International Wire Transfers
Please be aware that starting September 1, 2010, when making an international wire transfer, correspondent banks, intermediaries and/or foreign liquidators will be entitled to retain a service fee from the total payment/deposit amount being transferred to your beneficiary. Thus, your beneficiary will be actually receiving the net amount.
The service fee being applied by correspondent banks, intermediaries and/or foreign liquidators represents the cost of transferring funds and the service fee for processing an international wire transfer.