Retail bank
High-street bank
A single transfer fee, stated up front
25
flat fee
0%
percentage fee
3.4%
rate markup
A flat wire fee, a correspondent deduction you never see quoted, and the widest rate markup on this list.
The wire fee is stated and the correspondent deduction is not. On a thin corridor a bank in the middle takes a fixed amount in transit, and neither the sender nor the recipient is told which bank or how much until the money lands short.
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