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 :)

Chase is only $10 for business accounts, not sure about personal.

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.

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 :2 cents:

I wasn't seeing incoming fees but may be now, checking into this.

Seems to me you and i need to do some business soon :Graucho

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 !!!

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

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.

I think this may be for domestic wires...
Hope I am wrong and I will check with them tomorrow on the international wire fees.

Bump for low international wire fees!

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. :2 cents:

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.

Check Out Harris Bank, I do not have any incoming wire fees with them on my account

So Dirty D owns howigotrich.com? Good show.

if you have it in your country, ING doens't charge me anything

I thought I was the only one getting raped on wire fees... :(

Unless we recently overtook TheNetherlands, Germany, and Cypress I'm 100% certain its not domestic...:winkwink: