Does anyone knows if currently a transfer from Revolut to an Australian Bank Account incurres into SWiFT fees??
As far as i’m aware- YES
Though not sure from what amount fees gets calculated.
So I guess you get charged a different commission each time?
It can be different …
Tough heard stories that depends on amount you sending …
Noone is transparent in Swift transfers
This might shed more light on how it works:
Beware! I sent A$50 and was charged a A$25 fee so only received 50% of the amount sent.
do you know if the beneficiary’s bank charged the AUD 25 fee or it was an intermediary?
there was a heated discussion on this topic a couple of days ago.
It was the intermediary, it was to my own bank account in Australia so I was able to check with them. I tried it as a test, I generally use Transferwise but thought I’d compare the service.
I did use Revolut last year to send A$2000 but didn’t have to pay a charge, however it took 8 days. Their new system is now much quicker (2 days) but much too expensive!
Stevewh - But what was the fee/charge when you transferred the 2000 AUD?