Can anybody tell me how much fee will bunq cut when I get money transfer from abroad (out of SEPA countries)?
Fees for accepting transfers abroad
Marc πͺπΈπ¬π§Master
Hey Abdullah!
At bunq, if you own a personal account we don't charge any money for transfers. Both outgoing and incoming are totally free of charge! π
However, make sure the payment was made or converted into Euros during the process, otherwise we won't be able to process and it will come back to the original account as stated in this topic: https://together.bunq.com/topic/can-i-receive-a-payment-on-my-bunq-account-from-outside-the-sepa-region
Have a great weekend! π
StephenWizard
If the source currency isn't EUR don't let your source back do the conversion. Use TransferWise or xetrade for far lower fees.
RikkiWizard
It does depend on your source bank. In UK if you have GBP accounts at Handelsbanken, Fidor or Monese they are actually cheaper than Travelwise
StephenWizard
Are you saying those banks will convert GBP to EUR at less than the 0.5% TransferWise charge? If so, that's impressive!
SimonChamp
You can exchange currencies with Revolut free of charge.