Want to wire money to Mali? Are you considering a bank wire to send the money to Mali? Before you walk into your financial institution to do it, make sure you check out the wire transfer fees. It might come as a shock how much the fees and charges will be and depending on the amount of the wire, it might not be worth sending the money by bank wire transfer to forward the money using another method.
What makes more expensive is in addition to your bank imposing a fee for sending the funds to a place in Mali, the individual receiving the funds will most likely incur a fee from their bank. A way to reduce the possibilty of the charge is to send the international wire transfer in their local currency.
To make a wire transfer to Mali, you might require a SWIFT code. These are unique codes for each financial institution and based on a number of things such as the bank and country.
SWIFT Country Code
Central Bank Name
Banque Centrale des Etats de l’Afrique de l’Ouest