Need to wire money to Barbados? Considering a wire to transfer money to Barbados? Before you visit your financial institution to organise it, be sure to check out the wire transfer fees. It might come as a shock how much the costs will be and depending on the dollar amount, it might be better to have a look at the alternatives to forward the money by other means.
What can make it more expensive is in addition to your bank imposing a fee for sending the money to a bank in Barbados, the individual getting the funds will possibly also be charged a fee at their end. One way to minimise the possibilty of this fee is to remit the international wire transfer in the currency of their bank account.
To initiate a wire transfer to Barbados, you will possibly require a SWIFT code. These are different for each bank and based on references including the bank and country.
SWIFT Country Code
Central Bank Name
Central Bank of Barbados