Want to send money to Laos? Thinking about a wire to send the money to Laos? Before you ask your bank to do it, be sure to check out the wire transfer fees. You may get a shock the amount the charges will be and depending on the amount, it might be better to have a look at the alternatives to send the money using another method.
What makes it worse is in addition to your bank adding a fee for sending the funds to a bank in Laos, the individual receiving the transfer will most likely also be charged a fee from the bank where they have their account. A way to minimise the likelihood of the fee is to send the international wire transfer in the currency of their account.
To process a bank wire transfer to Laos, you might need a SWIFT code. These are different codes for each bank and are based on a number of things including the individual banking institution and country.
Bank wire details for Laos
- Country – Laos
- SWIFT Country Code – LA
- Central Bank Name – Bank of the Lao PDR
- Currency – Kip
- Currency Code – LAK