UniCredit has introduced support for USD transfers within its foreign currency payments service, first announced in July 2025.
The feature will initially be available for clients in Italy, with a gradual roll-out expected across other markets in due course. The service allows retail and private banking customers to send money from euro accounts into different currencies at a speed comparable to domestic payments. It currently covers nine other major currencies, including the British pound, Swiss franc, Hong Kong dollar, Singapore dollar and Indian rupee. The addition of the US dollar is seen as particularly significant given its role as the world’s most widely used currency.
Collaboration with Bank of America
The service uses Bank of America’s clearing network for US dollar transactions, aiming to ensure quick settlement and transparent conversion rates. According to officials from UniCredit, the expansion reflects the institution’s strategy to develop a more comprehensive payments offering, one that aligns with broader changes in the global payments landscape. They highlighted that demand for faster and more straightforward international money transfers has grown as customer expectations evolve.
Representatives from Bank of America said the partnership is an example of how financial institutions are working together to adapt to client needs. They noted that speed and convenience have become essential characteristics for cross-border transfers, and the collaboration aims to meet those requirements.
Through UniCredit’s mobile banking app, customers can already initiate international transfers in just a few steps. Payments into US dollars are converted in real time, with funds typically reaching the recipient within seconds.
UniCredit has indicated that further markets and currencies are likely to be added as the service develops, forming part of its long-term plan to strengthen its payments infrastructure.
