We receive small payments from time to time from 'Affiliate' programmes run on our 'commercial' website and recently were advised the a payment of £50.00 was to be transferred to our account - imagine our dismay to discover when it hit our bank we actually only received € 28
After Pauline called to query this, we got this email breakdown:
God Morning Mrs Craig (it did actually say 'God')
Further to our telephone conversation this morning, I have spoken with our international department to establish how the fees for your foreign transfers are calculated. I enquired for the most recent transfer received and the other transfer received on 22/03/12. The fees are broken down as follows.
24/10/2012
£49.94 GBP received from SCANDIA BANK by SWIFT Transfer
Handling fee 14.18€ flat fee
Foreign Exchange commission 15.85€ calculated at 0.15% of amount with a minimum fee of 15.85€
International advice letter 2.75€ flat fee
Total
So the bank got more than we did! - ah well, they probably need it more than us!
So the bank got more than we did! - ah well, they probably need it more than us!
