It’s just how banks tell one another money is coming to them. Without Swift mone... | Hacker News

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		sealthedeal on Feb 26, 2022 \| parent \| context \| favorite \| on: A quick breakdown of what SWIFT is and why it matt... It’s just how banks tell one another money is coming to them. Without Swift money would just be showing up and no one would know wtf was going on.

baby on Feb 26, 2022 [–]

I'm not sure I understand, how does "money show up"? Do you mean that bank A doesn't have an account at bank Z, so they must take another route A -> B -> Z, and thus at some point bank B might credit bank Z account and bank A needs to tell that to bank Z?

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