Need to transfer money to Estonia? Considering a bank wire to send the money to Estonia? Before you go your bank to organise it, be sure to check the wire transfer fees. You may get a shock just what the charges will be and depending on the amount of the transfer, it might not be worth sending the money by bank wire transfer to forward the money another way.
What makes more expensive is in addition to your financial institution imposing a fee for sending the money to a bank in Estonia, the individual getting the money transfer will most likely be charged a fee from the bank where they have their account. One way to minimise the possibilty of the charge is to remit the international wire transfer in the currency of their account.
To process a wire transfer to Estonia, you might need a SWIFT code. These are unique codes for each financial institution and are based on things including the bank and country.
SWIFT Country Code
Central Bank Name
Bank of Estonia