Need to send money to Dominica? Are you considering a wire to transfer money to Dominica? Before you visit your financial institution to organise it, make sure you check out the wire transfer fees. You may get a shock as to how much the charges will be and depending on the transfer amount, it might be better to have a look at the alternatives to forward the money using another method.
What can make it worse is in addition to your financial institution charging a fee for sending the funds to a place in Dominica, the recipient receiving the transfer of money will most likely be charged a fee from their bank. One way to reduce the possibility of this charge is to remit the international wire transfer in their local currency.
To initiate a bank wire transfer to Dominica, you will possibly need a SWIFT code. These are different for each financial institution and are based on things including the individual banking institution and country.
Bank wire details for Dominica
- Country – Dominica
- SWIFT Country Code – DM
- Central Bank Name – Eastern Caribbean Central Bank
- Currency – East Caribbean Dollar
- Currency Code – XCD