Once you have registered, booked the trade and sent your funds to the money transfer provider, it typically takes between one and two days for more mainstream currencies and three days or sometimes longer for more exotic currencies to be received by the recipient.
If your funds are sent to a local settlement account which means that the account, you send your funds from is in the same country as the account provided by the money transfer provider, you will improve the speed of the process as well.
It is advisable to always ask the company transferring the funds how long it should take for the funds to clear in the recipient’s bank.
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