Need to wire money to Rwanda? Are you considering a wire to send the money to Rwanda? Before you ask your bank to organise it, be sure to check out the wire transfer fees. It may come as a shock how much the fees and charges will be and depending on the dollar amount, it might not be worth sending the money by bank wire transfer to send the money using another method.
What can make it even worse is in addition to your bank charging a fee for sending the money to a bank in Rwanda, the individual receiving the money transfer will probably incur a fee at their end. One way to minimise the possibilty of the fee is to remit the international wire transfer in the currency of their bank account.
To process a bank wire transfer to Rwanda, you will possibly require a SWIFT code. These are different codes for each financial institution and are based on a number of things including the bank and country.
SWIFT Country Code
Central Bank Name
Banque Nationale du Rwanda