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Old 10-13-2009, 02:35 PM   #1
Dirty D
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Lowest Incoming International Wire Fees?

I am looking for banks that have low incoming international wire fees.

When you get multiple incoming international wires every day, the fees add up quickly.

I am seeing $15-20 fees for incoming international wires.
One year of incoming wire fees exceeds $6500
Waiving the fees is impossible because of charges from the fed...
Absorbing them is an option if you keep a very high balance.

I am open to options and creative solutions.
If your bank waives or absorbes the wire fees, please list how many wires per day you are doing.
They seem to be more than willing to absorb/waive a charge here and there, but not $6500 worth
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Old 10-13-2009, 02:36 PM   #2
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Chase is only $10 for business accounts, not sure about personal.
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Old 10-13-2009, 02:49 PM   #3
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I would also be interested in hearing this. Some of the companies I work with are willing to send extra to cover the fee but thats not a solution overall.
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Old 10-13-2009, 02:54 PM   #4
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When I first opened my US bank account they told me it's a federal reserve fee (most likely bullshit but what do I know)

I'd suggest you open an offshore account (in europe) and receive your transfers for free and then via yourself weekly / monthly or whenever you want to pay just 1 fee instead of 30
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Old 10-13-2009, 02:58 PM   #5
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I wasn't seeing incoming fees but may be now, checking into this.
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Old 10-13-2009, 03:00 PM   #6
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Seems to me you and i need to do some business soon

We pay $15
Seems pretty normal to me but then again we never have small wires so im not upset about it.....
With a ton of smaller ones i would be out looking as well though !!!
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Old 10-13-2009, 03:05 PM   #7
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International wire costs suck big time.

I paid a guy in Czech republic USD$500 a while back (and I set it to costs for sender) and the next day I see 55 Euros going out of my account with a No. that matched that transaction.
So I call my bank manager and ask what the 55 euro/USD$82 is for and he said it's the costs of the FOREIGN bank and the costs of my own bank will be charged tommorrow....
So I asked him if he was sane in his mind asking almost 25% on 500 bucks over 2 banks doing a similar thing as a text message on a phone.

The guy apologised and I never got the 2nd costs from them.

Greedy bank fuckers
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Old 10-13-2009, 03:35 PM   #8
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Quote:
Originally Posted by Loch View Post
Seems pretty normal to me but then again we never have small wires so im not upset about it.....
With a ton of smaller ones i would be out looking as well though !!!
If the amounts were small, they would not be daily payments but rather weekly or monthly.

So, the amounts of the wires are high enough... the problem is that I get 7 to 10 per week.
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Old 10-13-2009, 03:38 PM   #9
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Quote:
Originally Posted by Wizzo View Post
Chase is only $10 for business accounts, not sure about personal.
I think this may be for domestic wires...
Hope I am wrong and I will check with them tomorrow on the international wire fees.
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Old 10-14-2009, 06:37 AM   #10
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Bump for low international wire fees!
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Old 10-14-2009, 07:03 AM   #11
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Are the amounts in USD (or whatever your local currency is) or a foreign currency? If it's the latter then the currency conversion rate will also be relevant. No point paying $5 less fees if you lose an extra 1% in the conversion.
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Old 10-14-2009, 07:32 AM   #12
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Are the amounts in USD (or whatever your local currency is) or a foreign currency? If it's the latter then the currency conversion rate will also be relevant. No point paying $5 less fees if you lose an extra 1% in the conversion.
Good Point.
Non USD wires do have additional conversion fees.

The wires I am referring to are in USD so there is not a currency conversion issue.
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Old 01-18-2010, 02:50 PM   #13
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Check Out Harris Bank, I do not have any incoming wire fees with them on my account
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Old 01-18-2010, 03:01 PM   #14
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So Dirty D owns howigotrich.com? Good show.
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Old 01-18-2010, 04:09 PM   #15
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if you have it in your country, ING doens't charge me anything
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Old 01-18-2010, 04:14 PM   #16
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I thought I was the only one getting raped on wire fees...
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Old 01-18-2010, 04:44 PM   #17
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Quote:
Originally Posted by Dirty D View Post
I think this may be for domestic wires...
Hope I am wrong and I will check with them tomorrow on the international wire fees.
Unless we recently overtook TheNetherlands, Germany, and Cypress I'm 100% certain its not domestic...
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