FV Bank, the U.S. licensed digital bank offering a vertically integrated suite of traditional and digital asset banking and custody services, today announced its successful launch of its SWIFT code: ITTLPRS2XXX.
This strategic milestone is significant for FV Bank clients as it expands inbound wire options alongside stablecoin-based payment rails.
By integrating our SWIFT BIC code, FV Bank is able to receive deposits through an extensive network of over 11,000 financial institutions across more than 200 countries, significantly expanding its international cross-border payments capabilities.
Transactions through this integration will provide customers with secure, reliable, and efficient payment solutions through the world’s dominant traditional payment rail for international transactions and settlements.
"Our integration to the SWIFT network underscores our commitment to delivering comprehensive banking services that meet the diverse needs of our global clientele," said Miles Paschini, CEO of FV Bank. "While many U.S. banks can only offer domestic payments through ACH and Fedwire, our SWIFT deposit offering enables us to provide our customers unparalleled international payment options, reinforcing our vision of being a truly global bank."
FV Bank account holders who use SWIFT will now enjoy a simpler and more secure experience when receiving cross-border payments, with access to a global network of financial institutions.
"Enabling SWIFT into our service offerings not only broadens our payment capabilities but also aligns with our mission to provide secure, efficient, and compliant banking solutions," added Paschini. "This advancement solidifies FV Bank's position as a forward-thinking financial institution, dedicated to meeting the evolving needs of our customers in the global marketplace through traditional banking services and stablecoin payment rails."
With the SWIFT offering enabled as part of FV Bank’s suite of financial services, FV Bank now provides one of the most comprehensive banking solutions in the USA. When transacting, FV Bank clients can now choose from an array of domestic and international payment services including domestic wires, ACH, SWIFT, cross-border transactions in foreign currencies such as GBP and EUR, as well as support for multiple stablecoins including Circle’s USDC, PayPal’s PYUSD, and Tether’s USDT.