Int Wire Transfer- Fees

[ChiangMaiThai]

Sent an Int wire transfer from Siam Com. to my bank in US. They asked me if I wanted to pay all fees on this end. I said sure. My bank in US charged me anyway. This is that bank's reply:

Thank you for your inquiry regarding the incoming wire transfer fee of $7.00. FirstBank charges a processing fee of $7.00 every time an incoming wire is received on your account. This is a fee that is assessed by FirstBank, there is no way for you to pay it when you initiate a wire through another financial institution. As a one time courtesy I have refunded the $7.00 fee back to your account.

Anyway, not a big deal, but annoying. Siam Commercial must be aware that US banks anyway are going to be charging a fee no matter what. So don't pay them extra to cover all fees on this end.

[stumonster]

part of the fees is converting the money also - you need to decide if it is better to happen at this end or not

[Jimjim]

Bank fees or such BS, anyway. They can take care of that with their exchange rate.