Need to wire money to the United States? Considering a wire to send the money to the United States? Before you visit your bank to organise it, make sure you check the wire transfer fees. It may come as a shock the amount the charges 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 expensive is in addition to your bank imposing a fee for sending the funds to a bank in the United States, the recipient getting the money transfer will most likely incur a fee from the bank where they have their account. A way to reduce the likelihood of this fee is to remit the international wire transfer in their local currency.
To make a bank wire transfer to the United States, you may require a SWIFT code. These are different for each financial institution and are based on a number of things including the bank and country.
SWIFT Country Code
Central Bank Name
Federal Reserve System