Need to wire money to Zambia? Thinking about a bank wire to transfer the money to Zambia? Before you go your bank to organise it, make sure you check the wire transfer fees. You might get a shock the amount the fees will be and depending on the amount of the transfer, it might make more sense to forward the money another way.
What can make it even worse is in addition to your bank imposing a fee for sending the funds to a place in Zambia, the person receiving the money transfer will possibly also be charged a fee from the bank at their end. A way to reduce the likelihood of the fee is to remit the international wire transfer in their designated currency.
To initiate a bank wire transfer to Zambia, you may require a SWIFT code. These are unique codes for each financial institution and are based on references such as the country and individual bank.
SWIFT Country Code
Central Bank Name
Bank of Zambia