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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?  

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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).

 

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