Contact the foreign bank and collect the following information:
- Name of Bank
- Bank Identifier Code (BIC)
- Full address of the bank or branch address
- IBAN # if sending to Europe
Collect the following information from the beneficiary of the funds
- Account number
- Complete address
Determine the amount of money you wish to send. Ensure the availability of the funds in your account. Remember, usually there is a fee for each international wire transfer. Shop around credit union banks for a good rate.
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After sending the wire, ask for a confirmation. Collect necessary information to track the wire transfer. Also ask the beneficiary bank for an email or fax confirming the receipt of funds.