Want to transfer money to Bulgaria? Considering a bank wire to send the money to Bulgaria? Before you go your financial institution to do it, be sure to check out the wire transfer fees. You might get a shock as to how much the fees and charges will be and depending on the transfer amount, it might be better to have a look at the alternatives to send the money using another method.
What makes even more costly is in addition to your bank charging a fee for sending the funds to a place in Bulgaria, the individual getting the money transfer will probably incur a fee from the bank at their end. One way to reduce the likelihood of this charge is to send the international wire transfer in the currency of their bank account.
To process a bank wire transfer to Bulgaria, you may need a SWIFT code. These are different codes for each bank and are based on a number of things including the country and individual bank.
SWIFT Country Code
Central Bank Name
Bulgarska Narodna Banka