Want to wire money to Latvia? Are you considering a wire to send the money to Latvia? Before you visit your bank to do 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 dollar amount, it might be better to have a look at the alternatives to forward the money by other means.
What can make it even worse is in addition to your financial institution imposing a fee for sending the funds to a bank in Latvia, the recipient receiving the money transfer will possibly be charged a fee at their end. One way to minimise the likelihood of the charge is to remit the international wire transfer in the currency of their bank account.
To process a bank wire transfer to Latvia, you may need a SWIFT code. These are unique for each bank and are based on things including the bank and country.
SWIFT Country Code
Central Bank Name