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Do you have to phone your oversea bank to authorize a SWIFT transfer?

Do you have to phone the oversea bank needed when you finalize a SWIFT transfer? 10 members have voted

  1. 1. Do you have to phone your oversea bank to authorize a SWIFT transfer?

    • Yes.
      0%
      0
    • No.
      25%
      2
    • Yes, but only if the amount is a large one (over USD 10 K)
      0%
      0
    • No, I can do everything online.
      75%
      6

Please sign in or register to vote in this poll.

Featured Replies

If you do, could you please indicate the bank and the country. 

 

Are there any banks that allow the use of a detailed video message as an authorization?

 

How many can do this online?

I've only done SWIFT twice but yes, I had to call my US bank (a credit union) and go through a fairly predictable series of verification questions. 

 

Don't recall any options about videos.

Depends, some banks require a standing order for a SWIFT transfer and a verification telephone call, some require you to submit a form via secure bank email 

 

All want something in writing to insure that the information is correct 

I can make transfers to existing payees online with no additional verification.

 

In order to set up a new payee the bank phones me (automated system) and I enter a verification code into the phone. This is Lloyds International (Isle of Man).

 

"I don't want to know why you can't. I want to know how you can!"

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