The Fee for Sending a SWIFT Payment is 50 USD + 0.8% + 1.5% of the Total Transfer Amount. This means the fee may vary depending on the transfer volume, which should be considered when planning international financial transactions.
A SWIFT payment can be sent with one of two fee types: SHA or OUR.
Difference Between SHA and OUR Fee Types SWIFT transfers can be made using two fee types: SHA and OUR.
These determine who bears the cost of the fees associated with the transfer.
SHA: In this case, the transfer fee is split between the sender and the recipient. This means the recipient may receive a slightly reduced amount as a portion will cover the intermediary bank’s fee. This option is suitable for those who want to minimize their own fee costs but are willing to accept possible deductions on the recipient’s side.
OUR: With this fee type, the sender pays all intermediary bank (SWIFT) fees in full. The recipient receives the exact transfer amount with no deductions, which can be preferable for those who want assurance that the recipient will get the full requested amount. However, note that an additional fee of 25 USD will be added to the transfer amount.
Additional Note:
Before processing the payment, we will confirm the total fees with you, allowing you to decide if the proposed terms are acceptable.