Mo supports SWIFT payouts for business-to-business (B2B) payments, enabling you to send funds internationally through the SWIFT network.
Important: SWIFT payout is only available for businesses, not individual users.
How to Use SWIFT Payouts
- During payment account setup, choose SWIFT as the payment method.
- Enter the required recipient banking details (such as SWIFT/BIC code, account number, and bank name).
- Submit your transfer request.
Key Requirements
- Business accounts only - SWIFT payouts are not supported for personal transfers.
- Minimum transfer amount: $1,000 USD (or equivalent in other currencies).
- Settlement time: Typically 5 - 7 business days, depending on the destination country and bank.
FAQs
Can individuals use SWIFT payouts? No. SWIFT payouts are strictly limited to verified business accounts.
Is there a minimum amount for SWIFT transfers? Yes. Each SWIFT payout must be at least $1,000 USD (or equivalent).
How long do SWIFT transfers take? Usually between 5 – 7 business days, depending on the receiving bank.
What details do I need to provide? You’ll need the recipient’s SWIFT/BIC code, account number/IBAN, and bank name.