Have question about SWIFT payments from Revolut account.
SWIFT (Society for Worldwide Interbank Financial Telecommunication) allows banks to exchange messages including payment instructions.
BEN, SHA, OUR are codes in a SWIFT instruction.
The OUR instruction means sender pays all transfer charges. Receiver get all your payment.
SHA (shared) means sender only pay outgoing transfer charge. Receiver get payment minus the correspondent (intermediary) bank charges.
BEN (beneficiary) means sender do not pay any charge. Receiver get payment minus all transfer charges.
I would like to know, which SWIFT payment instruction ( BEN, SHA or OUR ) use Revolut, when we make payments outside of SEPA ?
Sorry, but Revolut is not good, when we have transfer money outside SEPA. I transferred 52 EUR to Ukraine. Receiver got 40 EUR only. Even really bad money transfer systems (as wu, moneygram) would be better in my case.
Making SWIFT transfer would be nice to see approximate fees on Revolut application. There see that transfer is free, but do not see hidden fees, which we have pay to other banks.
Waiting comments from Revolut.