Want to transfer money to Tanzania? Considering a bank wire to transfer money to Tanzania? Before you go your bank to organise it, make sure you check the wire transfer fees. It might come as a shock just what the fees and charges will be and depending on the dollar amount, it might be better to have a look at the alternatives to forward the money by other means.
What makes even more costly is in addition to your financial institution imposing a fee for sending the funds to a place in Tanzania, the recipient receiving the funds will probably also incur a fee at their end. One way to reduce the possibilty of this charge is to remit the international wire transfer in their local currency.
To make a wire transfer to Tanzania, you will possibly require a SWIFT code. These are unique for each financial institution and based on a number of things such as the bank and country.
SWIFT Country Code
Central Bank Name
Bank of Tanzania