Want to send money to Albania? Considering a bank wire to transfer money to Albania? Before you visit your bank to do it, be sure to check the wire transfer fees. You may get a shock how much the fees will be and depending on the dollar amount, it might not be worth sending the money by bank wire transfer to send the money using another method.
What makes even worse is in addition to your financial institution adding a fee for sending the funds to a place in Albania, the person receiving the money transfer will most likely also be charged a fee from the bank at their end. One way to reduce the likelihood of this fee is to send the international wire transfer in the currency of their account.
To initiate a wire transfer to Albania, you might need a SWIFT code. These are unique for each financial institution and based on a number of things including the country and individual bank.
SWIFT Country Code
Central Bank Name
Bank of Albania