How to Do an International Wire Transfer

How to Do an International Wire Transfer
Do an International Wire Transfer

Contact the foreign bank and collect the following information:

  1. Name of Bank
  2. Bank Identifier Code (BIC)
  3. Full address of the bank or branch address
  4. IBAN # if sending to Europe

Collect the following information from the beneficiary of the funds

  1. Name
  2. Account number
  3. 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.

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.