Want to send money to Eritrea? Considering a bank wire to send the money to Eritrea? Before you visit your financial institution to organise it, be sure to check out the wire transfer fees. It may come as a shock how much the charges will be and depending on the dollar amount, it might be better to have a look at the alternatives to forward the money by other methods.
What can make it more expensive is in addition to your financial institution adding a fee for sending the money to a bank in Eritrea, the recipient receiving the money transfer will most likely also incur a fee at their end. One way to minimise the likelihood of the fee is to send the international wire transfer in the currency of their account.
To initiate a bank wire transfer to Eritrea, you might require a SWIFT code. These are different codes for each bank and are based on a number of things such as the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Bank of Eritrea