If you share the fees, you will pay for the Wio charges and the beneficiary will pay for the correspondent banking fees listed below.
All USD, EUR, GBP transactions above a value of 1,000 will be charged a correspondent banking fee of 25 (of the respective currency) and transactions below a value of 1,000 will have no correspondent banking fees.For SAR transactions, a correspondent banking fee of SAR 25 will apply.
There may be additional correspondent bank fees applied by the beneficiary’s bank. All related correspondent banking fees will be deducted from the transfer amount and the beneficiary will receive an amount net off all charges.