Telegraphic Transfer Hidden Costs and How to Cut Them

Send the equivalent of RM1,000 to an overseas supplier and the total charges can reach RM150 or more. The cost builds up at four points: a SWIFT or cable fee from your own bank, charges from agent and intermediary banks along the way, an exchange rate margin built into the rate you are quoted, and […] The post Telegraphic Transfer Hidden Costs and How to Cut Them appeared first on Curlec .