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Sending and receiving international payments (SWIFT)

Updated today

At wamo, we’ve removed the complexity from cross-border commerce. Our platform empowers you to trade, send, and receive payments in 22 different currencies and reach partners in over 50 countries—all from a single, intuitive dashboard.

Multi-Currency Strategy

We provide the specialized infrastructure needed for a global business:

  • Hold & Manage: Maintain dedicated sub-accounts in 5 primary holdable currencies: EUR, GBP, USD, DKK, and SEK.

  • Transact Globally: While you hold funds in our 5 main currencies, you can trade, send, and receive in a total of 22 different currencies, giving you the flexibility to settle invoices in your partner's local tender.

  • Fully Automated SWIFT: Our partnership with Banking Circle ensures that your international transfers are processed through high-speed, automated channels for maximum reliability.

How to Send an International (SWIFT) Payment

Sending funds globally is integrated directly into your daily workflow:

  1. Initiate: From your dashboard, select Send.

  2. Recipient Details: Enter the beneficiary’s banking information and the specific amount.

  3. Purpose: Select the payment purpose to ensure regulatory compliance and faster processing.

  4. Verify Eligibility: While we cover most major markets, we recommend checking our Country Eligibility List to ensure your destination is currently supported for direct payments.

Receiving International Payments


How to Receive an International Payment

To ensure your funds arrive swiftly and securely, follow these three simple steps when sharing your details with international partners:

1. Share Your LU IBAN

Provide your payee with your specific LU IBAN issued through Banking Circle. These IBANs are expertly tailored for high-speed international transactions.

Important Note for Finnish (FI) IBANs: Please be aware that Finnish IBANs are dedicated specifically to Euro transfers within the SEPA region. They are not equipped to receive international or SWIFT transfers. To accept global payments, simply generate a new sub-account in your wamo portal to obtain your international-ready LU IBAN.


2. Provide the Global "Address" (BIC)

Give your payees the Banking Circle BIC code: BCIRLULL. Think of this as the digital lighthouse that guides international payments directly to the correct financial institution.

3. Seamless Currency Conversion

Focus on your business, not the math. When an international payment arrives, our system automatically converts it into your account’s primary currency. No manual action is required on your part.

Supported Global Currencies

We support a vast array of currencies to ensure you can do business wherever opportunity arises.

Type

Supported Currencies

Cross-Border (SWIFT)

AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, ILS, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD, ZAR

Local Rail Payments

CHF, CZK, DKK, GBP (Faster Payments), PLN, NOK, RON, SEK (Batch), SGD

Premium Networks

AUD (NPP Instant), EUR (SEPA Instant/TIPS), GBP (CHAPS RTGS), SEK (RIX Instant)

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