Need to send money to Libya? Considering a wire to transfer the money to Libya? Before you go your bank to organise it, be sure to check out the wire transfer fees. It might come as a shock the amount the fees will be and depending on the amount of the transfer, it might make more sense to send the money using another method.
What can make it more costly is in addition to your financial institution charging a fee for sending the money to a place in Libya, the individual getting the transfer of funds will probably also be charged a fee at their end. A way to reduce the likelihood of the charge is to send the international wire transfer in their local currency.
To make a bank wire transfer to Libya, you will possibly need a SWIFT code. These are unique codes for each financial institution and based on a number of things such as the country and individual bank.
Bank wire details for Libya
- Country – Libya
- SWIFT Country Code – LY
- Central Bank Name – Central Bank of Libya
- Currency – Libyan Dinar
- Currency Code – LYD