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What is a Local Payout?

A local payout sends funds using domestic banking networks, offering faster and lower-cost payments than SWIFT.

Intergiro Support avatar
Written by Intergiro Support
Updated this week

A local payout allows you to send funds through a country's domestic payment network instead of the international SWIFT system.

This service is designed to deliver payments faster and with lower fees, reducing the involvement of intermediary banks.

Supported Currencies and Networks

Currency

Country

Local Payment Network

GBP

United Kingdom

Faster Payments Service (FPS)

USD

United States

FedACH

DKK

Denmark

Straksclearing / Intradagclearing

NOK

Norway

Norwegian Interbank Clearing System

SEK

Sweden

RIX / Correspondent banking

PLN

Poland

Elixir

AUD

Australia

AusPayNet

How Does a Local Payout Work?

  1. Prepare the Funds Convert EUR or other balances to the required currency wallet if needed.

  2. Create the Payout Initiate a new payment in the Intergiro customer portal.

  3. Enter Details Provide full beneficiary details—including name, address, account information, amount, currency, and payment purpose.

  4. Select the Local Network Ensure you choose the local payout route for eligible currencies and destinations.

  5. Submit the Payment Confirm and send. Payments via local networks typically arrive faster than international SWIFT transfers.

Benefits of Local Payouts

  • Faster settlement times versus SWIFT

  • Lower transaction costs

  • Fewer intermediary banks, meaning less chance for delays

Considerations & Restrictions

  • Not all destinations or currencies are eligible; availability depends on your account and network policies.

  • Additional documentation or payment details may be required depending on local regulations.

  • Always double-check beneficiary details—local payouts are usually final and cannot be reversed once sent.

Additional Resources

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