Need to wire money to the Marshall Islands? Thinking about a wire to send the money to the Marshall Islands? Before you walk into your bank to do it, be sure to check the wire transfer fees. You may get a shock just what the costs will be and depending on the amount, it might be better to have a look at the alternatives to forward the money using another method.
What can make it more expensive is in addition to your financial institution imposing a fee for sending the funds to a bank in the Marshall Islands, the person receiving the transfer will most likely also incur a fee from the bank at their end. A way to reduce the likelihood of this charge is to send the international wire transfer in their designated currency.
To initiate a bank wire transfer to the Marshall Islands, you might need a SWIFT code. These are different codes for each financial institution and based on references including the bank and country.
SWIFT Country Code
Central Bank Name