Money transfers
Send and receive high-value international business transfers to 65+ countries and territories
Make and receive international supplier payments, and fund partners and subsidiaries worldwide. Move money and receive/send large payments internationally in 12 major currencies using optimized SWIFT routing and multi-currency accounts.
Real use cases for international business transfers
These are only some of the examples of how our business clients can receive and send high-value cross-border payments.
Make international supplier payments
Send and receive high-value payments to suppliers from Germany to Poland (EUR to PLN conversion).
Settle B2B contracts
Pay business partners located in the UK and Canada from the EU (EUR to GBP conversion, EUR to CAD conversion).
Make intercompany transfers
Move funds between group companies from Sweden to Denmark (SEK to DKK conversion).
Send funds to global partners
Send large payments internationally from the EU to partners in Japan (EUR to JPY conversion).
Operate in non-SEPA markets
Settle international business payments from the EU to Australia (EUR to AUD conversion).
Pay outsourced partners
Send payments to outsourced partners from the EU to Hong Kong (EUR to USD conversion).
Pay cross-border service providers
Send and receive business payments for services from Hungary to Austria (HUF to EUR conversion).
Manage payments from the EU partners
Send, receive, and settle international payments from Switzerland to Italy (CHF to EUR conversion).
Pay contractors in Europe
Send business payments from Czechia to contractors in the Netherlands (CZK to EUR conversion).
Transfer availability depends on your setup
SWIFT transfer availability depends on several factors, including your business registration country, industry, the transfer destination country or territory, and the currencies involved. Not all currencies or payment corridors support every combination, so we recommend checking your eligibility before initiating international transfers.
What other transfer options are available in Genome?
Your international business transfers can be executed using another transfer system during the transfer process. SWIFT is used for B2B international payments, while Faster Payments, CHAPS, or TARGET2 are used if they offer a faster or more cost-effective route. Incoming international business transfers can also be received through SWIFT, Faster Payments, CHAPS, TARGET2, and BACS, depending on the payment corridor and currency.
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) and can support GBP-related B2B international payments. The outgoing Faster Payment can be initiated by the Intelligent Routing System, not the client directly. Genome’s clients can also receive Faster Payments.
BACS
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.
CHAPS
The Clearing House Automated Payment System (CHAPS) is used for high-value cross-border payments 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.
TARGET2
The Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET2) is used for high-value euro business payments 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.
Why choose SWIFT over SEPA or cards?
SWIFT transfers are designed for high-value international business payments across global markets and non-SEPA corridors. SEPA is limited to euro payments within the SEPA zone, while card payments are typically used for lower-value transactions rather than large operational transfers.
Money transfers
How to get started with Genome’s international business transfers
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Money transfers
Fees for sending international business transfers
The fees for sending and receiving international transfers via SWIFT, Faster Payments, BACS, CHAPS, and TARGET2 are disclosed on our pricing page. 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
Unlock advanced financial services in addition to international business transfers
Multi-currency business accounts
Open a business account in EUR and then, if needed, add more multi-currency business accounts! Five accounts are allowed per currency: in EUR, USD, GBP, PLN, CHF, JPY, CAD, CZK, HUF, SEK, AUD, and DKK. Make payments in your company name and generate account statements.
Merchant services
Use Genome’s merchant services to accept customer payments, manage merchant account settlements, and offer instant bank payments at checkout. Launch faster with a hosted payment page, while Visa and Mastercard card payment processing will be available soon.
Payment APIs for automated transfers
Integrate Genome’s payment APIs with your internal systems to automate B2B and B2C payouts, process mass transfers, and reduce manual work. Track payments from the dashboard, receive real-time notifications about incoming transfers, and manage high-volume payment operations within your existing infrastructure.
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 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. Can be linked with your accounts in EUR, USD, GBP, PLN, CHF, CZK, HUF, SEK, and DKK.
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. We are GDPR, PCI DSS, and PSD2-compliant.
Efficient money transfers are essential for your company’s financial performance!
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How can a multi-currency business account help with corporate FX payments?
Holding funds in a multi-currency business account allows you to receive, hold, and send money in 12 different currencies using our international business transfers. This enables FX optimization by allowing you to exchange currencies only when the rates are favorable, reducing the costs associated with corporate FX payments.
Can I use Genome for international supplier payments?
Yes. Genome streamlines B2B international payments, making it easy to pay vendors and partners globally. You can execute international supplier payments securely using our SWIFT transfers for business, ensuring your supply chain runs smoothly without payment delays.
Does Genome support intercompany transfers internationally?
Yes. We understand that multinational businesses need fluid liquidity across borders. You can easily execute intercompany transfers internationally between your global entities using our international business transfers infrastructure, ensuring efficient corporate treasury management.
How do I make a SWIFT transfer for business with Genome?
To make SWIFT transfers for business inside Genome, log into your Genome business wallet, click Send or open Transfers, then choose Bank transfer. Select a SWIFT-enabled account, make sure international transfer details are available, and fill in the beneficiary’s details.
What are the fees associated with B2B international payments?
We prioritize transparent pricing for high-value cross-border payments. Genome’s full business pricing is always available.