We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
SWIFTLY lost!
spid_mse
Posts: 3 Newbie
Can anyone explain who licks the icing off international SWIFT money transfers please; sterling to sterling, so no FOREX!?
My wife sent £7,000 from her UK Nationwide account to her her Standard Charter sterling account in South Korea. I repeat that that was sterling to sterling with no currency exchange required.
She paid an EXTRA £20 charge at source to NW so there was nothing to deduct from the £7,000. Her Korean bank only received £6,965. They made a separate receiving charge and thus the full £7,000 should have appeared on her statement has having been the incoming amount (before local charges). Both banks are adamant that they did not cream that missing £35 off the transaction; so what on earth might have happened to it please?
Is there a hidden middle-man that neither bank can account for?
My wife sent £7,000 from her UK Nationwide account to her her Standard Charter sterling account in South Korea. I repeat that that was sterling to sterling with no currency exchange required.
She paid an EXTRA £20 charge at source to NW so there was nothing to deduct from the £7,000. Her Korean bank only received £6,965. They made a separate receiving charge and thus the full £7,000 should have appeared on her statement has having been the incoming amount (before local charges). Both banks are adamant that they did not cream that missing £35 off the transaction; so what on earth might have happened to it please?
Is there a hidden middle-man that neither bank can account for?
0
Comments
-
Nationwide use NatWest for international payments I think1
-
I'm not sure if it's relevant, but Nationwide is NOT a bank, it's a building society.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.5K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.5K Work, Benefits & Business
- 598.2K Mortgages, Homes & Bills
- 176.7K Life & Family
- 256.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards