Want to send money to Ecuador? Are you considering a wire to transfer money to Ecuador? Before you walk into your financial institution to do it, make sure you check out the wire transfer fees. It may come as a shock just what the fees will be and depending on the transfer amount, it might be better to have a look at the alternatives to forward the money by other means.
What makes more costly is in addition to your financial institution charging a fee for sending the money to a place in Ecuador, the person receiving the transfer will probably also be charged a fee at their end. A way to reduce the possibilty of this fee is to send the international wire transfer in the currency of their account.
To make a bank wire transfer to Ecuador, you will possibly need a SWIFT code. These are different codes for each financial institution and are based on things including the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Banco Central del Ecuador