International Wire Transfer = For Indian MB users please

Discussion in 'Payment Processing' started by gopalgkb, Oct 5, 2007.

  1. #1
    Hello

    Has anyone transferred funds through Bank Wire Transfer in India from US? Money bookers says that this transfer is termed as International Wire Transfer and there could be intermidatery bank charges along with local currency charges ? This is bit confusing...

    Can anybody highlight how much are these charges... Anybody who has already done a or several transcations to an Indian Bank from US would be able to help me on this.... I hope it is not abnormally high

    For your information, I hold account with SBI and they have direct SWIFT code at my branch.

    Thanks again,

    Regards

    gopal
     
    gopalgkb, Oct 5, 2007 IP
  2. fhassan

    fhassan Banned

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    #2
    i need 2 konw ans of this question as im from Bangladesh
    & want to wire transfer frm my country to Us or anywhere in the world
     
    fhassan, Oct 7, 2007 IP
  3. srijaga_cbe

    srijaga_cbe Peon

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    #3
    Hi
    Please clear that you want to Wire Transfer your MB amount money to India or you want a separate Wire Transfer from some other in US to India.
    For MB withdrawal they charges Rs 108 (or something around) for Wire Transfer and its done from London -UK.
    Im not clear about Wire Transfer charges from US.
    But my UTI Bank (most of the Indian Private Banks) charging around Rs. 250 for receiving every Wire Transfer.
     
    srijaga_cbe, Oct 8, 2007 IP
  4. gopalgkb

    gopalgkb Guest

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    #4
    srijaga_cbe: Thank you for your reply. Actually I was referring to MB wire transfer. Ok Rs. 108 + Rs 250 = Rs 358 i.e around 9 $ extra charge. Not that abnormal considering the benefits of direct wire transfer. Thanks once again
     
    gopalgkb, Oct 9, 2007 IP
  5. olddocks

    olddocks Notable Member

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    #5
    Everybank has a standard fee for processing incoming and outgoing wire transfers. The common fee is $35 to $50 per transfer.

    This can be applicable if your bank involves corresponding banks or a direct SWIFT code. You can find more details here: www.europebanks.info
     
    olddocks, Oct 9, 2007 IP
  6. gopalgkb

    gopalgkb Guest

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    #6
    Olddocks: Thank you. The weblink has useful information too. However, I am from India and would like someone who has already done such transfers also respond to my question. But you have been great. Thanks again. Regards. jeet
     
    gopalgkb, Oct 9, 2007 IP
  7. Kronenkorken

    Kronenkorken Guest

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    #7
    Hi!
    I can accept Moneybookers and i can make wire transfer worldwide for a cheap price. I pay only 1,50 Euro.
     
    Kronenkorken, Oct 9, 2007 IP