Re: How to avoid bank fees for wire transfers?
My banks typically charge a fixed fee ($20 to $50) on outgoing wires and accept incoming wires for free or maybe $20.
I haven't heard of a percentage-based fee, that's pretty bad. And it doesn't make much sense either, since the bank's cost to process the transaction doesn't vary much by the amount. For a larger amount they may need to phone you under "know your customer" rules, but that's about it.
-pyg
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