The world is now a global village.This concept of a global village has allowed for a rapid exchange of ideas as well well as rapid trade in goods and services between people of different national geographical boundaries. As a developing country, South Africa is seeing more and more of its citizens and residents conduct overseas transactions. One institution which has stepped in to assist in this regard is FNB through the SWIFT overseas payments service.
Society for Worldwide Inter-bank Financial Telecommunication (SWIFT) is an electronic method used by banks all over the world to correspond with each other in a secure and standardised way.
By using SWIFT with FNB, you can pay for your childrens overseas schooling, send someone overseas a gift, make an overseas donation, purchase something from another country, send out R4 investment allowance and receive a payment from someone outside South Africa in a foreign currency.The SWIFT service from FNB is a must have if you need to make a payment to an overseas beneficiary, whether its a friend, family member or third party organisation.
To access this innovative facility, FNB can be contacted on 087 575 9404.