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Bank Wire Fees

7 years ago
Hello. I sent a bank wire from my US bank to pay my assistant in Chile. I paid a $40 US wire transfer fee to my bank.. His bank (Santander) charged him a 14.37% fee to receive the wire. I think there must be some kind of mistake. Is it normal for banks in Chile to charge 14.37% to receive an incoming wire? Or do some banks in Chile charge to receive incoming wires, and other banks not charge? Thank you.

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SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

AGS Worldwide Movers
AGS Worldwide Movers

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