to more traditional methods.

Why do international bank transfers take so long?

International bank transfers often take longer than people expect. A payment that moves within hours domestically may require several days when sent abroad. The delay comes from a series of steps that banks and financial systems must follow to move money securely across borders. Each step adds time, and when combined, they explain why transfers are rarely instant.

Banking hours and cut-off times

A bank only processes transfers during its operating hours. One must also note that every bank sets a daily cutoff time. Transfers requested after that deadline roll over to the next business day. This schedule alone can add an extra day to the process.

Time zones and weekends

Different time zones create further delays. A transfer sent in the evening from New York may not reach London until the next morning. Weekends and public holidays in either country also pause processing, which extends waiting times.
Intermediary banks

Many transfers move through one or more intermediary banks before reaching the final destination. Each intermediary must review and approve the payment. This review adds extra steps that can slow delivery.

Anti-fraud and security checks

Banks must follow regulations designed to prevent money laundering and fraud. Compliance checks, such as AML and KYC reviews, may delay the transaction as they protect both sender and recipient.

Currency exchange and double conversions

Currency exchange also affects speed. A transfer in major currencies often clears quickly, while a less common currency may require double conversion. Each conversion introduces another step, which extends the timeline.

How to speed up an international transfer

International transfers often take a long time, but there are practical steps that can reduce waiting time. The key is to understand where delays occur and choose options that minimize them.

A sender should always send money during banking hours. Transfers requested after a bank’s cut-off time will not begin until the next business day. This basic step prevents a transfer from being held over a weekend or holiday.

Use the same banking network when possible. A transfer between two accounts in the same international bank, such as Citibank in the United States and Citibank in Mexico, usually processes faster. Internal transfers avoid intermediary banks, which are often the cause of delays.

It is wise to double-check recipient details before confirming the transfer. Incorrect account numbers or names can cause the transfer to be rejected, which restarts the process and adds several days. Careful review at the beginning ensures that money moves without disruption.

Senders can also consider alternative providers when speed is important. Traditional bank wires can take several days, but services like BOSS Money deliver funds within minutes, depending on the method chosen. This option works well for urgent transfers where the recipient needs quick access to cash.

FAQs

How long does it take for an international bank transfer?

An international bank transfer usually takes between one and five business days, depending on the banks, countries, and currencies involved.

Can international bank transfers take longer than 5 working days?

Yes, transfers may take longer if intermediary banks are involved, if compliance checks are required, or due to the use of uncommon currencies.

Why do wire transfers take so long?

Wire transfers pass through several steps, including banking hours, intermediary banks, security checks, and currency conversion, which all add time.

How long does a SWIFT transfer take?

A SWIFT transfer typically takes one to three business days for common routes but may extend to five days or more for certain countries.

Are international bank transfers safe?

Yes, international bank transfers are generally safe. Banks use secure systems like SWIFT and follow strict anti-fraud and compliance rules.

What if my international bank transfer is not received?

If a transfer is not received, the sender should contact their bank with the reference number. The bank can trace the payment and resolve the issue.

Conclusion

International transfers take different amounts of time depending on the method chosen. A bank transfer through the SWIFT network usually takes one to five business days, especially when intermediary banks or currency exchange are involved. In contrast, a fintech provider can deliver funds within 24 hours, often faster when common currencies are used. Services like BOSS Money can move money almost instantly, with cash pickups available within minutes, depending on the option selected.

However, delays in international payments are common because banks and providers must carry out security and compliance checks. These checks protect both the sender and the recipient, even though they add time to the process. The good news is that faster options exist for those who cannot wait several days. It is important to compare available choices and choose the one that offers the right balance of speed, cost, and reliability.

Sources: all third party information obtained from applicable website as of August 21, 2025

https://stripe.com/resources/more/how-long-do-international-payments-take-what-to-know-about-international-wire-transfers
https://ugpayments.ch/blog/eft-payment-processing-time/

This article is provided for general information purposes only and is not intended to address every aspect of the matters discussed herein. The information in this article is not intended as specific personal advice. The information in this article does not constitute legal, tax, regulatory or other professional advice from IDT Payment Services, Inc. and its affiliates (collectively, “IDT”), and should not be taken or used as such by any individual. IDT makes no representation, warranty or guaranty, whether express or implied, that the content in this article is current, accurate, or complete. You should obtain professional or other substantive advice before taking, or refraining from, any action on the basis of the information in this article.