Australia is used here as an example. Also check out the laws of your own country as amounts of money that exceed a certain amount may require that sum of money to be declared to an government department for example. These laws may be found under laws related to international money transfers.
Banks may not always tell you about this (and give you more expensive options) or fully understand how it works as it’s possibly something that is not a common transaction–so do take the time to learn the basics for yourself if possible.
Internet Link: http://www.theswiftcodes.com/australia/
Shortened link to article: International Banking: Swift Codes or BIC codes [article]: http://wp.me/p10Tww-9T
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