I need to regularly pay someone in India. How much does it cost to do a wire transfer from a business account? Very approx amount please.
Jon
Cost of wire transfer
Aug 16, 2004
4 Replies
Probably under 20. Ask your bank.
Be aware that, contrary to popular belief, international wire transfers are nothing like instant. They take several days to arrive.
Can be speeded up hugely by getting the IBAN and BIC numbers of the receiving account, also reduces the cost of the transfer (not that a bank will volunteer that information)
Not sure about India but within EU I allow 48 hours if IBAN and BIC from my supplier are present. can be 5-7 days without.
Hope this helps
Andy
Transfers to India are notoriously slow - sometimes taking weeks to get to beneficiary account.My advice is not to do regular small amounts but one or two larger ones a year. Typical costs range from 12-20. Eric
Lloyds TSB 13 from a standard account.
Marcus
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