MatthijsRookieReceiving SWIFT payments used to be free of charge (see below image). As I receive 12 salary payments and 12 expense payments a year, my Bunq subscription got €120,- more expensive.
Anyone else thinks introducing inbound SWIFT costs is a bad idea? Slowly prices seem to go up and features that used to be free start to come at a extra cost.
@mjhols#50594 Hi,
Ali gave a little explanation here: https://together.bunq.com/d/6157-why-does-bunq-charge-5-euro-to-receive-swift-payment/7 - It's kind of normal to ask for a fee with a SWIFT payment, and you can also find it in the pricing list :)
Generally I think TransferWise is a much better way to get and send other currencies, as it's also implemented into the bunq app.
ArthurProdigyI think that if the sender marks the payment with the “OUR” instruction for costs, that bunq should charge these € 5 to the sender of the payment and not the receiver (like all other banks do).
In other cases where there is no “OUR” ear mark for the costs, bunq can charge the receiver of the money.
I have the same experience, my salary is sent from the US with SWIFT, and they are all marked “OUR”, so my employer should payfor all costs.
Previously at ING this was no problem, I never ever had to pay for receiving my salary, when I switched to bunq I had.
No I am switching again, otherwise it will be a very expensive bankaccount when I have to pay twice a month an additional fee of € 5 a top of the premium fee.
JakobProdigyYes bunq seems to be not that great for receiving Swift transfers. For BEN or SHA it‘s understandable, but OUR transfers should be cheaper imo.
Jeroen 🏳️🌈Wizard@johannes#50601 What I wrote before is wrong :sad: the Swfit fee is still mentioned, but they switched the text around, It does not say thay honour the "OUR" or "SHR" cost conditions.
MotazRookieMy brother sent me 1000 Euro and he paid for the transfer from his side, however, The money arrived to my account was 990 Euro, that means 10 Euros has been deducted, I know that 5 Euro went to the SWIFT service but what about the other five Euros?
JakobProdigy@New-Bronze-Argali-2285809303#272920 When you send money via SWIFT, the fees are not completely predictable. Intermediate banks can also take their own fees (even though there's not really a way to know beforehand). In general it's pretty impossible for us here to say anything about your specific transfer, it's a question best asked to the sender bank and to bunq so that they can do some more research into the case.
In most cases, it's cheaper to use third-parties like https://wise.com to send money internationally as they can tell you beforehand how much the transfer is gonna cost.
