How to set up SWIFT International (Priority) Payments – Avinode Group

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SWIFT International Payment Method (Priority)

Priority Swift payment is an international wire payment, which is the fastest way to transfer funds, but also the most expensive.

Swift fees - The intermediary bank charges are deducted from the payment amount. As a result, the payment amount received in the beneficiary bank account may be less than the full amount expected.

To set up Swift payments

Step 1 - add Beneficiary and choose the Priority payment method.

Step 2 - add the Swift payment details.

For more details on how to set up a Beneficiary follow this link - Add or Set up a Beneficiary to Pay

Additional Information

Required Details for Swift Payment

Field	Individual	Company	Permitted Data	Notes
Beneficiary Entity Type	✓	✓	‘individual’ or ‘company’ only
Beneficiary First Name	✓	✕	1-255 characters*
Beneficiary Last Name	✓	✕	1-255 characters*
Beneficiary Company Name	✕	✓	1-255 characters*
Beneficiary Address	✓	✓	1-255 characters*
Beneficiary City	✓	✓	1-255 characters*
Beneficiary Postcode	✓	✓	1-12 characters*	Only required when sending payments to Canada, Mexico and the USA.
Beneficiary State or Province	✓	✓	1-255 characters*	Only required when sending payments to Canada, Mexico and the USA.
Beneficiary Country	✓	✓	2 letter ISO country code
IBAN	✓	✓	15-34 alphanumeric characters; spaces permitted	IBAN must be used when sending to all IBAN countries. When sending to non-IBAN countries, account number must be used.
Account Number	✓	✓	Varies per destination country	When sending to non-IBAN countries, account number must be used. IBAN must be used when sending to all IBAN countries.
CLABE	✓	✓	18 digits	CLABE must be used instead of account number or IBAN when sending payments in any currency to Mexico. CLABE is the banking standard for the numbering of bank accounts in Mexico (equivalent to the Account Number in other jurisdictions).
BIC SWIFT	✓	✓	Valid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric characters	BIC SWIFT must be used when sending payments to any country except the USA. When sending to the USA, ABA must be used.
ABA	✓	✓	9 digits	American banks are identified by a 9 digit ABA number, also known as ‘Routing Number’. The ABA should be valid for FedWIRE payments. Some ABA values are only valid for FedACH payments. Payments to FedACH-only ABAs will fail. The ABA is required for all payments to the USA.
Payment Currency	✓	✓	3 letter ISO currency code
Payment Amount	✓	✓	Numeric amount
Payment Reference	✓	✓	1-255 alphanumeric characters	Four lines, each 35 characters long. Anything over 140 characters will be truncated.
Payment Reason	✓	✓	1-255 alphanumeric characters	The scheme only supports 140 alphanumeric characters. The reference field will be truncated to fit this limit.
Payer Entity Type	✓	✓	‘individual’ or ‘company’ only
Payer First Name	✓	✕	1-255 characters*
Payer Last Name	✓	✕	1-255 characters*
Payer Company Name	✕	✓	1-255 characters*
Payer Address	✓	✓	1-255 characters*
Payer City	✓	✓	1-255 characters*
Payer Postcode	✓	✓	1-12 characters*	Only required when sending payments to Canada, Mexico and the USA.
Payer State or Province	✓	✓	1-255 characters*	Only required when sending payments to Canada, Mexico and the USA.
Payer Country	✓	✓	2 letter ISO country code
Payer Date of Birth	✓	✕	ISO 8601 format (YYYY-MM-DD).
Payer Identification Type	✕	✓	‘incorporation_number’ only
Payer Identification Value	✕	✓	1-255 characters*

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SWIFT International Payment Method (Priority)

To set up Swift payments

Additional Information

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