International transfer via SWIFT

individuals payments and transfers international transfer via SWIFT

Network

Worldwide

Duration

1-2 days

Currency

EUR, USD, GBP, CHF, MDL

about

Transfer currency	EUR, USD, GBP, CHF, MDL
Network	Over 200 connected countries; Over 10,000 connected institutions;
Maximum amount allowed per transaction	EUR 10 000 or equivalent in another currency
Commission	When making the transfer from abroad to your current account, thehe paying bank and the intermediary banks may deduct a commission from the amount of the transfer, depending on the specified conditions: OUR - transfer fee from the payer's account; BEN - commission for transfer from the beneficiary's account; SHA - transfer commission from the payer's and beneficiary's account; FULLPAY-USD - fullpay fee for dollar transfers, paid in full by the payer. See the Rates and Commissions page
Transfer execution time	1 - 2 days
Advantages	Low costs. If the banks from which the transfer is made correspond, the costs vary from 0.5% to 1% of the transfer amount; Possibility to choose any currency for transfer; Security when performing the transfer, because all operations are computerized and run automatically; Possibility to make a transfer to both individuals and legal entities; High value transfers can be made via SWIFT transfers.

details

The transfer via SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a financial transaction between two banks in different countries. The money is not sent physically but virtually based on a message sent from one bank to another. This way, you can send money anywhere in the world in a different currency.

For example, if you want to transfer money to a friend in the United States, you only need to know his account and bank. Based on this information, maib will send a message to the U.S. bank. The bank debits the money to your friend's account as soon as the message is received.

How to transfer money to a bank account via SWIFT?

Come to any unit with your I.D. card and open a current account in the transfer currency;
Communicates to the operator the bank supplies of the beneficiary:

1. the name of the bank;
2. the bank's SWIFT code;
3. bank account (in IBAN format for European countries);
4. name and surname;
5. home address.

Deposit the amount of the transfer and the commission on the current account;
You receive the payment order in foreign currency;
Checks the beneficiary's data;
After confirmation by signature, the payment order is executed. A copy of the payment order remains in possession of the payer.

How do you receive money from a bank account through SWIFT?

To receive a money transfer via SWIFT, you must open a bank account in the currency of the transfer and send the bank supplies to the payer:

the name of the correspondent bank of B.C."MAIB" S.A. for the desired currency;
SWIFT code of the correspondent bank;
name of the beneficiary bank: B.C."MAIB" S.A. Chisinau Moldova;
SWIFT code of the beneficiary bank: AGRNMD2X;
your current account in IBAN format;
your first and last name;
your home address.

Cancellation/return of a money transfer sent via SWIFT

Cancellation of a money transfer via SWIFT can be performed only by the bank operator and only at the maib unit where the operation was carried out, but provided that the money was not transferred to the beneficiary's account. For this:

You approach the MAIB unit with a valid identity card;
Present the payment order in foreign currency to the operator and inform him that you want to cancel the transfer;
Fill in the request to cancel the transfer via SWIFT and deposit the amount of the transfer cancellation fee in the current account, amounting to EUR 30 (depending on the currency of the transfer).

Please note that:

The transfer can only be canceled with the consent of the beneficiary. For this reason, we recommend that you have the beneficiary's consent before initiating the procedure for cancelling the transfer.
Following banking practices, the amount of the returned transfer is lower due to the fees charged by the beneficiary bank and the corresponding banks.

commission fees

See the page Rates and commissions page

correspondent banks

Bank details for SWIFT transfers

Standard settlement instructions for making international transfers to current accounts/card accounts opened at maib or with the indication of the identity card.

For USD transfer

Beneficiary:	Name, surname
Account nr.:¹	IBAN code corresponding to account number
Beneficiary Bank:	BC “MAIB” SA Branch name SWIFT: AGRNMD2X
Correspondent bank:	ACC. NR. 890-0223-103 BANK OF NEW YORK NEW YORK, USA SWIFT: IRVTUS3N

For EUR transfer

Beneficiary:	Name, surname
Account nr.:¹	IBAN code corresponding to account number
Beneficiary Bank:	BC “MAIB” SA Branch name SWIFT: AGRNMD2X
Correspondent bank:	ACC. NR. 000-55.012.470 Raiffeisen Bank International AG Vienna, Austria SWIFT: RZBAATWW

For GBP transfer

Beneficiary:	Name, surname
Account nr.:¹	IBAN code corresponding to account number
Beneficiary Bank:	BC “MAIB” SA Branch name SWIFT: AGRNMD2X
Correspondent bank:	ACC. NR. 83-55.012.470 Raiffeisen Bank International AG Vienna, Austria SWIFT: RZBAATWW

For CHP transfer

Beneficiary:	Name, surname
Account nr.:¹	IBAN code corresponding to account number
Beneficiary Bank:	BC “MAIB” SA Branch name SWIFT: AGRNMD2X
Correspondent bank:	ACC. NR. 73-55.012.470 Raiffeisen Bank International AG Vienna, Austria SWIFT: RZBAATWW

For MDL transfer

Beneficiary	Name, surname
Account no:	IBAN code corresponding to account number
Beneficiary Bank:	BC “MAIB” SA Branch name COD AGRNMD2XZZZ ²

frequent questions

All banks interconnected through the SWIFT network receive an identification code made up of 8 or 11 characters. This means that when sending money abroad, you need to know the SWIFT or BIC code, as it is also called, of the bank where the transfer is being made.

The first four characters of the SWIFT code indicate the bank's name, the next two represent the country's international code, and the last ones indicate the locality's code. If the code contains 11 characters, the final ones represent a specific branch of the bank.

To receive money from abroad, you must provide the SWIFT code to the sender. This code is usually indicated on any bank statement, but you can also request it at any maib branch.
To make a transfer, you will also need the SWIFT code, which you can request from the beneficiary or find online. For example, you can use the Wise platform to identify and verify the SWIFT code needed for the transfer.

The processing time of a SWIFT transfer is primarily influenced by the time of initiation and the currency used for the transfer. Transfers in euros within the Single Euro Payments Area (SEPA) are typically faster than those in other currencies, which may take 1 to 3 days, with some transfers potentially requiring up to 5 days. To expedite the process, initiating the transfer earlier in the day is recommended.

When making an international money transfer, the final cost depends on the sum of the three fees charged: the maib bank fee, the SWIFT fee, and the correspondent bank fee. For the correspondent bank fee, you have the option to choose how to share the costs between you and the recipient, as there are three options:

OUR option – the fee is covered by the person initiating the transfer;
SHA option - the fee is shared between the sender and the recipient;
BEN option – the fee is covered by the recipient.

SEPA (Single Euro Payments Area) is a payment system used for euro-based, cashless transactions, available in EU member countries and a few other states (Switzerland, Norway, and Liechtenstein).

Through SEPA, euro payments within Europe are processed faster and more easily.