Bank Transfer (Other bank & Swift transfers)

All related questions on bank transfers

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Last Update vor 2 Jahren

What is a bank transfer?

         A bank transfer is an electronic payment, which enables you to send money directly from your bank account to another. With Varmstra you can send money from your bank account to that of your family or friends’ bank accounts all over the world.

         With Varmstra, you can make transfers to virtually any bank in the world, connected to the SWIFT network (Society for Worldwide Inter-bank Financial Telecommunication).

        You may want to transfer funds to a vendor in Kenya, China, Singapore, United States, France or any other? Varmstra's got you. How about your supplier in Germany? No problem. What about... We could go on and on. But in all these the transfers differs in the times they arrive the destination or receiver's  bank .For example, transfers to bank accounts to countries like Nigeria , Ghana, Kenya, Rwanda, Uganda , South Africa and Zambia will arrive almost instant and transfers to bank accounts to European countries and other countries may take days or longer depending on the destination country. Varmstra therefore grouped bank transfers/deposit into two kind, Swift bank transfers and Other bank transfers.

Other Bank Transfers

Send money almost instantly to bank accounts in Nigeria, South Africa and east Africa countries such as Kenya, Uganda, Rwanda, Tanzania and Zambia as seen here .

Send a bank deposit instantly with Varmstra. Your friends and family are thousands of miles away. Wherever home is for you, bring it closer with Varmstra Other bank transfer by sending a bank deposit directly to your loved ones’ banks instantly. It’s easy and you can do it on the web or laptop or mobile.

We send hundreds of  bank deposit transfers to these countries. But remember, bank deposit is just one of the  ways to send money to these countries.  You can also send money to these countries through the following methods:

  • Mobile Money Transfer
  • Mpesa Mobile Money Transfer
  • Flutterwave Wallet Transfer

How Do I Make Other (instant) Bank Transfers

It’s so easy to make Other bank transfers using our website or apps. Just follow these simple steps:

  1. login or sign up for a Varmstra account (it takes just few minutes to create an account)
  2. Locate the transfer wizard menu
  3. Select bank transfer in the select transfer mode drop down menu,
  4. Select Other bank transfers in the select bank transfer mode drop down list,
  5. Choose a country in the select country drop down list,
  6. Follow the on screen to enter your recipient’s details (name, address, phone number) and bank details,
  7. Enter the amount you wish to send in the amount field and in the local currency of the country in question,
  8. Enter the reasons for sending the money in the narration field,
  9. Choose how you want to pay in the display payment method available for your region,
  10. pay for your transaction

International ( Swift ) bank transfer

Do you want to transfer funds to a vendor in Kenya, China, Singapore, United States, France or any other? Varmstra's got you. How about your supplier in Germany? No problem. What about... We could go on and on.

With Varmstra, you can make transfers to virtually any bank in the world, connected to the SWIFT network (Society for Worldwide Inter-bank Financial Telecommunication).

Note: At the moment, transfers to bank accounts not nominated in NGN, GHS, KES, TZS, or UGX have to be in USD, GBP or EUR. This will then be converted to the local currency based on provided mid-market rates. 

How do I make an Swift/international bank transfer?

It’s so easy to make Other bank transfers using our website or apps. Just follow these simple steps:

  1. login or sign up for a Varmstra account (it takes just few minutes to create an account)
  2. Locate the transfer wizard menu
  3. Select bank transfer in the select transfer mode drop down menu,
  4. Select swift bank transfers in the select bank transfer mode drop down list,
  5. enter your recipient’s details (name, address, phone number) and bank details ( Account Number And or routing number, bank name, IBAN number and SWIFT/BIC code),
  6. Select the currency and Enter the amount you wish to send in the amount field .Kindly select pound when sending to UK, Euro when sending to any european country which is not UK and US dollar if you are sending to any other country that is not a European country.
  7. Enter the reasons for sending the money in the narration field,
  8. Choose how you want to pay in the display payment method available for your region,
  9. pay for your transaction

Note : 

The USA is the only country that uses Routing Numbers, even when receiving money from a foreign bank account.  However, if you wish to make an international bank transfer to a US account from a bank account outside the USA, you will need to provide their Routing Number in order for the funds to reach the account safely.

Banks in the United States don't use IBAN codes to identify specific banks or account numbers. They  instead use SWIFT codes and routing numbers.

Frequently Asked Questions

What Is An IBAN

The International Bank Account Number (IBAN) is the international standard for identifying international bank accounts across national borders. At present, the United States does not participate in IBAN. Therefore, Bank of America does not have an IBAN number.

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