Fastest Ways to Send Money Internationally: How EzRemit Compares

When you send money abroad, speed and cost are rarely both optimised at the same time. Traditional bank wires are slow and expensive. Some digital services are fast but opaque on fees. Understanding which transfer method suits your situation, and why, is one of the most practical things an internationally active person can know. 

How international transfers actually work 

Most international transfers travel through the SWIFT network, a global messaging system connecting over 11,000 financial institutions worldwide. When you initiate a SWIFT transfer, your money passes through one or more correspondent banks before reaching its destination. Each intermediary can add a processing delay and deduct its own fee, meaning what arrives is often less than what was sent, and the timeline is unpredictable, typically one to five business days. 

Faster Payments (FPS) handles UK domestic transfers near-instantly and free of charge, but its reach ends at the UK border. SEPA covers euro transfers across the Eurozone, with standard transfers completing within one business day and instant SEPA available in participating countries. Neither crosses into the broader global market. 

Where EzRemit fits 

EzRemit is iFAST Global Bank's international transfer service, designed to send funds directly to local bank accounts in 30+ currencies across 160+ countries without routing through the correspondent banking chain that slows SWIFT transfers and inflates costs. 

Transfers via EzRemit are initiated directly from the iFAST Global Bank app, with the full FX rate and fee shown before confirmation. There are no hidden deductions mid-transfer, and no uncertainty about what arrives. Delivery timelines vary by destination and receiving bank, though local bank account delivery is typically faster than traditional SWIFT correspondent routing for supported corridors. 

For customers sending regularly to Singapore, Hong Kong, or elsewhere within the iFAST Group network, intra-group transfers offer an additional route. They are processed within the iFAST infrastructure rather than through external correspondent channels, with the speed and cost advantages that direct routing provides. 

Choosing the right method 

For UK domestic payments: FPS is instant and free. For European euro transfers: SEPA is low cost, one business day. For international transfers to 160+ countries: EzRemit offers direct local bank account delivery, transparent pricing, and no correspondent bank chain. For transfers within the iFAST network: intra-group transfer is the most direct route for iFAST customers in connected markets. 

Speed matters less if the cost erodes the amount on arrival. The combination of direct routing and upfront FX transparency is what makes EzRemit a meaningfully different option from initiating an international wire through a high street bank. 

Actual delivery times may be influenced by public holidays and the receiving bank. Please refer to our website for full terms, conditions, and current transfer fees: Fees & Charges | iFAST Global Bank.