Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

A transatlantic bank transfer will cost you over 30 euros in correspondent bank fees, in addition to the fees your bank and their bank charge. And you'll get no receipt for that, because banks suck.


> A transatlantic bank transfer will cost you over 30 euros

Not will, but can. I did a transatlantic SWIFT payment recently and it cost me $9 in correspondent bank fees. I did another one and it cost me $0 in fees. I did another and it cost $18.

In each instance, I was able to get a SWIFT trace by asking the emitting and receiving banks to provide this. I didn't get a receipt for the SWIFT fees correspondent banks charged, but I did get receipts for the bank fees at either end.

Banks do suck, and the payment networks also suck, but sometimes they can suck less.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: