Upgrade your business wire transfers
Open a Sokin business account and manage domestic and cross-border wire payments with greater clarity and control.
Wire transfers
Business wire transfers built for speed, clarity,
and control
Send secure domestic and cross-border wire transfers with predictable pricing and complete transaction visibility.
- Send high-value domestic and cross-border wire transfers
- Receive, hold and pay in 26 currencies without forced conversions
- Same-day domestic settlement in US, UK, EU, AU and Canada
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
One place to manage 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?
Businesses typically use wire transfers for high-value, time-sensitive, or cross-border payments where direct bank-to-bank settlement is required. Business wire transfers are commonly used to pay overseas suppliers, fund contractors, complete large domestic transactions, or move capital between regions.
What is the difference between a wire transfer and ACH?
A wire transfer is processed individually and is often used for urgent or high-value business payments. ACH transfers are batch-processed and commonly used for recurring domestic payments. Businesses choose wire transfers when speed, certainty, or cross-border capability is required. Wire transfers are typically preferred for urgent or high-value business payments.
Can I send domestic and international wire transfers with Sokin?
Yes. Sokin supports domestic wire transfers in key markets and cross-border wire transfers using trusted local and international payment rails. You can manage both from your Sokin business account.
How fast are business wire transfers?
Wire transfer speed depends on destination and currency. Domestic payments in the US, UK, EU, AU and Canada can be processed the same day. Cross-border wire transfers follow the fastest available settlement route. Transfers between Sokin accounts using Sokin Direct are instant.
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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