Why did 1,000 arrive as 980? Intermediary bank fees explained
SWIFT wires can pass through one or two intermediary banks, each of which may deduct $10–30 from the amount in transit, often without the sender knowing in advance.
Charge options
| Code | Who pays | Use it for |
|---|---|---|
| OUR | Sender pays everything; recipient gets the full amount | Tuition, invoices |
| SHA | Each side pays its own bank; intermediary fees come out of the transfer | Everyday family transfers |
| BEN | Recipient pays all fees | Rarely the best choice |
How to avoid them
Digital services usually collect and pay out locally, so there are no intermediaries. If you must wire money that has to arrive in full, choose OUR.
Frequently asked questions
Can I still be charged with OUR?
Usually not, but a few intermediaries still deduct fees. For large wires, confirm with your bank first.