Want to transfer money to Serbia? Are you considering a bank wire to send the money to Serbia? Before you ask your bank to organise it, be sure to check out the wire transfer fees. You might get a shock the amount the costs will be and depending on the amount, it might make more sense to send the money by other methods.
What makes even more costly is in addition to your bank charging a fee for sending the funds to a place in Serbia, the recipient receiving the transfer of funds will probably incur a fee at their end. One way to minimise the possibilty of this fee is to send the international wire transfer in the currency of their bank account.
To process a wire transfer to Serbia, you may require a SWIFT code. These are unique for each financial institution and based on a number of things such as the country and individual bank.
SWIFT Country Code
Central Bank Name
National Bank of Serbia