International supplier payments
Settle approved invoices with overseas suppliers using the beneficiary bank details, invoice reference and payment purpose needed for reconciliation.
International payments
Direct Bank Transfer (SWIFT)
Move eligible domestic and cross-border payments from your Prominence Bank account through supported bank-to-bank routes, with clear payment instructions, structured references and relationship support.
Multiple currenciesSupported currencies and corridors
Clear referencesPayment details for reconciliation
Transfer visibilityStatus and trace support where available
Bank-to-bank execution
A structured route for international payments
SWIFT is a global financial-messaging network used by banks to exchange standardized payment instructions. The message communicates the transfer details; the actual movement and settlement of funds take place through the relevant bank accounts, correspondent relationships and payment systems.
Prominence Bank clients can submit eligible payment instructions through the approved banking channel. Our team validates the account, beneficiary, currency, purpose and routing information, then prepares the transfer for the available corridor. This creates a clear process from instruction through release, routing and final status.
- Personal payments
- Business payments
- Supplier invoices
- Intercompany transfers
Designed around the payment
Transfer capabilities for real banking needs
The appropriate route depends on the account, destination, currency, beneficiary bank and available correspondent network.
Cross-border corporate transfers
Move eligible funds between related business accounts or counterparties, with consistent instructions and transaction records for treasury teams.
Personal international payments
Send eligible funds for property, education, family support, professional services or other documented personal purposes through supported corridors.
Professional and institutional fees
Pay legal, advisory, administrative and other service providers with a clear beneficiary name, invoice or matter reference and transfer narrative.
High-value instructions
Coordinate eligible higher-value transfers with a relationship team so currency, cut-off, supporting records and routing can be reviewed together.
Multi-currency settlement
Initiate transfers in supported currencies from the appropriate account, subject to account funding, foreign-exchange requirements and corridor availability.
From instruction to status
STEP 01
STEP 02
STEP 03
STEP 04
STEP 05
A clear transfer workflow
Each payment follows an ordered operational path so the instruction can be checked, released and tracked through the available banking route.
Prepare the instruction
Choose the funding account, transfer currency, amount, value date and payment purpose.
Add beneficiary details
Provide the legal name, address, account or IBAN, beneficiary bank and BIC/SWIFT code.
Validate and authorize
Review the details, applicable charges, balance and any records requested for the transaction.
Release and route
The bank sends the instruction through the supported payment and correspondent route.
Reconcile the result
Use the transaction reference and available status information to support follow-up and reconciliation.
Accurate payment data
Information that supports efficient routing
Complete and consistent details help the payment move through the intended route and reach the correct beneficiary account.
Beneficiary and bank details
The exact fields vary by destination and currency. A typical international instruction includes:
- Beneficiary identityLegal account name and address, matching the receiving bank records.
- Receiving accountIBAN where used, or the local account number and any required routing identifier.
- Beneficiary bankBank name, address and BIC/SWIFT code; an intermediary bank may also be required.
- Payment narrativeA concise purpose, invoice or contract reference that the beneficiary can recognize.
Instruction choices
Before authorizing the transfer, the client can review the operational choices made available for that payment.
- Currency and amountTransfer currency, debit account and any applicable foreign-exchange arrangement.
- Value date and cut-offThe requested execution date in relation to banking days and processing cut-offs.
- Charge optionOUR, SHA or BEN where the selected route supports those fee instructions.
- AuthorizationThe account authority and approved digital or written channel used to release the payment.
What shapes the route
Timing, charges and settlement
A SWIFT instruction is standardized, while the route and settlement experience can differ from one payment to another.
Processing time
Submission time, account funding, currency, destination, intermediary banks, local holidays and the beneficiary bank’s own processing can all affect when funds are credited.
Banking charges
Prominence Bank fees are shown under the applicable fee schedule. Correspondent or beneficiary banks may apply additional charges, depending on the route and selected charge option.
Currency conversion
If conversion is required, the available exchange rate and related charges are presented or agreed through the applicable banking channel before execution.
Payment reference
The transaction reference supports operational follow-up. Where available, a UETR or message confirmation can provide additional trace information.
Final credit
The beneficiary bank determines final account credit after receiving and processing the payment according to its own account and local-market requirements.
International payment route
Originating bankInstruction prepared and verified
Correspondent routeMessage and settlement coordination
Beneficiary bankCredit and status follow-up
Relationship support
Visibility for treasury and personal banking
Clients receive a transaction reference for the released instruction and can use approved banking channels to request available status information. For business payments, structured references make it easier to match invoices, counterparties and internal treasury records.
When a beneficiary bank requests clarification, an operations or relationship team can help coordinate the information needed for the transfer. Where the corridor supports enhanced traceability, the team can also use the available reference data to investigate the route and current status.
Helpful answers
Direct SWIFT transfer questions
What is the difference between SWIFT messaging and settlement?
SWIFT carries standardized messages between financial institutions. The funds themselves settle through the accounts and payment systems used by the sending, intermediary and receiving banks.
Which transfer details should I prepare?
Prepare the beneficiary’s legal name and address, account number or IBAN, beneficiary bank name and BIC/SWIFT code, amount, currency and payment purpose. Some routes require additional local clearing or intermediary-bank details.
Can I choose who pays the transfer charges?
Where supported, the instruction may use OUR, SHA or BEN. OUR generally directs charges to the sender, SHA divides charges between the parties, and BEN directs charges to the beneficiary. The actual treatment depends on the route and participating banks.
How can I identify or trace a released transfer?
The bank provides a transaction reference. Depending on the corridor and message type, a UETR or other confirmation may also be available to support tracing and communication with the beneficiary bank.
Can both personal and business clients use this service?
Eligible personal and business account holders can request supported direct bank transfers. The available currencies, limits, channels and routing depend on the account and payment destination.
Start with the account that fits your payments
Open a personal or business account, or speak with the banking team about a supported transfer route, currency and beneficiary destination.