Bank of America, JPMorgan Chase join new Swift framework

# Bank of America, JPMorgan Chase join new Swift framework

> Evidence tier: B1
> Evidence type: Independent payments-media report with comments from Bank of America, JPMorgan Payments, Swift and Celent
> Source: [American Banker — Payments Intelligence](https://www.americanbanker.com/payments/news/bank-of-america-jpmorgan-chase-join-new-swift-framework)
> Published: 2026-08-11
> Captured: 2026-08-12T01:34:20.288Z

## Source summary

American Banker reports that Bank of America and JPMorgan Chase are among about 60 banks in 25 countries adopting Swift's framework for lower-value international transfers. The framework combines upfront fee and FX visibility, transaction tracking and near-real-time recipient credit where local systems permit; Swift positions a fixed-fee option as an alternative to variable correspondent-bank charges.

## Why it matters

The framework targets the customer frictions that let transfer apps and stablecoin-based services gain share: uncertain deductions, slow delivery and poor tracking. Existing Swift connectivity may help banks scale the experience quickly, but the report does not disclose live payment volume, corridor-level pricing, the share arriving near instantly or measured savings versus newer rails.

## Key numbers

- **Banks backing the framework:** about 60
- **Countries represented:** 25

## Topics and entities

- Industry lane: Payment infrastructure
- Entities: Bank of America / JPMorgan Chase / Swift
- Payment infrastructure
- Cross-border payments

## Evidence and credibility note

Independent American Banker report. Adoption counts and product capabilities are attributed to Swift and participating banks; corridor pricing, live volume and achieved performance are not disclosed.

Date evidence: Automatically verified from article:published_time: 2026-08-11T19:04:31.095

## First-party corroboration

No directly corresponding A1 company announcement is currently linked.

## Original-source traceback

[Open the original American Banker — Payments Intelligence report](https://www.americanbanker.com/payments/news/bank-of-america-jpmorgan-chase-join-new-swift-framework)

---

This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.