Receive international payments from over 30 countries with WiseĪs we mentioned above, international payments can be blighted by inflated exchange rates and high bank fees. For major global currencies you may receive your money in a day or two, but it’s common to have to wait 3 - 5 days for the payment to arrive. The exact length of time it takes to receive an international payment depends on the currency and payment route. How long does it take to receive an international wire transfer? Your full name as shown on your bank account.Usually the details you need to give include: When you need to get a payment sent directly to your bank account from overseas, you’ll firstly have to give the sender your personal and banking details to make sure the money arrives safely. What information do I need to provide to receive a wire transfer? More on how to avoid this issue, coming right up. However, banks often add a markup to the rates they offer their customers, which can result in you getting less than you expect. That’s because the rate you’ll find from a reliable source online is likely to be the mid-market exchange rate - the best rate available, and the one used on global currency markets. You might find that there’s a difference between the exchange rate the sending bank offers, compared to the exchange rate you find on Google or using a currency converter tool. It’s also important to check the exchange rate that will be used by the sending bank when you calculate how much you’re expecting to receive. This may incur extra fees and exchange rate charges. It’s worth noting that international wires which are processed without the full information required - or with incorrect details - can be delayed or returned. Make sure you know - and do not exceed - the send limits.
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