PrivatBank simplifies international transfers: what has changed for clients.

PrivatBank simplifies international transfers

According to inkorr.com: PrivatBank has announced new changes that will ease the process of international transfers for clients. The bank's press service reported this.

The bank is implementing the new SWIFT ISO 20022 standard for international transfers, which will allow Ukrainians to perform financial operations abroad faster and more conveniently. This will simplify the process of sending and receiving funds, reduce possible delays, and improve control at all stages of the transactions.

Maria Strashko, who heads the transfers department at PrivatBank, stated: 'The implementation of this international standard is another step in the development of the bank's payment system. We are constantly improving our services to ensure maximum convenience, speed, and quality of client service.'

Users will receive the following benefits:

• Fast processing of transfers.
• Reduced risks of transfer returns or blocks.
• Improved tracking of transfer status.
• Full transparency of all details and fees.

PrivatBank also uses SWIFT gpi technology for online tracking of international transfers. According to the bank, over 40% of transactions are completed in less than 5 minutes, and most are completed within a day.

Thus, PrivatBank is implementing innovations in international transfers that will help clients conduct financial operations abroad faster and more conveniently. This step is part of the bank's strategic efforts aimed at continuously improving service and ensuring maximum comfort for its clients.