Want to send money to Egypt? Thinking about a bank wire to transfer money to Egypt? Before you walk into your bank to do it, make sure you check the wire transfer fees. You may get a shock the amount the charges will be and depending on the amount of the wire, it might not be worth sending the money by bank wire transfer to forward the money by other methods.
What makes it more costly is in addition to your financial institution adding a fee for sending the funds to a bank in Egypt, the recipient receiving the transfer will possibly be charged a fee at their end. A way to reduce the possibility of this charge is to send the international wire transfer in the currency of their bank account.
To process a wire transfer to Egypt, you will possibly need a SWIFT code. These are unique codes for each bank and are based on a number of things such as the individual banking institution and country.
Bank wire details for Egypt
- Country – Egypt
- SWIFT Country Code – EG
- Central Bank Name – Central Bank of Egypt
- Currency – Egyptian Pound
- Currency Code – EGP