1. What are the advantages of SWIFT transfers?
- The system uses a wide range of currencies.
- High reliability in preserving confidential information is ensured by a wide range of organizational and technical measures.
- Widespread and popular in the world, it allows you to make payments to almost any country.
- Tariffs are lower than other systems.
2. Which countries cannot be sent a SWIFT transfer?
The Bank does not send funds to the countries of Iran, DPRK, Nicaragua, Russia, Myanmar, and Belarus. The Bank may also refuse to send a transfer to other countries if it is found during the verification of the details that it is not possible to do so (restrictions on the recipient's country, negative information about the recipient, restrictions within correspondent banks, etc.).
3. Requirements for details of SWIFT transfers.
Details for sending a SWIFT transfer must contain the following information:
For transfers in USD, EUR, PLN, GBP, CHF, CAD, CNY, CZK currencies:
- details of the payee's account: name/name of the payee, bank name, bank address, account in IBAN format, SWIFT code;
- recipient's address;
- purpose of payment;
- details of the correspondent bank (there may be an additional request from the bank).
4. How long will it take for the transfer to be delivered?
The customer himself determines the urgency of the transfer. For urgent transfers, the duration of the operation can range from several minutes to 1 day (there is a separate fee for urgent transfers). The standard time for receiving a transfer is from 1 to 3 days (if the details are correct and complete).
SWIFT transfers, like all other operations, are checked by banks for compliance with financial monitoring requirements, compliance with sanctions requirements, and therefore it is always important to provide complete and reliable information regarding the transfer and its participants in order to avoid possible questions from other banks and related delays in implementation transfers.
5. What can be the purpose of sending a SWIFT transfer?
5.1. In the mobile application from a foreign currency account, within the limit of 400,000 UAH for the last 30 days:
- For expenses related to treatment in medical institutions and transportation of patients.
- Transferring tuition fees to the accounts of educational institutions in a foreign country.
- Payment of alimony abroad.
- Contributing to the defense capability of Ukraine, up to a monthly limit of 400,000 UAH (equivalent at the official NBU exchange rate).
Such goods include bulletproof vests, helmets, helmets, military and tactical uniforms, military and tactical footwear, protective clothing, optical surveillance devices, unmanned aerial vehicles, sleeping bags, mattresses, and first aid equipment.
- Between own accounts in another Ukrainian bank.
- Assistance to relatives to an account in another Ukrainian bank.
5.2. In the mobile application with the participation of a UAH account, within the limit of 400,000 UAH per month. 30 days:
- For expenses related to treatment in medical institutions and transportation of patients.
- Transferring tuition fees to the accounts of educational institutions in a foreign country.
- Payment of alimony abroad.
To do this, you must have a UAh account with the required amount, an account in the currency of the transfer, as well as all the necessary documents confirming the purpose of the transfer.
5.3. At the bank's branches:
- For expenses related to the death of citizens, treatment in medical institutions, and transportation of patients.
- Transfer tuition fees to educational institutions' accounts in a foreign country.
- Payment of alimony abroad.
- Between own accounts in another Ukrainian bank.
- Assistance to relatives to an account in another Ukrainian bank.
- To a special account of the National Bank of Ukraine for raising funds to support the Armed Forces of Ukraine and/or to accounts of the Cabinet of Ministers of Ukraine, ministries, and other government agencies of Ukraine.
- To purchase certain goods abroad within the monthly limit of 400,000 UAH (equivalent to the official NBU exchange rate). These goods include bulletproof vests, helmets, helmets, military and tactical uniforms, military and tactical footwear, protective clothing, optical surveillance devices, unmanned aerial vehicles, sleeping bags, mattresses, and first aid equipment.
6. What documents can confirm the purpose of sending a SWIFT transfer, and what should they contain?
6.1. The list:
- agreements (contracts), invoices;
- letters of settlement or letters-messages of legal entities – non-residents, authorized bodies of foreign states, letters of lawyers or notaries of foreign states, statements of claim;
- invitation, family relationship documents or their duly certified copies;
- other supporting documents that are used in international practice.
6.2. Supporting documents (except for documents on family relations) must contain the following details:
- full name and location of the payee;
- the name of the bank and the details of the account to which the funds are transferred;
- the name of the currency and the amount to be paid;
- the purpose of payment.
6.3. If the supporting documents are in a foreign language, the bank shall be provided with their translation into Ukrainian, certified by the client personally or by a notary. If the translation is certified in person, it must contain the text "Translated by me", as well as the name, signature , and date.
7. What documents must be provided to confirm the sources of origin of funds for sending a SWIFT transfer?
7.1. Information/documents on determining the financial condition of a customer – an individual:
- declaration of property and income with a mark of the controlling body of Ukraine on its receipt;
- information received by the customer in accordance with the procedure established by the legislation of the relevant state body on income received in the corresponding year and taxes paid on these incomes (for example, a certificate from the pension fund –OK-7 form);
- tax declaration (declaration of income) marked with a mark of the controlling body of a foreign state on receipt (if any);
- FUIB statement on the amount of wages received;
- a certificate from an authorized bank of Ukraine, certified by a seal, on the amount of wages received.
7.2. Information/documents confirming own financial capabilities, sources of origin of the person's own funds and other assets, availability, placement, and/or use of the customer's assets, which make it possible to conduct or initiate a financial transaction for an appropriate amount:
- the real estate lease agreement is registered with the fiscal service (income for the current tax period is accepted);
- contracts, notarized, from the sale of real estate, made no later than the last 3 years (if the requirements of the legislation on the implementation of non-cash payments in national currency are met, which are confirmed by an extract from the bank);
- documents confirming the payment of dividends (protocol decision of the owners + financial statements of the legal entity and statutory documents);
- an agreement on the provision of financial assistance/a loan received from a legal entity or an individual, subject to the provision of documents confirming the financial ability of a legal entity/individual to provide such assistance;
- contracts of donation of material values, notarized;
- notarized certificate of the right to inheritance (funds in current accounts, including deposits in another bank).
7.3. Information/documents confirming the economic feasibility (content) of such a financial transaction (for example, documents confirming the actual residence of the individual payee of funds in the country of receipt of the transfer).
8. How to send a SWIFT transfer?
8.1. In the PUMB mobile app, select the menu Payments - International transfers - SWIFT - Send transfer.
8.2. Contact a convenient outlet with the transfer details and supporting documents (if necessary).
the origin of funds (more about these documents) 