Quote:
Originally Posted by Screwed Up
I've been in the middle of a dispute between ccbill and my bank now. Ccbill charges $30 to send a wire, my bank $18 to receive one (fucking 3rd world bullshit). Anyway, somehow in the middle appeared an -what they call- intermediary bank. Beats me, why such a thing is even necessary. But this intermediary bank, which is the same Bank of America as ccbill just another branch, charges $47. WHY THE FUCK, THIS BANK I HAVE NO BIZZ WITH CHARGES MORE THAN BOTH!!
*END RANT*
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CCBill is not a bank, they charge you a wire fee to do the manual paper work/etc. Bank of America Charges 45 for international wires, not 47 and this is regulated by the Fed and in the end the fed is the one who charges since the wires go through the fed for processing.
However your bank receiving a wire is screwing you because it costs nothing to "receive" this is your bank just making their money. Banks make most of their money off fee's.