Want to wire money to Bolivia? Thinking about a bank wire to transfer the money to Bolivia? Before you go your bank to organise it, make sure you check the wire transfer fees. You may get a shock how much the fees will be and depending on the dollar amount, it might be better to send the money another way.
What makes even worse is in addition to your financial institution imposing a fee for sending the funds to a place in Bolivia, the recipient getting the transfer of money may also incur a fee from the bank where they have their account. A way to minimise the likelihood of this fee is to send the international wire transfer in the currency of their account.
To initiate a bank wire transfer to Bolivia, you will possibly need a SWIFT code. These are unique codes for each bank and are based on references including the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Banco Central de Bolivia