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 possibility 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.
Bank wire details for Cyprus
- Country – Cyprus
- SWIFT Country Code – CY
- Central Bank Name – Central Bank of Cyprus
- Currency – Euro
- Currency Code – EUR