What is SWIFT (Shared) and SWIFT (Ours)?

SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes. 

What is the difference between ‘Shared’ and ‘Ours’ charge type? 

  • Shared (SHA): The intermediary bank charges are deducted from your payment amount. As a result, the payment amount received in the beneficiary bank account may be less than the full amount expected.
  • Ours (OUR): The intermediary bank charges are covered by you (as the sender) and not deducted from the payment amount. Your beneficiary receives the full payment amount but you will be charged a higher payment fee to cover the intermediary bank charges. This option is not available by default for payments as charges vary by country. Please contact us if you need to use OURS during a SWIFT payment.
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