Money transfers

Fast, safe, and cost-effective international money transfers

Genome money transfers
Genome SWIFT transfers

Unlock international money transfers for business wallets

Genome enables business wallet clients to send and receive transfers via the SWIFT payment system, as well as other payment options, such as Faster Payments, CHAPS, BACS, and TARGET2. No bank queues, no cash troubles. Send international money transfers, save the template for the next transfers, and schedule them online securely. Streamline your business operations effortlessly just by using Genome!

How international money transfers work

How does Genome’s international money transfer work?

The default option for your outgoing international payments is SWIFT. However, when you send a transfer, the Intelligent Routing System analyzes the beneficiary's details and selects the cheapest and most efficient route for your payment! Thus, your payment can reach the beneficiary via one of the following payment channels: SWIFT, Faster Payments, CHAPS, or TARGET2. You can also receive international transfers via all the listed systems as well as BACS.

Money transfers

Why choose Genome’s international money transfer service?

Genome convenience


Our team ensured that your international money transfer will be sent via the most convenient and cost-effective transfer system. So whether you send it to your business partners or contractors — they will receive the funds.

Genome security


Your international money transfers are safe and transparent, as Genome complies with all major regulations. We add another level of security with our built-in protection and multi-factor authentication tools.

Ease of use

Ease of use

Send funds using international money transfers in just a few clicks. Genome’s team has developed a comprehensive interface for all your money transfer operations. Track your transfers inside the Genome platform or app at all times.

Global reach

Global reach

Thanks to many international money transfer options, you can send funds to significantly more countries. You can easily make and receive payments from 42 countries using SWIFT and access other transfer options such as Faster Payments, CHAPS, and TARGET2.

What other transfer options are available in Genome?

As mentioned, your SWIFT payment can be executed using another transfer system during the transfer process. You can also receive payments via systems other than SWIFT. These are:

Faster Payments

Faster Payments

Faster Payments are transfers within the UK that are usually completed instantly or within 2 hours maximum. These can only be executed in British pounds (GBP). The outgoing Faster Payment can be initiated by the Intelligent Routing System, not the client directly. Genome’s clients can also receive Faster Payments.



The Bankers' Automated Clearing Services (BACS) is a transfer system used within the United Kingdom. The payment, which is available in GBP, usually reaches the beneficiary within 3 business days. The BACS system is not used for outgoing transfers in Genome. However, our clients can receive payments via the BACS system.



The Clearing House Automated Payment System (CHAPS) is used for high-value business transactions within the UK. Such payments are conducted in GBP and are usually completed within a business day. The outgoing CHAPS payment can be initiated by the Intelligent Routing System, not the client directly. Genome’s clients can also receive transfers initiated via CHAPS.



The Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET2) is used for large-value payments in the eurozone between financial institutions that have access to this system. It usually takes 1 business day to settle the payment. The outgoing TARGET2 payment can be initiated by the Intelligent Routing System, not the client directly. Genome’s clients can also receive transfers initiated via TARGET2.

Genome SWIFT transfers online

Our international money transfer services are available online

You can easily access international payments through our platform after opening a business wallet within Genome. With an online onboarding and approval process, you can start sending payments globally shortly after your account is approved - just request payment details for your cross-border transfers! With these account details, you can receive SWIFT, Faster Payments, BACS, CHAPS, and TARGET2 transfers.

Open account

Money transfers

Send international money transfers to multiple countries

With Genome, you can make international payments to 42 countries in total using SWIFT. Your payment can also be sent via Faster Payments, CHAPS, and TARGET2 to optimize the process.

Select different currencies to make your international money transfer

Select different currencies to make your international money transfer

Currently, you can send international transfers in the following currencies:

  • Euros (EUR)
  • US Dollars (USD)
  • British Pounds (GBP)

Money transfers

How to get started with Genome’s international money transfers

Sign up to Genome and open a business wallet.

Genome sign up

Request account details to make international payments. To do so, go to the Account details menu and click the Get account details button. Find out if your company is eligible for international money transfers here.

Genome enter name

Go to the Genome Dashboard, click on the Transfers tab, and choose the Bank transfer option.

Genome BIC / SWIFT code

Enter the beneficiary’s details. Check the amount entered and confirm the payment.

