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banking gurus help!
Can anyone explain this behavior from 2CO.com for wire transfers ?
US Dollar Wire to country with unsupported currency : $ 12.00 USD US Dollar Wire to country with supported currency : $ 20.00 USD Why would it cost more to wire money to a country with supported currency than to one WITHOUT a support currency ? Makes no sense to me! |
Not entirely sure, but it might have something to do with fee allocation, the recipient bank being liable for a portion of the transfer fee if the currency is unsupported.
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