• SWIFT fee for incoming transfers

I am looking into receiving a SWIFT transfer from outside SEPA-area. In the pricing document the swift inbound fee is 5/10/25 euro depending on the amount of the payment. However, it is not clear whether the same fee applies for SHA, OUR and BEN. Logically it shouldn't. How does this work with Bunq? If for example, the payment is marked as BEN, does it mean there are no costs at sender side and only this flat fee on my side?

    @Kateryna-Silver-Butterfly#104594 Volgens mij gebruikt bunq altijd deze kosten ongeacht de kostenstructuur van de afzender. Banken onderweg halen hun kosten van het over te maken bedrag af. Dus als iemand 1000 euro overmaakt dan zal bij BEN de bank bij wijze van spreken maar 950 euro opsturen. Of bij OUR moet die persoon dan 1050 euro betalen om 1000 euro overgemaakt te krijgen.

      @Kateryna-Silver-Butterfly#104594 The same fee applies for all SWIFT payments regardless of SHA, OUR or BEN as far as I am aware because they're processing these transactions manually so the fee is probably mostly for their own labor costs.

        @JeroenE#104597 from what I see here https://together.bunq.com/d/1038-how-to-contact-bunq they say that "bunq doesn't use an intermediary bank for non-SEPA payments." So there shouldn't be any "Banken onderweg" and additional costs from those, right? So if it is BEN then it's gonna be just flat rate from Bunq for me and nothing for the sender?

          @Kateryna-Silver-Butterfly#104626 Dat bunq geen tussenbank gebruikt betekent volgens mij niet dat de andere bank dat niet kan doen en dus ook nog steeds extra kosten gemaakt kunnen worden. Normaal gesproken is bij BEN alle kosten sowieso voor jou, maar ik geloof dat er dan ook nog banken zijn die de afzender kosten in rekening brengen (omdat ze dat altijd doen bijvoorbeeld). Maar goed, dat weet hun bank vast wel te vertellen. Alle andere kosten worden dan onderweg ingehouden op het bedrag dat wordt overgemaakt.

          NB let er wel op dat bunq alleen geld accepteert in euro. Dus ergens onderweg moet een bank er voor zorgen dat het een euro transactie wordt,

          Als je in vreemde valuta geld wil overmaken ben je volgens mij altijd goedkoper uit bij TransferWise.

            Bunq says they don’t use intermediary banks because they don’t offer SWIFT transfers ;-) That’s what the Transferwise integration is for. If they would offer SWIFT transfers, they would have to use intermediaries as well. Otherwise that would mean they would have a direct business relationship with every available bank on this planet. Transferwise is, so to say, their intermediary for sending.

            With receiving funds, Bunq can only say that they are not working with a 3rd party „on their end“. They can be directly reached via SWIFT. But the route the money is taking before it reaches Bunq can and does still vary. And Bunq has little control over this route.

            I don’t have experience with SWIFT and Bunq, but my assumption is that this fee applies in addition to whatever is taken from the sent amount during the way. My assumption is that with BEN, all accumulated fees will be deducted from the sent amount and then Bunq charges their fee on top. With OUR, the full sent amount will be credited, but Bunq will still charge the fee as stated in the T&Cs.

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