Need to transfer money to the United Kingdom? Thinking about a bank wire to transfer money to the United Kingdom? Before you walk into your financial institution to organise it, be sure to check the wire transfer fees. You may get a shock how much the charges will be and depending on the amount of the transfer, it might make more sense to send the money by other means.
What can make it worse is in addition to your bank adding a fee for sending the money to a place in the United Kingdom, the person getting the transfer of money will most likely be charged a fee from the bank at their end. A way to reduce the likelihood of this fee is to remit the international wire transfer in the currency of their bank account.
To process a bank wire transfer to the United Kingdom, you will possibly need a SWIFT code. These are different codes for each financial institution and are based on a number of things including the bank and country.
Bank wire details for the United Kingdom
- Country – United Kingdom
- SWIFT Country Code – GB
- Central Bank Name – Bank of England
- Currency – Pound Sterling
- Currency Code – GBP