Need to transfer money to El Salvador? Are you considering a wire to send the money to El Salvador? Before you visit your financial institution to organise it, make sure you check the wire transfer fees. You may get a shock just what the fees and charges will be and depending on the amount, it might not be worth sending the money by bank wire transfer to forward the money another way.
What can make it even worse is in addition to your bank charging a fee for sending the money to a bank in El Salvador, the recipient receiving the money transfer will probably be charged a fee from their bank. One way to minimise the possibilty of the charge is to remit the international wire transfer in their designated currency.
To initiate a wire transfer to El Salvador, you will possibly need a SWIFT code. These are different codes for each financial institution and based on things including the bank and country.
SWIFT Country Code
Central Bank Name
Banco Central de Reserva de El Salvador
El Salvador Colon