Hello, sorry for posting here but I cannot seem to find an answer. I’ve been promoted to a standard member but still do not have access to start my own post. I’m hoping someone might be able to help as I am very new to revolut and not really sure what I am doing.
I am currently residing in Australia so my home currency is AUD. I am using revolut to make use of their high exchange rates and have purchased some Japanese Yen.
I have also opened a HSBC Global bank account with a Yen account there.
I am trying to transfer the currency purchased in revolut to HSBC (under 2k). I am doing this via new transfer → bank recipient → Country of recipient bank (Australia) → currency is Japanese Yen (as this is what i have only in revolut). Ive entered my BSB and account number, along with HSBC SWIFT code.
However, upon transfer, it asks me for an international payment fee of 776yen.
Am I doing something wrong? I understood that transferring between banks with the same currency should not incur a fee.
Any help would be much, MUCH appreciated.