Anyone suffered from the very big fee charged when receiving money via Bank Transfer from Mobilecore now?
I have been with mc for almost a year now, but the fee of wire transfer was like only $10 or $20 for amount under $500 before. However, now even for money around $230, they charged $50 out of it!! In addition to this, my local bank charged for $10 for commission fee, so I lost $60 already! :banghead::mad:
Anyone, please share your idea regarding this issue!
mobileCore, the company itself, doesn’t charge anything for wire transfers. The fee paid is the SWIFT fee used for international transfers and it may vary between $10 and $50, depending on the amount.
Payments under $500 from mobileCore should be free of SWIFT fee. The rest of fees, as you said, are charged by your local bank(you may consider finding a bank with lower or no fees for incoming payments if you get regular and low payments like I do).
I suggest you give a short call to your bank and ask about the fees for that specific transaction(the payment from mC), they should clarify it up for you.
Pretty strange. I suggest you talking to your account manager. Tell him/her that you asked your bank and they said they only charge $10. Ask your account manager why there was such a high fee on such a low transfer.