Need to transfer money to Guatemala? Thinking about a bank wire to send the money to Guatemala? Before you go your financial institution to do it, make sure you check out the wire transfer fees. You might get a shock just what the costs will be and depending on the amount of the transfer, it might be better to forward the money by other means.
What makes worse is in addition to your bank imposing a fee for sending the money to a place in Guatemala, the person receiving the transfer of money will most likely also incur a fee at their end. A way to reduce the likelihood of this charge is to remit the international wire transfer in their designated currency.
To make a wire transfer to Guatemala, you may need a SWIFT code. These are different codes for each financial institution and based on things including the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Banco de Guatemala