Need to send money to Dominica? Are you considering a wire to transfer money to Dominica? Before you visit your financial institution to organise it, make sure you check out the wire transfer fees. You may get a shock as to how much the charges will be and depending on the transfer amount, 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 charging a fee for sending the funds to a place in Dominica, the recipient receiving the transfer of money will most likely be charged a fee from their bank. One way to reduce the possibilty of this charge is to remit the international wire transfer in their local currency.
To initiate a bank wire transfer to Dominica, you will possibly need a SWIFT code. These are different for each financial institution and are based on things including the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Eastern Caribbean Central Bank
East Caribbean Dollar