How does money travel from one country to another?

[DimPrawn]

If I ask my bank in the Cayman Islands to transfer $40M USD to my Swiss bank account, do the two banking system connect electronically or does someone at the sender banks just debit my account and someone in the receiver bank credit my account. i.e. is it manually done when the payment is international?

[The Lone Gunman]

If I ask my bank in the Cayman Islands to transfer $40M USD to my Swiss bank account, do the two banking system connect electronically or does someone at the sender banks just debit my account and someone in the receiver bank credit my account. i.e. is it manually done when the payment is international?

A bloke with a bag full of used notes wearing a sharp suit and sunglasses gets on a plane from the Cayman Islands.

[sasguru]

If I ask my bank in the Cayman Islands to transfer $40M USD to my Swiss bank account, do the two banking system connect electronically or does someone at the sender banks just debit my account and someone in the receiver bank credit my account. i.e. is it manually done when the payment is international?

Swindon high street
£40
Building Society

[DimPrawn]

Swindon high street
£40
Building Society

[BrilloPad]

If I ask my bank in the Cayman Islands to transfer $40M USD to my Swiss bank account, do the two banking system connect electronically or does someone at the sender banks just debit my account and someone in the receiver bank credit my account. i.e. is it manually done when the payment is international?

Do you care as long as the money arrives?

[DimPrawn]

Do you care as long as the money arrives?

No. Next.

[Advocate]

Small amounts of money regularly travels in my pocket between countrys.

[DaveB]

<foogle>
http://en.wikipedia.org/wiki/Society...ecommunication
</foogle>

[ThomasSoerensen]

<foogle>
http://en.wikipedia.org/wiki/Society...ecommunication
</foogle>

one of the few companies on European soil that are exempt from EU data privacy laws. So the Yanks can spy on us to and decide if we are terrorists and block the transfer resulting in the money having being discounted from your account but not received in the receivers account.

Nice little outfit.

I recommend a roll of cash in a condom stuffed up your arse and your arse in a car across the border.

[DimPrawn]

<foogle>
http://en.wikipedia.org/wiki/Society...ecommunication
</foogle>

Cheers, that's what I was wanting to know.