Need to send money to Monaco? Are you considering a bank wire to send the money to Monaco? Before you go your financial institution to do it, be sure to check out the wire transfer fees. You may get a shock how much the costs will be and depending on the transfer amount, it might make more sense to forward the money another way.
What can make it even worse is in addition to your bank adding a fee for sending the money to a bank in Monaco, the individual getting the transfer of money will probably be charged a fee at their end. A way to reduce the likelihood of this charge is to send the international wire transfer in their designated currency.
To make a bank wire transfer to Monaco, you may need a SWIFT code. These are unique for each financial institution and are based on things such as the individual banking institution and country.
Bank wire details for Monaco
- Country – Monaco
- SWIFT Country Code – MC
- Central Bank Name – n/a
- Currency – Euro
- Currency Code – EUR