SWIFT BIC code procedure – explained
1. Registration process:
a. Registration including filling in all of the KYC and technical forms approx. 10-15 days
b. Onboarding process by SWIFT approx. 72 hours
c. Approval takes approx. 25 days
d. SWIFT configuration process approx. 5 days
e. Installing SWIFT cloud based connectivity
2. BIC ACTIVATED
Estimated time frame: approx. (2.5 months – 3 months)
Cost: 27 500 EUR
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