Transfer money from one Genome user to the other safely with one parameter, no need to enter all of the transfer info. All the incoming and outgoing internal transfers are instant for personal and business wallet users with no fees! It’s time to discover a better way to send and receive money using Genome.
Thanks to the International Bank Account Number (IBAN) and other payment details, the transactions are transparent and are tracked efficiently with real-time notifications.
The payment message is coded to significantly reduce the possibility of human error based on language barriers. Also each transfer is protected by built-in security tools and regulated by the National Bank of Lithuania.
The network’s payment messages are deciphered easily so the transfer processing is smooth and fast. And since Genome is operating online that makes it accessible worldwide.
Whether you use a personal wallet or a business one — SEPA transfers are always there for you! Instruct them quickly from your dashboard.Open account
It is a process of sending money to a person or a company that is located abroad. It is available for both personal and business account users in Genome.
There are many ways you can do it. People that don’t have bank accounts send physical currency via international wire transfer companies that have physical branches in different countries. As for bank transfers, the most common ways to send money abroad are to use SWIFT transfers, which are available for 200 territories. Another method is SEPA transfers, which are used within the eurozone by 36 countries.
SWIFT transfers take 1 to 3 business days, and SEPA payments — 1 to 2 business days. Also consider that the transfer time depends on time zones, currency exchange, weekends, and holidays.
Each bank has limits on how much money you can transfer per day. The transfer amount is lower for personal users and higher for companies. The higher level of your business is, the more you can send and receive. You can find the information about transfer limits on our account levels and limits pages or from Genome's dashboard in the Limits section.
In 2017 the SWIFT released Customer Security Controls Framework — a multilayer security system with strict requirements for banks, as well as revealed the Global Payments Innovation which allows absolute transparency of operations. Thanks to this, each payment participant can track the execution of transactions in real-time. SEPA is a European analog in its principles and level of security.