Want to send money to Ecuador? Are you considering a wire to transfer money to Ecuador? Before you walk into your financial institution to do it, make sure you check out the wire transfer fees. It may come as a shock just what the fees will be and depending on the transfer amount, it might be better to have a look at the alternatives to forward the money by other means.
What makes it more costly is in addition to your financial institution charging a fee for sending the money to a place in Ecuador, the person receiving the transfer will probably also be charged a fee at their end. A way to reduce the possibility of this fee is to send the international wire transfer in the currency of their account.
To make a bank wire transfer to Ecuador, you will possibly need a SWIFT code. These are different codes for each financial institution and are based on things including the individual banking institution and country.
Bank wire details for Ecuador
- Country – Ecuador
- SWIFT Country Code – EC
- Central Bank Name – Banco Central del Ecuador
- Currency – US Dollar
- Currency Code – USD