Need to send money to the Cayman Islands? Are you considering a bank wire to transfer money to the Cayman Islands? Before you go your bank to do it, be sure to check out the wire transfer fees. It might come as a shock the amount the charges will be and depending on the amount of the wire, it might be better to have a look at the alternatives to forward the money using another method.
What can make it worse is in addition to your financial institution adding a fee for sending the funds to a bank in the Cayman Islands, the person getting the transfer will probably incur a fee from their bank. A way to reduce the possibility of the charge is to send the international wire transfer in the currency of their account.
To make a bank wire transfer to the Cayman Islands, you may need a SWIFT code. These are different for each financial institution and are based on references such as the individual banking institution and country.
Bank wire details for the Cayman Islands
- Country – Cayman Islands
- SWIFT Country Code – KY
- Central Bank Name – Cayman Islands Monetary Authority
- Currency – Cayman Islands Dollar
- Currency Code – KYD