How To Transfer Money From Forex To Bank Account

How to transfer money from forex to bank account

How to transfer money from forex to bank account

You can easily access this facility from any branch of the IndusInd Bank. You have to visit the branch and fill in a form for transferring money to overseas bank account.

You have to furnish details such as recipient's bank name, address, and account details along with the SWIFT code of the overseas bank.

How to transfer money from forex to bank account

The SWIFT code is a unique identification code and is critical to the entire process of wire transfer. These details will help the bank to determine where the money should be transferred.

Once this step is over, the bank will send a message to the receiving bank in the overseas country. This message is sent through a secured system.

How to transfer money from forex to bank account

After this, the funds can be transferred from your account to the overseas account. This is the most secure and fastest way to send money overseas.

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It is fast, depending on how early you submit your application and how fast the bank completes the entire process. The foreign currency that arrives are considered "cleared" funds so, there is no "hold" period for them.

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Sending money to overseas bank account usually takes one or two business days. IndusInd Bank offers Wire transfer of currencies such as British Pound Sterling, Japanese Yen, Australian, American, Canadian, and Singaporean dollars, Saudi Riyal, UAE Dirham, and Swiss Franc.

How to transfer money from forex to bank account