SWIFT vs SEPA vs Local Transfers: How to Avoid Hidden Bank Fees

Are you paying a €3 flat fee or getting hit with a €50 surprise bill from a bank you've never heard of? Moving money across borders shouldn't feel like deciphering code. In this video, CurrencyFair’s FX Treasury Manager, Carl O’Gorman, breaks down the hidden mechanics behind the three main global payment networks: SWIFT, SEPA, and Local Transfers. Learn exactly how they work, how traditional banks hide heavy markups, and how to choose the cheapest network for your next transfer. WHAT YOU WILL LEARN: • SWIFT: Why global transfers travel through multiple "stopover" banks and rack up unexpected intermediary fees. • SEPA: The rules of Euro-to-Euro transactions and how to ensure next-day delivery. • Local Transfers: How platforms like CurrencyFair utilise domestic clearing lines (like ACH or Faster Payments) to save you thousands on the conversion spread. About CurrencyFair: We offer fast, secure international money transfers with bank-beating exchange rates. Whether you are buying a property abroad, paying international tuition, or managing overseas business invoices, we help you bypass traditional bank layouts completely. #InternationalMoneyTransfer #SWIFT #SEPA #Fintech #CurrencyFair #PersonalFinance --- Disclaimer: This video is provided strictly for general educational and informational purposes. It does not constitute formal financial, investment, or legal advice. Currency exchange markets are highly dynamic. Always review up-to-date terms and fee schedules before executing high-value transfers.