Want to wire money to Canada? Thinking about a bank wire to send the money to Canada? Before you go your bank to organise it, be sure to check the wire transfer fees. It may come as a shock as to how much the costs will be and depending on the amount of the transfer, it might make more sense to forward the money using another method.
What makes even worse is in addition to your bank adding a fee for sending the money to a place in Canada, the person getting the transfer may also be charged a fee at their end. A way to minimise the likelihood of this charge is to send the international wire transfer in the currency of their account.
To make a bank wire transfer to Canada, you will possibly need a SWIFT code. These are different codes for each financial institution and based on things such as the country and individual bank.
SWIFT Country Code
Central Bank Name
Bank of Canada