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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.
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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.
How can I request a wire transfer?
To request a wire transfer, you typically need to provide your bank with the recipient's name, account number, bank name, and routing number. You may also need to fill out a wire transfer form and pay a fee. Contact your bank for specific instructions on how to initiate a wire transfer.
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.
How can I do a wire transfer?
To do a wire transfer, you need to provide your bank with the recipient's account details, including their name, account number, and the receiving bank's information. You will also need to specify the amount you want to transfer. Your bank will then initiate the transfer electronically to the recipient's bank. Be prepared to pay a fee for the service.
How do you send a wire transfer?
To send a wire transfer, you typically need to provide your bank with the recipient's account information, including their name, account number, and the receiving bank's routing number. You may also need to fill out a wire transfer form and pay a fee. The bank will then electronically transfer the funds to the recipient's account.
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 I make a wire transfer?
To make a wire transfer, you typically need to provide your bank with the recipient's account details, including their name, account number, and the receiving bank's information. You may also need to fill out a wire transfer form and pay a fee. Once the information is verified, the bank will electronically transfer the funds to the recipient's account.
