About the wire tranfer fee issue - how to make sure vendor recieve the net amount?
Post 1 of 19
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I'm trying to issue the wire from Bank of America to vendor's **** (Bank of China) in China. But I just can't get the right amount money to the vendor. Because bank of america can't help me to figure out the exactly amount commision taken in the transfer....Is there a way that vendor can receive the exact amount of money in its bank, and I pay the commisions beforehand?Thank you.
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12 Mar 2007 08:14
Post 2 of 19
Replying to [LATshawn]:
I have same issue as you. and now I do the way i go Bank of China... ( they have office at NY. Los Angeles, SF ) after all my problem are fix.
here is Los Angeles Bank of China phone wish can help you 213-688-8700
wish this information can help you!
good luck
Ray
I have same issue as you. and now I do the way i go Bank of China... ( they have office at NY. Los Angeles, SF ) after all my problem are fix.
here is Los Angeles Bank of China phone wish can help you 213-688-8700
wish this information can help you!
good luck
Ray
28 Mar 2007 08:26
Post 3 of 19
Replying to [LATshawn]:
Hi I just check Bank of China, you can open acct at Bank of China at Los Angeles, or NY office and T/T by mail or Tele. you do not need go the office. and this way are no misc. fees in T/T . you will better cont.
good luck
Ray Li
Hi I just check Bank of China, you can open acct at Bank of China at Los Angeles, or NY office and T/T by mail or Tele. you do not need go the office. and this way are no misc. fees in T/T . you will better cont.
good luck
Ray Li
28 Mar 2007 08:38
Post 4 of 19
Replying to [LATshawn]:It is just a matter of your feeling Otherwise as a businessman you should not be paying for buyer charges also.
29 Mar 2007 02:24
Post 6 of 19
Replying to [LATshawn]: You can use Western Union for your wire transfer.. I think your vendor will appriciate it too...
30 Mar 2007 02:42
Post 7 of 19
Replying to [LATshawn]: Bank has nothing to do with middleman's brokerage fee. Once Bank of America transferred requested amount
from Bank of China. Bank of America job's done.
from Bank of China. Bank of America job's done.
09 Apr 2007 08:05
Post 8 of 19
Replying to [LATshawn]:
You must ask your bank what is the commission amount (%) they charge, and ask your supplier what bank they're working with.
there are two commissions:
1-issuing bank=Your bank
2-paying bank= your vendor's bank
You must ask your bank what is the commission amount (%) they charge, and ask your supplier what bank they're working with.
there are two commissions:
1-issuing bank=Your bank
2-paying bank= your vendor's bank
12 Apr 2007 05:15
Post 9 of 19
Replying to [LATshawn]:yOU CAN REQUEST IN YOUR APPLICATION FOR THE TRANSFER THAT ALL CHARGES ON THE SENDERS ACCOUNT.
And it's easy to find out that your vender has recive the payment in full as you can sak for the receipt of the payment from his bank.
And it's easy to find out that your vender has recive the payment in full as you can sak for the receipt of the payment from his bank.
14 Apr 2007 00:49