Need to send money to Turkmenistan? Thinking about a wire to send the money to Turkmenistan? Before you ask your bank to organise it, be sure to check the wire transfer fees. You might get a shock as to how much the fees will be and depending on the amount of the transfer, it might be better to send the money using another method.
What makes more expensive is in addition to your bank imposing a fee for sending the funds to a place in Turkmenistan, the individual receiving the transfer of money may also be charged a fee at their end. A way to minimise the possibility of the fee is to send the international wire transfer in their local currency.
To make a wire transfer to Turkmenistan, you may require a SWIFT code. These are unique codes for each bank and are based on a number of things such as the individual banking institution and country.
Bank wire details for Turkmenistan
- Country – Turkmenistan
- SWIFT Country Code – TM
- Central Bank Name – Central Bank of Turkmenistan
- Currency – Manat
- Currency Code – TMT