From May 15, 2023 up to August 15, 2023, Terabank is offering business customers a promotion of the Bank’s fee for international transfers in USD to 112 countries. The international payment platform Visa B2B Connect applies to transfers made in USD and other currencies. A fixed preferential tariff – of USD15 per transaction will be implemented after August 15, 2023.
Visa B2B Connect platform is a fast, flexible and secure international payment service. It allows business customers to take advantage of today's most modern, innovative, non-card-based, bank-to-bank messaging and settlement services in order to make and receive secure and flexible international payments in 107 countries around the world. Visa B2B Connect differs from traditional methods primarily in speed which is achieved through the reduction of using multiple correspondent banks for different currencies and destination countries. The aim is for transactions to be reflected in 1-2 business days, depending on the payment currency and receiving country*.
In partnership with Visa, Terabank is the first bank to introduce the Visa B2B Connect platform in Georgia. The service can be used both remotely - through the internet bank and mobile application, as well as by visiting the branches.
*Payments are delivered 1-2 business days and are subject to operating hours, holidays and weekends of the payment currency, settlement currency and destination country. Payments are also subject to compliance and regulatory clearance which may cause delays.
