How to transact USD via Swift?
Deposit and withdraw USD via Swift at Xapo Bank. Learn how to add funds, send transfers, processing times, supported currencies, and Swift fees.
How to deposit USD to Xapo Bank via Swift
You can deposit USD via Swift network by clicking on “Add funds” button and selecting “US Dollar” option. Then click on “Swift”.
Can I deposit USD via Swift to Xapo Bank from another account that is not under my name?
Yes, we can accept such deposits.
Can I deposit other currencies via Swift network to Xapo Bank?
We support only USD deposits via Swift network. Depositing other currencies will result in a 0.5% additional fee charged for the conversion to USD, and the deposit won’t be processed automatically. We don’t recommend depositing other currencies.
How to withdraw USD via Swift?
You can withdraw USD via Swift network by clicking on “Send” button at the home screen, select “Bank transfer” and “US dollar” and then click on “Send via Swift”
How long does it take to process a Swift withdrawal?
Processing Swift transactions depends on various factors such as destination bank, initiation time, transaction amount and others. If you initiate a Swift withdrawal before 4:30 pm UK time, except weekends and public holidays, the transaction will be sent to the Swift network on the same day. If you initiate a Swift transaction after 4:30 pm UK time, the transaction will be processed on the next business day. Usually, it takes around 3 business days a withdrawal to be credited to the recipient’s account.
What are the fees for depositing and withdrawing USD via Swift?
Depositing USD via Swift network to Xapo Bank costs 0.3% of the deposit. This fee doesn’t represent a profit for Xapo Bank.
Withdrawing USD via Swift network costs 0.2% plus the USD equivalent of GBP 25.
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