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Internet Banking and SWIFT

What is the difference between using Internet banking and using SWIFT regarding security, reliability, and expenses?

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Internet banking is a tool for communicating with your bank about your bank account. You may be able to use it to initiate some types of transactions, including wire transfers.

SWIFT is a network for international financial transactions and messages. Internet banking may enable you to initiate transactions that use the SWIFT network, otherwise, you are asking for a comparison of apples and oranges, so comparisons of security, reliability or cost cannot be given.

Published on BankingQuestions.com 6/24/08