Want to transfer money to Iran? Are you considering a bank wire to transfer the money to Iran? Before you visit your bank to organise it, make sure you check out the wire transfer fees. You might get a shock as to how much the charges will be and depending on the amount, it might be better to have a look at the alternatives to send the money by other means.
What makes even worse is in addition to your financial institution charging a fee for sending the funds to a place in Iran, the individual receiving the funds will probably incur a fee from the bank at their end. One way to minimise the possibilty of this charge is to remit the international wire transfer in their designated currency.
To initiate a wire transfer to Iran, you might need a SWIFT code. These are different codes for each financial institution and based on references including the bank and country.
SWIFT Country Code
Central Bank Name
Bank Markazi Jomhouri Islami Iran