Bank transfer fees

Who should pay the bank transfer fees?

There are three options:

  • SHA: the sender pays the fees charged by his/her bank and the recipient pays those charged by his/hers, so that the expenses are shared.
  • OUR: the sender pays all the transaction expenses.
  • BEN: the recipient pays all the fees.

Please remember that, for transfers executed in the Single Euro Payments Area (SEPA), the legislation establishes that the expenses must be shared (SHA).

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