Want to transfer money to Benin? Are you considering a bank wire to transfer money to Benin? Before you go your financial institution to do it, be sure to check the wire transfer fees. You may get a shock just what the fees and charges will be and depending on the amount of the wire, it might make more sense to send the money by other methods.
What can make it more expensive is in addition to your financial institution adding a fee for sending the money to a bank in Benin, the individual receiving the transfer of money will probably incur a fee at their end. One way to reduce the possibilty of the charge is to remit the international wire transfer in their local currency.
To process a bank wire transfer to Benin, you might need a SWIFT code. These are different codes for each bank and are based on references such as the bank and country.
SWIFT Country Code
Central Bank Name
Banque Centrale des Etats de l’Afrique de l’Ouest