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    What countries can I transfer to?

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  • You can transfer money virtually to every corner of the world. There are some exceptions based on what kind of transfer you wish to make. Should you need further assistance, do not hesitate to contact our country manager.

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    Are there any transfer fees?

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  • Yes, unfortunately. We depend on the current banking system which charges TavexWise. The positive aspect is that we do not charge even higher fees. They are as low as possible for you.

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    What is an IBAN and a SWIFT/BIC code?

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  • IBAN stands for International Bank Account Number and is a number attached to all accounts in EU countries plus Norway, Switzerland, Liechtenstein and Hungary. The IBAN is made up of a code that identifies the country where the account is held, the account holder’s bank, and the account number itself. The IBAN makes it easier and faster to process cross-border payments.

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    What is BIC?

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  • A BIC (Bank Identifier Code) identifies the beneficiary’s bank quickly and easily.

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    What is SWIFT?

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  • SWIFT owns and administers the BIC system. The BIC is the same as the bank’s SWIFT address.

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    Where can I obtain an IBAN or a SWIFT/BIC code?

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  • From your current bank.

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    Which nations do not require an IBAN or a SWIFT/BIC code?

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  • Banks in the USA, New Zealand, Australia, Hong Kong, Singapore and the UK do not require an IBAN or a SWIFT/BIC Code. The USA requires an ABA number, New Zealand and Australia require a BSB number, Hong Kong and Singapore a clearing code and the UK a sort code.

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    Can I pay by cash?

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  • Yes, you can pay by cash in multiple currencies.

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    Can I pay via wire transfer?

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  • Yes. We have multicurrency accounts available.

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    Can I pay by credit card

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  • No, this is not possible.

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