An intermediary bank fee is a charge that may apply when money is transferred from one bank to another, especially if the banks are in different countries.
When you send money internationally, your bank might not have a direct relationship with the receiving bank. So, it uses another bank (the intermediary bank) to help complete the transfer.
This intermediary bank does the work of moving the money between the two banks, and in return, it charges a fee for its services.
Intermediary fees can vary, and MarTrust usually doesn’t know the exact charge before the transaction. Typically, each intermediary bank can charge anywhere between USD $15 – USD $50 per transaction.
What are intermediary bank fees
When you send money internationally, the transfer may pass through one or more intermediary banks. These banks help move money between your bank and the recipient’s bank – and may charge a fee for doing so.
This is called an intermediary bank fee.
MarTrust doesn’t control these fees, and we usually don’t know the exact charge in advance. If intermediary fees apply, your recipient may receive less than the amount you send. Fees typically range from USD $15 to $50 per transaction.