Upgrade your business wire transfers
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Wire transfers
Fast, reliable international payments
Send international payments via established routes, including SWIFT and supported local rails. Get the visibility and controls you need to manage cross-border payments with confidence as volumes grow.
- Payouts in 70+ currencies1
- Transactions to 170+ countries1
- Access competitive, wholesale exchange rates
- Transparent pricing with no hidden fees
Still relying on traditional bank wire transfers?
Traditional business wire transfers often come with a range of limitations, including:
- High and unpredictable bank wire fees.
- FX spreads that erode margins on cross-border payments.
- Limited visibility once funds are sent.
- Bank cut-off times and correspondent banking delays.
Globally regulated platform
Segregated client funds
Two-factor authentication
Faster, clearer business wire transfers
Settlement without unnecessary delays
Access same-day domestic settlement in the US, UK, EU, AU and Canada, with efficient routing for cross-border business wire transfers.
Clear visibility on every wire transfer
Track each domestic and cross-border wire payment from your Sokin dashboard with full transaction transparency.
Transparent pricing, no surprises
See fixed processing fees and competitive FX pricing before confirming your wire transfer, so there are no surprises at settlement.
How it works
Hassle-free wire transfers
Built for your trust
Your funds are always safeguarded
We keep your funds segregated from our own and place them with reputable banking partners-giving you the confidence that your money is always protected.
We're licensed throughout the globe
We operate under a global suite of licenses and regulatory approvals, meeting strict standards wherever you do business. See our full regulatory details here.
Bank-level security protects your account
We’ve built our infrastructure to meet financial-institution security standards and advanced threat protection-so you can focus on growing your business. View our Trust centre.
Built for businesses that rely on wire transfers
Sokin helps you manage high-value, time-sensitive, and cross-border business wire transfers without the operational drag of traditional banks. Whether you:
Pay overseas suppliers
Send domestic or international wire transfers in their local currency while maintaining control over FX timing and fees.
Manage global contractors
Process cross-border business payments quickly and keep international payroll running smoothly.
Expand into new markets
Operate across borders with multi-currency wallets and clear visibility over your international cash flow.
Wire transfers FAQs
When should a business use a wire transfer?
International transfer times depend on the payment route and destination.
- • SWIFT payments typically settle within one to two business days, depending on the destination bank and any intermediary processing.
- • Supported local payment methods are often faster and may be completed the same day or within 24 hours, where available and depending on route.
- • In some cases, transfers may take longer due to compliance reviews, regulatory checks, or bank processing requirements.
Estimated delivery times are shown during payment setup so you know what to expect before sending funds.
What details are required to send an international payment?
To send an international bank transfer, you’ll generally need:
- • The recipient’s full name (as registered with their bank)
- • The recipient’s bank name and country
- • An account number or IBAN (where applicable)
- • A SWIFT/BIC code for the receiving bank
- • Additional details, such as a routing number or sort code, depending on the country of the account
You can also include a payment reference to help with reconciliation and tracking.
Should I use SWIFT or a local payment method?
The best option depends on your priorities and the destination.
- • SWIFT is widely supported and suitable for most international payments but may involve longer processing times and intermediary fees.
- • Local payment methods, where available, are often faster and can be more cost-effective, particularly for same-currency payments.
If both routes are supported, Sokin helps you choose the most appropriate option based on speed, cost, and destination.
What fees apply to international payments?
International payments typically include:
- • A transaction fee for external transfers
- • An FX fee when a currency conversion is required
All applicable fees are shown clearly before you confirm a payment, so you have full visibility into costs upfront. You’ll see applicable fees before you confirm a payment, so costs are clear up front.
How much does a business wire transfer cost?
The cost of a wire transfer depends on the destination, currency, and payment route. Sokin provides transparent, fixed processing fees and competitive FX pricing, so you can see the full cost before confirming your wire transfer.
Are business wire transfers secure?
Wire transfers are processed through secure financial networks. Sokin operates as a regulated financial platform with segregated client funds and strong authentication controls, including two-factor authentication, to protect business payments.
Can I use Sokin instead of my bank for wire transfers?
Many SMB and mid-market businesses use Sokin as an alternative to traditional bank wire transfers. With multi-currency wallets, transparent pricing, and efficient settlement routes, Sokin helps reduce the operational friction often associated with bank wire services.
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