When receiving international wire transfers, it is important to ensure that the full payment amount arrives without being reduced by intermediary bank fees or currency exchange fees. This guide outlines steps to prevent such reductions.

• Intermediary Bank Fees: Some banks use intermediary banks for cross-border transfers. These intermediary banks may deduct fees from the transferred amount.
• Currency Exchange Fees: If funds are sent in any currency other than US dollars, most banks will charge a currency exchange fee, which can reduce the amount received.

• Check with Your Bank: Confirm with your bank if they use an intermediary bank and include any additional fees to ensure the full amount is received.
• Send in US Dollars: Always send the payment in US dollars to avoid currency exchange fees.
• Use Alternative Services: Consider using services like Wise which offer lower fees and more transparency compared to traditional banks.

• Our bank does not charge us any fees for receiving incoming payments.
• It is the sender's responsibility to ensure the full payment amount is delivered to our account after all fees.
• The complexity of international banking means that discovering exact fees can be challenging, so thorough checks with your bank are essential.