I've noticed the expression Sender to Pay, in relation to International Money Transfers - what does this mean?
Last Updated: 30 Jul 2014
You are requesting to pay all fees and charges imposed by overseas banks. In most cases this means the beneficiary will receive the full amount sent. These fees will be debited from your ASB account within 2 business days of the payment being sent. These fees vary on a case by case basis depending on the fee policy of the overseas bank(s).
Did this answer your question?
Related Answers
-
Log In to FastNet Classic and select Accounts and then Foreign Exchange On the Foreign Exchange screen, select Buy Foreign ...
-
To make an International Money Transfer, log in to FastNet Classic and select Foreign Exchange. Select International Transfers. Follow the ...
-
Yes. The transaction limit for International Money Transfers is $100,000 in any one day. It’s part of your FastNet Classic ...
-
There are two ways to identify the beneficiary bank to which you wish to transfer funds. The first is to ...
-
What are sanctions? Sanctions are measures used by governments and international organisations to support national security interests and/or advance foreign ...
