Want to transfer money to the Netherlands? Considering a wire to send the money to the Netherlands? Before you go your financial institution to do it, make sure you check the wire transfer fees. You might get a shock just what the costs will be and depending on the amount of the wire, it might not be worth sending the money by bank wire transfer to send the money using another method.
What makes worse is in addition to your financial institution charging a fee for sending the funds to a bank in the Netherlands, the recipient receiving the transfer may incur a fee at their end. A way to minimise the possibilty of the fee is to send the international wire transfer in the currency of their bank account.
To process a wire transfer to the Netherlands, you might require a SWIFT code. These are different codes for each financial institution and are based on a number of things such as the country and individual bank.
SWIFT Country Code
Central Bank Name
De Nederlandsche Bank NV