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).

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