Mittdee

Hi All,

Does anyone know how much the intermediary banks charge in India for a transfer from HSBC UK bank to a non HSBC bank in India?
The recipient bank doesn't charge for inward remittances.
I was charged 7 USD by UK HSBC. I received less money than advised by HSBC UK.
I was told by HSBC UK customer care, that the HSBC India would have charged as being the intermediary bank.
Any experience ?
thanks in advance
Mittdee

Millhouse

Better to not use an intermediary. Revolut or Wise will likely cut out those fees. Fees can be up to 50USD.

Pulaski

Unless you're sending USD100k+ it is likely that the on-line remitters will give you a significantly better FX rate too.

Bipat

I only know regarding sending money in £s from a UK bank to Indian banks and there are charges by both banks, although the total can be paid at the UK bank.

clergy

Happened to me too while sending GBP to USD from HSBC to HSBC via Wise. HSBC have an intermediary bank they don't mention, charging $25. Probably the same charge for you.

Mittdee

Thanks all for your experience sharing. Appreciated.

Millhouse

who sends less than a 100k?