Need to transfer money to Timor-Leste? Thinking about a bank wire to transfer money to Timor-Leste? Before you walk into your bank to do it, be sure to check out the wire transfer fees. It might come as a shock as to how much the fees will be and depending on the transfer amount, it might be better to have a look at the alternatives to send the money using another method.
What makes more costly is in addition to your financial institution adding a fee for sending the money to a bank in Timor-Leste, the recipient receiving the transfer of money may also incur a fee from their bank. One way to reduce the likelihood of the charge is to remit the international wire transfer in the currency of their bank account.
To initiate a bank wire transfer to Timor-Leste, you may need a SWIFT code. These are different codes for each bank and based on a number of things such as the individual banking institution and country.
Bank wire details for Timor-Leste
- Country – Timor-Leste
- SWIFT Country Code – TL
- Central Bank Name – Banking & Payments Authority of Timor-Leste
- Currency – US Dollar
- Currency Code – USD