Public Savings Bank is now a member of SWIFT, which will help expedite foreign wire transactions to over 8,800 member banks in more than 200 countries. The new technology platform allows an extended time window to wire funds to both domestic and foreign recipients.
Public Savings Bank can accommodate multi-currency transactions to virtually anywhere in the world. Wires do not need to be in US dollars.
Jack Miller, chief executive of Public Savings Bank, said: “We are a facilitator of online banking and electronic payments all over the world. This investment supports our commitment to businesses that require global flexibility in transferring money virtually anywhere in the world.”
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