0
I would like to know who should pay the intermidiary bank fee in a bank telegraphic transfer, the sender or the received ?
Is the fee charge clearly stated on the bank transfer form ?
There is no hard and fast rule...it depends on the transaction and agreement about how payments are to be made for sure.
Without a specific agreement, I would think the costs of getting the payment to the one getting it is the cost of the givor. Just like if you write a check and mail it, or drive it over, ot take a taxi, or use cash and an armored car, you pay your own payment delivery charges, and the person getting it pays their own deposit/storage charges. I would also think, if you pay a charge by transfer, which requires the recipient to incur costs they wouldn't through other means of payment (say your use of a wire transfer means his bank charges him $20 to receive it), perhaps those costs are rightfully on the payor...but in todays world with electronic deposit being so common, that type of fee is not normally the case.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Fee structure of nust for aerospace engineering?
I want admission in aerospace engineering at nust. I need to know fee
What is the fee to submit the I130 form?
The fee to submit the I130 form is $420. Before submitting the form, one must make sure that the document is properly filled out, signed, and the full amount is available to pay the filing fee.
When are the forms for AIPMT available?
Commencement of Submission of Online Application - 01.12.2013Online Application Submission Last Date without Late Fee - 31.12.2013Period of submission of Online Application with late fee 01.01.2014 to 31.01.2014Last Date of Receipt of Confirmation Page in CBSE - Application without late fee 10.01.2014Last Date of Receipt of Confirmation Page in CBSE - Application with late fee 05.02.2014
Fee structure for diploma in engineering at university of Nairobi?
fees structure
What is the fee for SAP course and duration of the course?
in lakhs around 1.5 to 2
What is the meaning of Bank wire fee?
If you ask your bank to send money to someone electronically, it is called a wire transfer. The bank charges a fee for this service. So, if you wired $100 to me and the bank wire fee was $5, they would take $105 dollars from your account, send $100 to me and keep the other $5.
How do you transfer money from France to a Melbourne bank?
Almost any bank wire wire transfer the money for a small fee. Contact your bank.
What is the meaning of The Wire?
If you ask your bank to send money to someone electronically, it is called a wire transfer. The bank charges a fee for this service. So, if you wired $100 to me and the bank wire fee was $5, they would take $105 dollars from your account, send $100 to me and keep the other $5.
Do they have to charge a fee when someone will wire money through an account?
There is always a fee for wiring money, whether it be through Western Union or through a bank.
What are the requirements to wire money from the US to a UK bank?
The following things are required to do a wire transfer:MoneySender Bank Account DetailsReceiver NameReceiver Bank Account DetailsAll banks across the world can do a wire transfer as long as you have the above mentioned 4 items. They will charge you a fee for doing the wire transfer as well.
Who pays the bank fees in a wire transfer sender or recipient?
Usually the sender of the wire transfer pays a fee for sending the money. In most cases the receiving bank does not charge its customer any fee for receiving the money. However, if the money is sent overseas, the receiving bank may charge the recipient a fee for converting the money received from another country (which will be in foreign currency) into the local currency equivalent.
What required to do a wire transfer?
The following things are required to do a wire transfer:MoneySender Bank Account DetailsReceiver NameReceiver Bank Account DetailsAll banks across the world can do a wire transfer as long as you have the above mentioned 4 items. They will charge you a fee for doing the wire transfer as well.
What is the cheapest way to transfer about 8000 dollars from a bank in the US to one in Thailand?
A wire transfer, you can do that in the bank or over the phone with your bank. They cost a fee around $40 us dollars for any amount.
How can one perform no fee balance transfers?
A balance transfer with no fees depends on your bank. If you want to transfer money from your bank account to another person's bank account, it should be free if you belong to the same bank. If you do not belong to the same bank, you may be charged a fee to send the funds.
How do you transfer money from SBI account to Indian overseas bank?
The simplest way is through a "wire transfer" (which will, however, incur a fee). A wire transfer moves money from your current bank account to another account, whether in-state or out- of-state. There are some restrictions though, and these can be explained by the bank in which you currently have your account.
Can you sue banks?
Yes. If the bank does something that is not correct you can always sue the bank. For ex: if a bank charges you a fee for not maintaining your minimum balance even though you have sufficient balance in your account, you can raise a complaint with the bank to reverse the fee. If they fail to do so, you can sue them legally because what they did was wrong and you had enough balance in your account and they should have never charged you that fee.
What is the penalty for using the ATM of a bank that is not your bank?
you get a fee from the bank
