Want to transfer money to Algeria? Considering a wire to transfer the money to Algeria? Before you visit your bank to organise it, make sure you check out the wire transfer fees. You might get a shock as to how much the fees will be and depending on the amount, it might make more sense to forward the money by other methods.
What makes even more costly is in addition to your financial institution charging a fee for sending the funds to a bank in Algeria, the person receiving the money transfer may be charged a fee from the bank at their end. A way to minimise the possibilty of the charge is to remit the international wire transfer in the currency of their account.
To process a bank wire transfer to Algeria, you might require a SWIFT code. These are unique for each bank and are based on things such as the individual banking institution and country.
SWIFT Country Code
Central Bank Name