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 possibility 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.
Bank wire details for Paraguay
- Country – Paraguay
- SWIFT Country Code – PY
- Central Bank Name – Banco Central del Paraguay
- Currency – Guarani
- Currency Code – PYG