Want to transfer money to Israel? Are you considering a bank wire to transfer money to Israel? Before you go your financial institution to organise it, be sure to check out the wire transfer fees. You might get a shock how much the charges will be and depending on the transfer amount, it might not be worth sending the money by bank wire transfer to forward the money another way.
What makes more expensive is in addition to your financial institution imposing a fee for sending the money to a bank in Israel, the person receiving the transfer of money will possibly be charged a fee from their bank. One way to minimise the possibilty of the charge is to send the international wire transfer in their designated currency.
To initiate a wire transfer to Israel, you might require a SWIFT code. These are unique codes for each financial institution and based on things including the country and individual bank.
SWIFT Country Code
Central Bank Name
Bank of Israel
New Israeli Shekel