Want to send money to Georgia? Considering a bank wire to send the money to Georgia? Before you ask your financial institution to do it, be sure to check out the wire transfer fees. It might come as a shock how much the fees will be and depending on the transfer amount, it might be better to send the money using another method.
What can make it even worse is in addition to your financial institution adding a fee for sending the funds to a place in Georgia, the individual getting the transfer of money will possibly also be charged a fee at their end. A way to reduce the possibilty of this charge is to remit the international wire transfer in the currency of their bank account.
To initiate a wire transfer to Georgia, you may need a SWIFT code. These are different for each bank and based on references such as the individual banking institution and country.
SWIFT Country Code
Central Bank Name
National Bank of Georgia