Want to wire money to Portugal? Considering a bank wire to send the money to Portugal? Before you visit your bank to organise it, make sure you check out the wire transfer fees. You may get a shock the amount the costs will be and depending on the amount of the wire, it might be better to have a look at the alternatives to send the money using another method.
What makes even worse is in addition to your financial institution adding a fee for sending the money to a bank in Portugal, the recipient receiving the money transfer will most likely be charged a fee from their bank. A way to minimise the likelihood of this charge is to remit the international wire transfer in the currency of their bank account.
To make a wire transfer to Portugal, you might require a SWIFT code. These are unique codes for each bank and based on a number of things including the bank and country.
SWIFT Country Code
Central Bank Name
Banco de Portugal