Want to transfer money to Mozambique? Thinking about a bank wire to transfer the money to Mozambique? Before you visit your financial institution to organise it, make sure you check out the wire transfer fees. It may come as a shock how much the charges will be and depending on the amount of the wire, it might make more sense to send the money another way.
What makes it even more costly is in addition to your bank adding a fee for sending the funds to a bank in Mozambique, the recipient receiving the transfer will possibly also be charged a fee from the bank at their end. One way to minimise the likelihood of this fee is to send the international wire transfer in their designated currency.
To initiate a bank wire transfer to Mozambique, you might need a SWIFT code. These are different codes for each financial institution and based on things such as the individual banking institution and country.
Bank wire details for Mozambique
- Country – Mozambique
- SWIFT Country Code – MZ
- Central Bank Name – Banco de Moçambique
- Currency – Metical
- Currency Code – MZN