Need to transfer money to the Faroe Islands? Considering a wire to transfer the money to the Faroe Islands? Before you visit your bank to organise it, be sure to check the wire transfer fees. You may get a shock the amount the costs will be and depending on the amount of the transfer, it might be better to have a look at the alternatives to forward the money another way.
What makes it even worse is in addition to your bank charging a fee for sending the funds to a place in the Faroe Islands, the individual getting the funds will most likely be charged a fee at their end. A way to minimise the likelihood of the fee is to send the international wire transfer in their local currency.
To initiate a bank wire transfer to the Faroe Islands, you will possibly require a SWIFT code. These are unique for each financial institution and are based on things such as the bank and country.
Bank wire details for the Faroe Islands
SWIFT Country Code
Central Bank Name