Need to send money to Kyrgyzstan? Considering a bank wire to transfer the money to Kyrgyzstan? Before you ask your financial institution to do it, make sure you check out the wire transfer fees. It may come as a shock just what the fees and charges will be and depending on the amount of the transfer, it might be better to have a look at the alternatives to send the money using another method.
What makes it more costly is in addition to your financial institution charging a fee for sending the funds to a place in Kyrgyzstan, the recipient receiving the transfer of funds will possibly also incur a fee from the bank where they have their account. One way to reduce the likelihood of the charge is to remit the international wire transfer in their local currency.
To process a bank wire transfer to Kyrgyzstan, you might need a SWIFT code. These are different codes for each bank and based on things such as the country and individual bank.
Bank wire details for Kyrgyzstan
- Country – Kyrgyzstan
- SWIFT Country Code – KG
- Central Bank Name – National Bank of the Kyrgyz Republic
- Currency – Som
- Currency Code – KGS