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Bank charges for wire transfers

ewancoo · 54 · 62939

ewancoo

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on: Jun 24, 2005, 05:02 PM
Some banks charge around $15 when you receive an international wire transfer, but some says there are banks that do not charge a cent. Someone posted in another site that Metrobank doesnt charge you when you received a wire transfer, can anyone verify this?

This could be helpful for some of us who prefer to have their earnings wired to their local bank account.

Pls post your comments.
« Last Edit: Jul 12, 2006, 09:27 PM by nailbiter »


Mac Marra

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Reply #1 on: Jun 25, 2005, 02:36 AM
Hummm... di ko rin alam sa mga banko about bank wire eh. Pero ang sure lang ako: BPI charges $6 sa kanila (plus yung charge noong bankong panggagalingan ng pera mo, mga $18...) so ang total pa rin eh $25...


Sa landbank, $15 naman ang sa kanila.

yun lang.


gjallar

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Reply #2 on: Jun 25, 2005, 03:03 AM
i could have sworn i made a reply to this topic, but then i don't see it. hmmm...  :?

anyway, i talked with the transaction officer in the branch i opened my metrobank account with. she explained to me that banks use intermediary banks for wire transfer. if the bank sending the money happens to use their (metrobank's) correspondent bank, the $15 or whatever fee they have, won't be charged. if the bank sending it use a different bank, there's going to be a fee and its deducted from the amount.


FutureGizmo

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Reply #3 on: Jun 25, 2005, 04:09 AM
Quote

BPI charges $6 sa kanila


Quote

if the bank sending the money happens to use their (metrobank's) correspondent bank, the $15 or whatever fee they have, won't be charged


ganito sa metrobank? kelangan ko ma-check kung anung correspondent banks nila para maka-tipid ako sa wires.

ako kasi i make a bank wire almost every two or three months, and I'm charged $18 for every wire i make to BPI.


p!nk

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Reply #4 on: Jul 09, 2005, 10:51 AM
sa Banco de Oro, the charge is $5 for receiving the wire transfer.


ewancoo

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Reply #5 on: Jul 09, 2005, 11:31 AM
Quote from: p!nk
sa Banco de Oro, the charge is $5 for receiving the wire transfer.


ok to ah, makapagopen nga ng dollar account dun, $100 lang naman yata.


santino

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Reply #6 on: Jul 09, 2005, 12:12 PM
Planters Bank naman $6. while Security Bank is at $5.50


santino

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Reply #7 on: Jul 09, 2005, 12:13 PM
The fastest Bank to encash a deposited Dollar Check is BPI at 21 days as compared to most banks with 30-45 days.


p!nk

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Reply #8 on: Jul 09, 2005, 01:25 PM
Plan ko rin mag open ng dollar account sa BDO. ok kasi service dun. not to mention, sa kanila ata pinakamababang opening amount for a dollar account. ;)


cool_78

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Reply #9 on: Jul 09, 2005, 04:52 PM
how about pag peso un account mo at nag pa wire transfer ka ng dollars? may charge ba pag ganun or conversion lang?


cyclops

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Reply #10 on: Jul 09, 2005, 07:57 PM
tsaka na lang ako mag-oopen ng dollar account wala pa kasi akong naiipon online. yun kinikita ko sa mga programs ko, reinvest lang ako at kung withdraw ko naman, invest ko naman sa ibang program, diversify ekanga. siguro by december kasi medyo malaki gastos by that time kaya withraw muna lahat ng profits. I'm earning dollars kahit dito lang ako sa bahay, sarap isipin 'no. hehhehh  :lol:


p!nk

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Reply #11 on: Jul 10, 2005, 10:59 AM
Quote from: cool_78
how about pag peso un account mo at nag pa wire transfer ka ng dollars? may charge ba pag ganun or conversion lang?


same lang ata... i asked BDO about it and they asked me if i have an account. sabi ko pero savings lang. sabi nila $5 daw ang charge for receiving the wire transfer.


julz

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Reply #12 on: Sep 15, 2005, 10:27 PM
Quote from: p!nk
sa Banco de Oro, the charge is $5 for receiving the wire transfer.

wow, cge itutuloy ko na nga ang dollar account opening ko if i'm earning na.
BDO has been my savings account for 4 years na.
very minimal maintaining balance.


amrich

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Reply #13 on: Sep 17, 2005, 10:13 PM
Anyone using EON debit card (Unionbank)? This is what I am using when purchasing
online. Can we just have a fund transfer from the originating bank outside of Phil or receive money. This is a Visa card
Di ko pa na-try magtransfer fund outside of Philippines, local lang which is minimal ang charge pero kung, EON to EON, wala naman.

Anyone with experience with this kind of transaction?


xxdunhillxx

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Reply #14 on: Nov 19, 2005, 11:42 PM
i just called BPI to inquire how much they charge for wire transfer.
they said they charge Php150 fixed plus another 10 pesos fixed charge and another .30 cents documentarystamp for every 200 pesos transferred.

To compute it, if you are going to receive 20,000 pesos,

you'll be charged: 160 pesos + 30 pesos documentary stamps.

You also need to know BPI's swift code.

For those who want to know: BPI SWIFT CODE is BOPIPHMM


 


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