How Do International Money Transfers Work?

1.Sending the Transfer
You start by entering the recipient’s details and the amount online or through an app. The platform or bank handles the rest, including currency conversion if needed.

2. Currency Conversion & Routing
If you're sending money in USD, the system converts your local currency at a real-time exchange rate, often showing it before you confirm. Then, the transfer is routed through banking networks like SWIFT, SEPA, or clearinghouses to reach the recipient’s country .

3. Delivery to Recipient
Funds arrive either in the recipient’s bank account, mobile wallet, or can be picked up in cash. Depending on the service, transfers can take minutes to several business days.

Final Thought
An efficient international money transfer today is about speed, transparency, and flexibility. Global money transfer done through smart tools like virtual USD account and USD account offers users smoother, cost-effective transactions across borders.When you want a user-friendly solution that lets you hold, send, and receive USD globally with clear fees, fast processing, and strong security EFIcyent offers this capability through its virtual USD account platform for modern global money transfer.Do check it out if you are Interested-https://eficyent.com/individual