How to Receive Wire Transfer in Pakistan Learnonlinee

Paypal is something, but it’s not everything. There are many international payment options out there for Pakistani users. If you ever wanted to get a payment from an online company then you can use several options to receive your payments such as Payoneer in Pakistan and Payments Methods Explained Here. But today, I’ll be telling you a different story, which is how to get your payment via Wire Transfer in Pakistan just in one week.

What is Wire Transfer?

Instead of telling myself.I’m quoting the Wikipedia’s explanation on this here:

Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office.

How does it Works?

I recently had to receive a Wire Transfer from one of the US Banks, I wanted to receive it in my UBL bank account which is just a normal current account. The company needed my IBAN (International Bank Account Number), SWIFT Code and other details such as Bank Name, Address etc. I found the online link of UBL Bank where I converted my normal account number to IBAN, and then added that to the company website, and I got the SWIFT code from my account manager. The rest details I added were also attached with my account.

This was very simple process, and after 1 week, I received the payment straight in my UBL Bank account. I wanted to share this method with you so whenever you see a Wire Transfer option then never worry, that will arrive in your Bank Account without anyproblem. Secondly,  provide the exact details of your account, because any small mistake can create late in processing.

How Much it Cost?

The cost for an International Wire Transfer is only $20 dollars per transaction. Any amount which is less than $5000 will cost you only and only $20, if the amount is greater then you should receive it in separate transactions. More, the conversion rate to local currency depends on the market of that day, and the conversion rate might make you sad sometimes, but don’t worry, that’s not too much PAIN.