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
- Country – Faroe Islands
- SWIFT Country Code – FO
- Central Bank Name – Danmarks Nationalbank
- Currency – Danish Krone
- Currency Code – DKK