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Getting recharged bank fees from US vendors

Odats · 2013-07-31 18:14:46

Hi everyone, Deal with a few US vendors in work and it seems common practice on them passing on bank charges to the customer i.e. $15 incoming international wire fee and $30 commission on international transfers. Is this common as the practice here and in Europe is the opposite i.e. bare the cost as a cost of doing…

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31-07-2013 7:14pm

#1

Odats

Registered Users Posts: 767 ✭✭✭

Join Date: September 2008

Posts: 740

Hi everyone,

Deal with a few US vendors in work and it seems common practice on them passing on bank charges to the customer i.e. $15 incoming international wire fee and $30 commission on international transfers.

Is this common as the practice here and in Europe is the opposite i.e. bare the cost as a cost of doing business especially when the bills are in thousands.

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#2 01-08-2013 2:59pm
rockonollie

Registered Users Posts: 1,626 ✭✭✭

Join Date: March 2010

Posts: 1611

It's quite common here, especially with businesses that do wires frequently........it may just be $15 per transaction....but if that company receives 100 wires per month, the cost quickly adds up.

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