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What is Correspondent Bank Service Fees about?

This document outlines correspondent bank fees for money transfers to various countries. Fees vary by country and bank, ranging from $15.24 to $55.24 per transaction. An additional VAT of 5-20% is charged on top of the base fee. Certain Pakistani banks have a lower fee of $0 for transactions over $761. Fees are subject to change by the intermediary and beneficiary banks involved in each transaction. Customers are advised to check exact fees before initiating international money transfers.

Author

Madhan Kannan

Language

EN