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The bank will either have a presence in the US itself, or it'll have a partner that does that it'll route the transaction through. If you've done a USD transfe

The bank will either have a presence in the US itself, or it'll have a partner that does that it'll route the transaction through. If you've done a USD transfer, it'll most likely be a SWIFT transfer, and you can ask your bank for the SWIFT routing log. You'll most likely see an NYC bank (or NYC branch of your bank) in the middle.

raverbashing 6y ago
I'm not sure about this. I think you're conflating SWIFT transfers with USD transfers USD is fully convertible https://www.kantox.com/en/glossary/fully-convertible-currency/ https://www.kantox.com/en/glossary/fully-convertible-currenc... I can "take dollars out of my pocket" and pay you without going through the US no problem
imhoguy 6y ago
USD transfers even within same non-US based bank let's say same example in Poland is done with SWIFT, but unlikely it goes thru NYC bank as the cost is none and the transfer is instant. SWIFT is used only for addressing and accounting in such case.
- PeterisP 6y ago
  Within the same bank it's just internal accounting. But when two different banks are involved, an USD transfer generally goes through USA.
  - dogma1138 6y ago
    No it doesn’t, https://en.m.wikipedia.org/wiki/Eurodollar https://en.m.wikipedia.org/wiki/Eurodollar. Not to mention that since the USD is a CLS/FCC currency you can perform correspondent banking transactions with it without having any government involved in the process.
HelloNurse 6y ago
SWIFT is a communication network, it replaces the letters and couriers ancient banks would have used to agree that payments have been ordered and funds have been moved. Payment don't "go through" any bank that hasn't been explicitly requested. The whole point of the SWIFT network is that it is global and it allows you to reach every branch of every bank. There are of course banks whose SWIFT processing is handled by someone else, but they are usually service bureaus or central offices within a conglomerate, not partners in a specific country.

raverbashing 6y ago

I'm not sure about this. I think you're conflating SWIFT transfers with USD transfers USD is fully convertible https://www.kantox.com/en/glossary/fully-convertible-currency/ https://www.kantox.com/en/glossary/fully-convertible-currenc... I can "take dollars out of my pocket" and pay you without going through the US no problem

imhoguy 6y ago

USD transfers even within same non-US based bank let's say same example in Poland is done with SWIFT, but unlikely it goes thru NYC bank as the cost is none and the transfer is instant. SWIFT is used only for addressing and accounting in such case.

PeterisP 6y ago
Within the same bank it's just internal accounting. But when two different banks are involved, an USD transfer generally goes through USA.
- dogma1138 6y ago
  No it doesn’t, https://en.m.wikipedia.org/wiki/Eurodollar https://en.m.wikipedia.org/wiki/Eurodollar. Not to mention that since the USD is a CLS/FCC currency you can perform correspondent banking transactions with it without having any government involved in the process.

HelloNurse 6y ago

SWIFT is a communication network, it replaces the letters and couriers ancient banks would have used to agree that payments have been ordered and funds have been moved. Payment don't "go through" any bank that hasn't been explicitly requested. The whole point of the SWIFT network is that it is global and it allows you to reach every branch of every bank. There are of course banks whose SWIFT processing is handled by someone else, but they are usually service bureaus or central offices within a conglomerate, not partners in a specific country.