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  • International wire transfer from Europe

    Are all international wire transfers to fund our accounts subject to a USD 30 correspondent bank fee?

  • #2
    No. this is not an AMP fee. If the bank process the wire as needed, no fees are accessed. But if the bank does not place the information in the proper fields or requires the use of a correspondent bank > there are fees.

    This takes place outside of AMP, before the funds reach the AMP account, but we provide notice of the possibility of this fee since we do not want our customers to be surprised if it happens.

    Comment


    • #3
      Originally posted by AMP View Post
      No. this is not an AMP fee. If the bank process the wire as needed, no fees are accessed. But if the bank does not place the information in the proper fields or requires the use of a correspondent bank > there are fees.

      This takes place outside of AMP, before the funds reach the AMP account, but we provide notice of the possibility of this fee since we do not want our customers to be surprised if it happens.
      I have sent "Funds Department" a screenshot of the international wire transfer form that I am filling in with the my bank, please can you confirm the fields that you need filled for the bank to have all the required information and not charge this fee. I am not using a correspondent bank and sending it directly to BMO Harris in Chicago

      Comment


      • #4
        yes, they will review and confirm.

        Just a heads up, you are not using a correspondent bank....but maybe your bank will use one. We will see when your funds post to the AMP bank account.

        Comment


        • #5
          Originally posted by AMP View Post
          yes, they will review and confirm.

          Just a heads up, you are not using a correspondent bank....but maybe your bank will use one. We will see when your funds post to the AMP bank account.
          Hi,
          Can you check from the previous transfer? As I am using a template setup with bank for the transfer, the last and upcoming one will be exactly the same.

          Thanks

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          • #6
            yes, the funds department will coordinate directly with you.

            Comment

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