I have sent my wire information a few days ago.. Although i asked my AM in the email.. but he didnt replied and sent me the wire information form only.. Now someone told me that they are charging 30$ fee for it is that true???.... I thought only my bank will charge me the fee... I have an account with HDFC bank(India) ... how much fee they will charge for recieving the money... any clue?
You said that the company charges $30. Your bank will add $10 as exchange fee and additional $15 as interbank fee. So the total comes out to be around $55. Wire transfers are justified only for amounts exceeding $700. For lesser amounts you can request them to send you a check by courier like DHL. If the company is in the US they can use US priority mail. For checks the bank charges only around 0.25-0.3% of amount as fees which is quite cheaper compared to wire transfer.
For me there is a wire transfer charge of 20$-30$ ( will let you know the exact once i recieve the wire tommorow. ) by azoogle for sending wire. There is no other charge by bank if its a personal savings account. As you have a account with hdfc bank . Below is some info http://hdfcbank.com/nri/remittances/northamerica_telegraphictransfer.htm Which states there is no fee for inward remitance ( wire transfer ). So its only the wire transfer fee that you will be paying . Nothing other than that. If you opt for cheque its nearly same as banks charge for clearing foreign cheques.