Want to send money to Bermuda? Thinking about a bank wire to send the money to Bermuda? Before you visit your bank to do it, be sure to check the wire transfer fees. You may get a shock just what the charges will be and depending on the amount, it might not be worth sending the money by bank wire transfer to send the money another way.
What can make it worse is in addition to your financial institution adding a fee for sending the money to a place in Bermuda, the recipient getting the transfer will possibly also incur a fee from their bank. A way to minimise the possibilty of this charge is to send the international wire transfer in the currency of their bank account.
To initiate a bank wire transfer to Bermuda, you will possibly 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
Bermuda Monetary Authority