Genome IBAN

Money transfers

Fees for sending international money transfers

The fees for sending and receiving international transfers via SWIFT, Faster Payments, BACS, CHAPS, and TARGET2 are disclosed on our pricing page. Please note that Genome utilizes the SHA payment instruction for SWIFT transfers, which allows for the splitting of fees between a client and a beneficiary. This means that you will pay for the transfer order while the beneficiary will handle the charges applied by their bank and any other intermediaries. For payments in British pounds within the United Kingdom, if any faster and/or cheaper payment option is available, we will route the payment and adjust the fee accordingly.

Money transfers

Looking for more options besides international money transfers?

Genome also provides transfer alternatives that are available for business wallet users. Use SEPA transfers for stress-free payments within the eurozone. Transfer funds instantly to other Genome users with our internal transfers.

Genome internal transfers

Internal transfers

You can send money to other Genome users instantly and for free, thanks to our safe internal payments.

Instant transfers →

Genome SEPA payments

SEPA payments

Send money to 36 countries within the eurozone. SEPA payments are completed within 4 hours on a business day after transfer initiation.

SEPA transfers →

Money transfers

Even more services from Genome for your business

Multi-currency accounts

Multi-currency accounts for your business

Open an account in your company name in EUR and then, if needed, add more in USD, GBP, and EUR (5 accounts per currency). Make payments in your company name and generate account statements yourself using our multi-currency accounts.

Genome money transfers

More transfer options

SWIFT payments are not the only option for your business in Genome. Our team also offers SEPA transfers and instant internal transfers. All can be saved and scheduled in a few clicks.

Genome shared access

Shared access to business accounts

Share the workload with your team with Genome's shared business account feature. After they pass the identity verification, the staff will be able to operate inside your business wallet. Assign roles and edit access rights to accounts whenever you see fit.

Genome card

Genome corporate card

Control your business money flows, track business trip expenses, and manage marketing budgets and logistics bills — all with a Genome Visa corporate card, available in a slick black plastic matte finish and virtually.

Genome security

Security and anti-fraud solution

We take our clients' security seriously with transaction checkups and offer built-in anti-fraud platform tools. Stay secured with SCA-compliant Genome, which is licensed and regulated by the Central Bank of Lithuania.

Efficient currency exchange

Efficient currency exchange

Genome makes currency exchange secure, quick, and effective. Access our online currency converter to quickly determine how much money you will get after the exchange.

An international transfer is a movement of funds between a payer and a beneficiary located in different countries. Such transfers are facilitated through banks, payment service providers, or other financial intermediaries. Within Genome, all money transfers, except for SEPA payments and our internal transfers, are considered international transfers.

Currently, you can make international money transfers in three currencies: euros, US dollars, and British pounds.

SWIFT is a type of messaging network that allows banks to exchange data and complete international money transfers and other operations. The SWIFT payment system has been around for almost half a century and is the most common way to transfer money to other countries.

The SWIFT transfer happens thanks to the Bank Identifier Code. The BIC consists of 8 or 11 characters and is assigned to every bank to differentiate between them. This is what you need to make a SWIFT bank transfer: 1. A full name of the person receiving money; 2. Their BIC; 3. A beneficiary's account number or an IBAN (consists of 34 digits).

To make a SWIFT payment inside Genome, you first need to request account details for a SWIFT transfer. The request can be made via the Account details menu. The account details for a SWIFT transfer will be issued within a day. Once you have the details, you can start making SWIFT money transfers from our Transfers tab. Select the Bank transfer option and fill out the beneficiary's details. Enter the amount and the description, and send the SWIFT payment.

Depending on the weekends and holidays, the time difference between territories, and currency exchange processes, the transfer is usually completed in 3 to 4 business days. More information on how long SWIFT transfers take within Genome can be found here.

Banks and payment service providers charge different fees for international money transfers. You can find Genome’s pricing here.

The SWIFT payment system has developed a Customer Security Controls Framework, which is a multilayer security system with strict requirements for banks. It also established the Global Payments Innovation for absolute transparency of operations so that each payment participant can track the execution of transactions in real time. Now, all financial organizations that provide SWIFT bank services need to comply with strict security requirements. An annual audit for compliance with the requirements has been introduced as well. If you join Genome, you will get access to Covery's anti-fraud platform tools for risk management and fraud prevention.

Please find details about currency holidays for Genome's international money transfers here.