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What charges are applicable to incoming SWIFT transactions?

There are three different types of SWIFT transfers: 1) OUR: this means the issuer pays all expenses, including both theirs and those of the payee’s bank, on top of fees from any third parties intervening in the transaction; 2) BEN: this means that all those expenses are paid by the recipient of the transfer; and 3) SHA: where each party pays their own expenses, sharing the total cost of the transaction. In SWIFT messages you can see which arrangement the international transfer has been issued under - SHA is most common to promote transparency and therefore avoid conflict. At Intergiro, all SHA inbound transactions are free for our customers. We do however, reserve the right to pass on any OUR or BEN fees to our customers inline with normal banking practice.