Need to transfer money to Cyprus? Considering a wire to transfer money to Cyprus? Before you walk into your bank to organise it, be sure to check the wire transfer fees. It may come as a shock how much the costs will be and depending on the amount, it might be better to have a look at the alternatives to forward the money another way.
What can make it more expensive is in addition to your financial institution adding a fee for sending the funds to a place in Cyprus, the person receiving the money transfer will most likely be charged a fee at their end. A way to minimise the possibilty of the fee is to remit the international wire transfer in their local currency.
To make a bank wire transfer to Cyprus, you might need a SWIFT code. These are different codes for each financial institution and are based on references including the country and individual bank.
SWIFT Country Code
Central Bank Name
Central Bank of Cyprus