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Looking for more efficient and cost-effective methods for international money transfers? You're not alone. Figuring out the best way to move money across borders is crucial for any global business. Choosing an efficient and cost-effective method can make a huge difference to your business’s bottom line. There are three main methods through which companies can send payments: SEPA, SWIFT and local transfers. 🔹 SWIFT is the largest and most well-known system, enabling money transfers worldwideh by connecting over 11,000 financial institutions, supporting a wide variety of currencies, and ensuring a very high level of security. However, these transfers tend to be slower and more costly. 🔹 SEPA facilitates streamlined Euro transfers within Europe with lightning speed and cost-effective rates. However, these are limited to Euro transactions within Europe. 🔹 Local transfers are the preferred option for transferring money to some countries, thanks to theirspeed and cost-effectiveness. Transferring in local currency requires opening an account in the destination country (IBAN). Moneynet helps businesses simplify the process by offering a variety of efficient international transfer options, managing a single account with multiple currencies, and the option to open an account in the destination country, all while offering competitive rates and cost transparency. Ready to upgrade your international money handling? Read our full guide and see how Moneynet's solutions can streamline your financial operations.