SWIFT & the Banking System
Over 40 years ago, 239 banks from 15 countries gathered to solve a problem- how can they communicate with each other in a financial manner.
The solution was a Worldwide Interbank Financial Telecommunication, or simply- S.W.I.F.T.
The collaboration between GMT and S.W.I.F.T was formed in order to provide you, GMT’s clients, with the ability to make a bank deposit to any destination easy, fast and keep the price affordable.
GMT’s in-house system is directly linked to S.W.I.F.T, making sure delays & interruptions are out of the way.
SWIFT transfers are executed by the banking system and reach the destination account around the world within 3 to 5 business days.