Sending money between countries is a daily necessity for many people. But doing so through the traditional system is usually slow, expensive and unsuitable. The commissions are high, the exchange rates are not always transparent and the process can take several days.
At BNKA we create a more efficient alternative: swap, a smart, collaborative and secure solution to move money between countries.
How does the swap work?
The swap allows you to exchange money between people with opposite needs. For example: if you need to exchange Argentinian pesos for euros, and someone else needs to do the reverse (from euros to pesos), BNKA connects them automatically and guarantees the operation.
Both people do their part from the application. Funds are temporarily blocked to ensure compliance and, once both parties confirm, the system executes the exchange.
Money never crosses borders, but value does. This avoids paying bank fees and accesses a fairer exchange rate.
Want to see how much you’d get before you confirm? Try BNKA’s Swap Calculator on our homepage to simulate your exchange in seconds and compare the rate in real time.
What are the advantages?
- Savings on commissions: intermediaries such as banks or exchange houses are not paid.
- Fair exchange rate: calculated in real time and transparent.
- Speed: The process can be completed in minutes.
- Security: The funds are protected throughout the operation.
- Autonomy: You decide whether to accept a proposal or prefer to expect a better rate.
If a match is not available at the moment, you can leave your order open and BNKA will notify you when there is a suitable counter-party.
A fairer and more efficient way to move your money
The swap is transforming the way many people send and receive money in different countries. It is fast, safe and much cheaper than a traditional international transfer.
At BNKA we believe that moving your money should not be complicated or expensive. Our goal is to have full control of your operations, without barriers or borders.
Try the BNKA swap. Move your money freely, safely and without overpaying.
If you have any questions about how Swap works—what it is, when it applies, or what to expect during the process—check our Swap FAQ for a clear, step-by-step explanation: https://bnka.com/en/faqs/operations/swap/what-is-swap
Your life crosses borders. Your money moves with you.
Open your account with your passport, get paid in euros and send home whenever you need to.
Informational content. This does not constitute financial, legal, tax or investment advice.
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