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Swift, a financial-messaging platform, said its new international money-transfer service is now live in the United States, with Bank of America Corp. and J.P. Morgan online with the service. The move follows recent launches in Canada and Germany.
Swift says the new service will show recipients the full transaction amount with no unexpected deductions. It offers the potential for most funds to be received within minutes, dependent on local banking-system support, and features upfront pricing, with all fees and the exchange rates known before the sender presses “confirm.” Actual funds move through participating financial institutions.
Initially, the messaging service will be available for payments from Australia, Brazil, China, India, South Africa, South Korea, Spain, and Turkey, Swift says. World Bank data show that remittances sent to recipients in the United States totaled $9 billion in 2025. As of 2022, U.S. senders sent $79.15 billion, nearly double the next-highest sending country, Saudi Arabia. at $39.35 billion.
“Swift’s framework is a meaningful step forward in providing greater transparency, speed and predictability for international transfers, and we look forward to helping bring these benefits—and greater choice—to our clients,” AJ McCray, BofA head of global payments products, says in a statement.
Swift’s entire network includes more than 11,500 participants in more than 200 countries.
