Wire Transfer Online
An online wire transfer is a method of electronically transferring funds from one bank account to another through an online banking platform or a mobile app. This process typically involves providing the recipient’s account information, including their account number and the bank’s SWIFT code, as well as any other necessary information such as the bank’s name and branch location. You may also need to have the recipient’s name, IBAN number and the bank’s BIC/SWIFT code. Once the information is entered, the funds will be transferred to the recipient’s account. The process usually takes a few business days to complete and some fees may apply. It’s important to check with your bank or online banking platform to confirm their specific requirements and fees for online wire transfers.
RemitM is registered with the Information Commissioner’s Office (ICO), the UK’s independent authority set up to uphold information rights in the public interest.
All clients’ funds are held in a dedicated client account separate from RemitM’s funds, in line with our regulatory framework and consistent with good practice.
We earn no interest from holding client funds, as your payments and transfers are not held by us and are remitted to recipients upon receipt.
Your data is transmitted in a secure way and all password data is encrypted.