In July 2025, UniCredit introduced a feature that supports USD transfers within its foreign currency payments service.

Initially, the service will be available for clients in Italy and is expected to roll out gradually across other markets. This development allows retail and private banking customers to send money from euro accounts into different currencies at speeds comparable to domestic payments. Currently, the service covers nine major currencies, including the British pound, Swiss franc, Hong Kong dollar, Singapore dollar, and Indian rupee. The inclusion of the US dollar is particularly significant given its global prominence as a widely used currency.

Bank of America Collaboration

UniCredit’s USD transfer service leverages Bank of America’s clearing network for US dollar transactions to ensure quick settlement and transparent exchange rates. According to UniCredit officials, this expansion underscores the institution’s commitment to offering a more comprehensive payments solution that aligns with broader trends in the global financial landscape. They noted that there has been increased demand for faster and simpler international money transfers as customer expectations have evolved.

Bank of America representatives indicated that their partnership is indicative of how financial institutions are collaborating to meet client needs. They stressed that speed and convenience have become essential characteristics for cross-border transfers, and the collaboration aims to fulfill these requirements.

Through UniCredit’s mobile banking app, customers can now 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 stated that it plans to add further markets and currencies as part of its strategy to strengthen its payments infrastructure over the long term.