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Let’s be honest — traditional international payments are a mess.
Long wait times, high fees, and complicated processes make sending money across borders feel like it’s still stuck in the 1990s.
Meanwhile, fintechs and global platforms are already offering faster, cheaper, and more user-friendly solutions.
The good news? Credit unions don’t have to fall behind.
With the right technology, international payments can be simple, fast, and cost-effective — giving your members better options while keeping them engaged with your institution.
Here’s how we make it happen. 👇
The Problem: Traditional Cross-Border Payments Are Broken
📉 High Fees & Hidden Costs — Traditional wire transfers cost members up to $100 per transaction, and intermediary banks tack on even more charges.
🐢 Slow Transactions — International wires can take days, causing delays when members need money moved instantly.
⚠️ Complexity & Friction — Members face cumbersome paperwork, manual processing, and long wait times — making international payments an exhausting experience.
And let’s not forget — your members already have alternatives like crypto, fintech wallets, and borderless banking apps.
If your credit union doesn’t offer a better solution, they’ll find one elsewhere.
The Solution: International Payments with BankSocial
At BankSocial, we’re eliminating the friction and replacing it with a smarter, faster, and more affordable way to send money globally.
🔹 Real-Time International Transfers — No more waiting days — money arrives instantly so members can send and receive funds in real-time.
🔹 Low, Transparent Fees — Save members up to 95% compared to traditional wire fees with clear, predictable pricing.
🔹 Seamless Mobile Experience — Members can send cross-border payments directly from their phone, without lengthy forms or branch visits.
🔹 Fully Compliant & Secure — Meets KYC, AML, and BSA regulations, ensuring every transaction is safe and regulatory-compliant.
🔹 Vendor-Agnostic & Easy to Integrate — Plug-and-play solutions make it seamless for credit unions to implement without major infrastructure overhauls.
This isn’t just an upgrade — it’s a revolution for international payments. 🚀
How Credit Unions Benefit
💰 Increase Revenue — Competitive international payment services generate new revenue streams while offering cost savings to members.
📊 Boost Member Retention — Provide a faster, more affordable alternative so members don’t look elsewhere for global transactions.
🔗 Stay Competitive with Fintechs & Banks — Offer a modern, digital-first experience that competes with top-tier global financial platforms.
✅ Strengthen Member Trust & Loyalty — A seamless, secure experience keeps members coming back to your credit union instead of using third-party apps.
The Future of Cross-Border Payments is Here
The demand for faster, cheaper, and smarter international payments is only growing. The question is — will your credit union be ready?
With BankSocial, integrating real-time, low-cost international payments has never been easier.
📩 Let’s build the future of global payments together:
https://www.banksocial.io/connect#get-in-touch
