what about the 90 day reporting if the online system doesn't work?

@Jesper ******

Bangkok Bank is a Thai bank isn't it?

@Todd ********

the UK and France have also done a great job.

@Todd ********

should have stuck with Biden and his auto pen 🤣🤣🤣🤣🤣

@Frank ***************

1 bath

Yes, the USA banking system uses SWIFT. Here’s a clear explanation of what SWIFT is and how it fits into the U.S. banking system:

⸻

✅ What is SWIFT?

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication.

It’s a global messaging network that banks and other financial institutions use to securely send and receive information (such as payment instructions) across borders.

• Founded: 1973

• Headquarters: Belgium

• Members: Over 11,000 institutions in 200+ countries

⸻

🔍 What SWIFT Does (and Does NOT Do)

SWIFT DOES SWIFT DOES NOT

Sends secure payment instructions between banks Move money or hold funds

Provides standardized formats for financial messages Act as a bank or settlement service

Supports global cross-border payments Charge or collect interest

⸻

🏦 How the USA Uses SWIFT

U.S. banks use SWIFT primarily for international wire transfers. Here’s how:

1. Customer Request: You ask your U.S. bank to send money to a bank in another country.

2. SWIFT Message: The U.S. bank sends a SWIFT message (usually a MT103 for payments) to the receiving bank with instructions.

3. Funds Settlement: Actual money is moved via correspondent banks or central bank systems, based on the SWIFT instructions.

💡 Example:

Sending $10,000 from Bank of America to a bank in Germany — the transaction uses the SWIFT network to tell the German bank when and how to credit the recipient.

⸻

🧩 Related U.S. Systems (for comparison)

• Fedwire: Real-time gross settlement system used within the U.S. for domestic large-value transfers.

• CHIPS: Private clearing house for large domestic and international USD transactions.

• ACH: Low-cost batch processing system for domestic direct deposits, bill payments, etc.

⸻

🔐 Why SWIFT Matters

• Secure and reliable

• Standardized format across countries

• Critical for global trade and finance

⸻

Let me know if you want a simple diagram or real-world example of a SWIFT transaction.

90 days from the visa start date.

@Andre **********

or 4 months 😆

@Mel *******

good advice. We did ours in 2023 and 2025.

You have to still report to immigration office every 90 days