general wire transfer question - GoFuckYourself.com

brilsmurf · 08-06-2005, 06:24 AM

hi, i just returend from my bank asking a question about wire transfers and they looked at my with a face like 'i dunno'

so here goes:

i live in belgium, and i am expecting a wire transfer from company X
how much shall i have to pay to receive the wire transfer?

i look at the site of my bank and it says:
1/OR all costs are for the sender
2/OR all costs for the receiver
3/OR split costs

But i pay company X 50$ for the international wire, so is those 50$ to cover nr 2 or nr 3
or is it still possible i will have to pay all costs
(the bank coudnt tell me what they were going to be: thay said: you will see how much is left after deduction of the costs (!) VERY helpfull lol

)

thanx for your help!

Jakke PNG · 08-06-2005, 06:27 AM

The guy who sends the wire can choose what expenses he wants to pay.
When I send out wires I always pay all expenses, but I think I just may be too nice.

DanielS · 08-06-2005, 06:31 AM

The sender's bank charges the sender (usually $35). Then, your bank could charge you a comission (some %) for processing the incoming transfer and depositing the money in your account.

brilsmurf · 08-06-2005, 06:34 AM

ok thanx for the help people!

Dirty Dane · 08-06-2005, 06:42 AM

$50 is alot for a standard wire transfer, but if they say 50 then it must be per transfer and it should cover all costs. Maybe a fee is set, in my bank its usually about $5 no matter how much and where it came from.

Transfers within EU countries does not cost that much, usually around 15-20. Even cheaper if banks with international departments are used.

Jakke PNG · 08-06-2005, 06:43 AM

Quote:

Originally Posted by max2003

The sender's bank charges the sender (usually $35). Then, your bank could charge you a comission (some %) for processing the incoming transfer and depositing the money in your account.

..and the sender can choose to pay ALL costs.

Pornopat · 08-06-2005, 09:32 AM

No matter what the sender chooses. You will get probably get fucked both ways. You will have to pay like $30 for the transfer from the USA and about 30 euro for receiving it in Belgium.

This is a shame but not much we can do. That is why I still go for cheques or epassporte

DateDoc · 08-06-2005, 09:37 AM

You'll likely get stuck with a fee. If the money is coming from a sponsor I doubt the sender tacked on extra dollars for your fees at your end. The sponsor probably has the thinking that this is how you chose to receive payment therefore the expenses on your end are yours. $50.00 is high though but there may also be a currency conversion fee as well too. Oh, and if your bank has no idea what there fees are you might want to find a new bank.

Calvinguy · 08-06-2005, 11:06 AM

Even as I pay CCBill a wiretransfer fee I am charged a incoming fee also

DateDoc · 08-06-2005, 11:08 AM

Quote:

Originally Posted by Calvinguy

Even as I pay CCBill a wiretransfer fee I am charged a incoming fee also

Yup, since you want them to wire they are making you pay their banks fees and then your bank is charging you to receive it. Banks make money every which way they can.

08-06-2005, 06:24 AM	#1
brilsmurf Confirmed User Join Date: Feb 2005 Location: Belgium Posts: 3,405	general wire transfer question hi, i just returend from my bank asking a question about wire transfers and they looked at my with a face like 'i dunno' so here goes: i live in belgium, and i am expecting a wire transfer from company X how much shall i have to pay to receive the wire transfer? i look at the site of my bank and it says: 1/OR all costs are for the sender 2/OR all costs for the receiver 3/OR split costs But i pay company X 50$ for the international wire, so is those 50$ to cover nr 2 or nr 3 or is it still possible i will have to pay all costs (the bank coudnt tell me what they were going to be: thay said: you will see how much is left after deduction of the costs (!) VERY helpfull lol ) thanx for your help! __________________ The Best Adult Web Hosting of 2008 - http://www.adulthosting.com Affiliate Program – http://www.sxcash.com

08-06-2005, 06:27 AM	#2
Jakke PNG ex-TeenGodFather Industry Role: Join Date: Nov 2001 Location: Suomi Finland Perkele Posts: 20,306	The guy who sends the wire can choose what expenses he wants to pay. When I send out wires I always pay all expenses, but I think I just may be too nice. __________________ ..and I'm off.

08-06-2005, 06:34 AM	#4
brilsmurf Confirmed User Join Date: Feb 2005 Location: Belgium Posts: 3,405	ok thanx for the help people! __________________ The Best Adult Web Hosting of 2008 - http://www.adulthosting.com Affiliate Program – http://www.sxcash.com

08-06-2005, 09:32 AM	#7
Pornopat AdultTubeSubmits.com Industry Role: Join Date: Dec 2003 Location: The Netherlands Posts: 10,598	No matter what the sender chooses. You will get probably get fucked both ways. You will have to pay like $30 for the transfer from the USA and about 30 euro for receiving it in Belgium. This is a shame but not much we can do. That is why I still go for cheques or epassporte __________________ https://stripcash.com/sign-up/?userI...fff832eb95ab6a

08-06-2005, 09:37 AM	#8
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	You'll likely get stuck with a fee. If the money is coming from a sponsor I doubt the sender tacked on extra dollars for your fees at your end. The sponsor probably has the thinking that this is how you chose to receive payment therefore the expenses on your end are yours. $50.00 is high though but there may also be a currency conversion fee as well too. Oh, and if your bank has no idea what there fees are you might want to find a new bank. __________________

08-06-2005, 06:31 AM	#3
DanielS Registered User Join Date: Apr 2003 Posts: 569	The sender's bank charges the sender (usually $35). Then, your bank could charge you a comission (some %) for processing the incoming transfer and depositing the money in your account.

08-06-2005, 06:42 AM	#5
Dirty Dane Sick Fuck Industry Role: Join Date: Feb 2004 Location: www Posts: 9,491	$50 is alot for a standard wire transfer, but if they say 50 then it must be per transfer and it should cover all costs. Maybe a fee is set, in my bank its usually about $5 no matter how much and where it came from. Transfers within EU countries does not cost that much, usually around 15-20. Even cheaper if banks with international departments are used.

08-06-2005, 11:06 AM	#9
Calvinguy Confirmed User Join Date: Oct 2002 Location: European Union Posts: 1,752	Even as I pay CCBill a wiretransfer fee I am charged a incoming fee also