Need to transfer money to Paraguay? Considering a bank wire to transfer the money to Paraguay? Before you visit your bank to do it, be sure to check the wire transfer fees. It might come as a shock just what the charges will be and depending on the amount of the wire, it might be better to have a look at the alternatives to forward the money by other methods.
What can make it even more costly is in addition to your financial institution charging a fee for sending the funds to a bank in Paraguay, the recipient receiving the transfer of money will probably also incur a fee from the bank where they have their account. A way to minimise the possibilty of the fee is to send the international wire transfer in the currency of their account.
To initiate a wire transfer to Paraguay, you will possibly require a SWIFT code. These are unique codes for each financial institution and are based on things such as the bank and country.
SWIFT Country Code
Central Bank Name
Banco Central del Paraguay