Penza, 10 September 2013. PenzaNews. Customers of Penza Bank Kuznetsky are now able to transfer money through the international SWIFT interbank system.

According to the press service of the financial institution, it is especially useful when one needs to make a transfer of funds in foreign currency to a bank account geographically located, for example, in the U.S., spending minimum amount of money for this.

“With the help of this system, one can make transactions abroad in order to pay for goods or services, equipment or materials purchased from foreign companies, or simply send the money to the loved ones, friends and family,” the press service of the bank told news agency “PenzaNews.”

According to the financial institution, the SWIFT-transactions have a number of advantages.

“They are carried out quickly and safely to almost any country in the world. Furthermore, the SWIFT system ensures accurate delivery of cash and total privacy. It is worth noting that the transactions are available to legal entities and individuals in any amount under the current legislation. In addition, favorable rates are offered,” the institution pointed out.

According to the chairman of Bank Kuznetsky Mikhail Dralin, today, in the times of active development of international relations, transactions via SWIFT contribute to a significant reduction of time costs.

“Saving time, the customer also saves their money through lower rates offered by our bank. For example, the translation made abroad by an individual in the amount of $5 million will cost only $12,5,” he explained.