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Old 05-21-2010, 10:39 PM   #1
Argos88
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Wire transfer Cost

How much do you get charged for International Wire transfers?

The sponsor/processor charges around 30-35 bucks per transfer, BUT then the Bank charges me another 30-35 bucks, which makes the total cost around 70 bucks per wire transfer.

How much do they charge you?

.
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Old 05-21-2010, 11:09 PM   #2
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If your bank charges you for incoming wire transfers, change the bank to the one which doesn't.
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Old 05-21-2010, 11:49 PM   #3
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usually they charge me on my wire $40 - $50
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Old 05-22-2010, 12:18 AM   #4
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Outgoing wire fee's are charged by the US gov/treasury? And very from domestic and international. The bank shouldn't make any "profit" on this.

Incoming should be a very small fee if at all any.
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Old 05-22-2010, 12:19 AM   #5
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It costs only €2 across Europe, thanks to a new IBAN system.
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Old 05-22-2010, 03:44 AM   #6
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bump bump
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Old 05-22-2010, 04:26 AM   #7
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One of the reasons I put min payout at $1000. You get fucked in the ass everyway you turn, especially with Australian banks.
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Old 05-22-2010, 04:29 AM   #8
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Quote:
Originally Posted by Argos88 View Post
How much do you get charged for International Wire transfers?

The sponsor/processor charges around 30-35 bucks per transfer, BUT then the Bank charges me another 30-35 bucks, which makes the total cost around 70 bucks per wire transfer.

How much do they charge you?

.
I did some last year and i was 20$ top cup ;)
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Old 05-22-2010, 10:50 AM   #9
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Transferring money will always cost money, all you can do is limit it as much as possible by increasing minimum payouts. Try contacting your bank and see if they have a package that will lower those fees?
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Old 05-22-2010, 10:55 AM   #10
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Outgoing wire fee's are charged by the US gov/treasury?
Really? First I ever heard that. Have a link?
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Old 05-22-2010, 10:59 AM   #11
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If your bank charges you for incoming wires drop them. 30 for an outgoing international is pretty standard as far as the sponsors end.
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Old 05-22-2010, 12:23 PM   #12
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?

Where are you from?
wire transfer from USA to Europe is 30 bucks (ccbill).
Also, 7.5 euro I am paying for verotel wire transfer. With every transfer my bank take later 4 or 5 dollars.

Recently, verotel started charging 20 eur more per transfer, actually intermediary bank that wasn't charging before.
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Old 05-22-2010, 06:07 PM   #13
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If your bank charges you for incoming wires drop them. 30 for an outgoing international is pretty standard as far as the sponsors end.
You won't find any bank not charging you for incoming fees if the sponsor wires with "shared costs"

I pay $25 - $35 to the sponsor and another $9 to the bank for every wire transfer...

On the other hand, US checks to cash in EU are even more expensive and take weeks to clear.
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Old 05-22-2010, 06:18 PM   #14
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I receive multiple wires a month, including international, my bank doesn't charge me one penny. You might want to shop around and find a bank with minimal fees to use just for wires.
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Old 05-22-2010, 07:18 PM   #15
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No charge for incoming at my bank.
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Old 05-22-2010, 07:30 PM   #16
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Originally Posted by baddog View Post
Really? First I ever heard that. Have a link?
http://en.wikipedia.org/wiki/Wire_transfer

Under Regulation and Price.
Quote:
In the United States, domestic wire transfers are governed by Federal Regulation J[1] and by Article 4A of the Uniform Commercial Code.[2]
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Old 05-23-2010, 03:04 AM   #17
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$45 out, $25 in.
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Old 05-23-2010, 03:50 AM   #18
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My current bank charges a percentage with a minimum fee, but their currency rates are better (in my favour) than my old bank, which charges a flat fee. So it works out about the same. On top of that they also seem to miss charging any fee at all for a regular fortnightly payment from one particular sponsor... so I'm keeping my mouth shut. :D
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Old 05-23-2010, 05:14 AM   #19
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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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Old 05-23-2010, 05:35 AM   #20
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Originally Posted by Screwed Up View Post
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*
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.
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Old 05-23-2010, 05:59 AM   #21
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Totally ridiculous, it's much cheaper for me to cash a check than to even think of receiving a wire, of course it takes time, but that's not an issue.

Talk about second most expensive banking in Europe and probably second most expensive banking in the world.
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Old 05-23-2010, 06:28 AM   #22
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$50 to send and $22 to receive = $77 = robbery
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Old 05-23-2010, 09:08 AM   #23
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wachovia is $55/transfer
HSBC is free (at least for the first 3 a month which is more than I need)
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Old 05-23-2010, 05:31 PM   #24
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$35 to send; $10 to receive.
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