Need to transfer money to Nicaragua? Considering a bank wire to send the money to Nicaragua? Before you ask your financial institution to organise it, make sure you check the wire transfer fees. It might come as a shock as to how much the costs will be and depending on the transfer amount, it might be better to have a look at the alternatives to forward the money by other means.
What can make it more expensive is in addition to your bank imposing a fee for sending the funds to a bank in Nicaragua, the individual receiving the transfer will probably be charged a fee from their bank. A way to minimise the possibilty of this charge is to send the international wire transfer in the currency of their bank account.
To initiate a bank wire transfer to Nicaragua, you will possibly need a SWIFT code. These are different for each bank and based on things including the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Banco Central de Nicaragua