What payment fees are applicable in wire?
Your must ask your bank a "SHA" payment instruction.
When you make an international wire transfer (MT103 SWIFT) you can choose who pays the transfer charges. Yeesshh bank charges no fee for receiving money. Asking "SHA" means we will receive the money billed for traffic. If any charge is applied by an intermediary bank, half will be supported by each (if you ask "BEN", we will deducted from your traffic credit the un received amount).
What are BEN, SHA, OUR payment instructions?
BEN, SHA, OUR are codes in a SWIFT instruction, at field "Details of Charges".
- The OUR instruction means you pay all transfer charges. We receive all your payment.
- SHA (shared) means you only pay your bank's outgoing transfer charge. We receive your payment minus the correspondent (intermediary) bankcharges (If your bank does not have a direct relationship with our bank, your bank pays through correspondent (intermediary) banks. The correspondent banks make a charge for this service).
- BEN (beneficiary) means you do not pay any charge. We receive your payment minus all transfer charges.
We require all international transfers to us to be made with the SHA instruction.
Please follow the Payment Options on your Order.