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Old 20.09.2011, 17:02
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Third party charges on SEPA transactions from CH to Eurozone Countries

Hi,

I've only been able to ascertain charges ZKB demand when transferring online SEPA transactions to an EU country but not what the liable fees are from the recipient banks (3rd party). I want to send money to two EU countries (Luxembourg - BCEE and Ireland- Bank of Ireland), however, the amounts are regular and small and I don't want to incur too many charges. I read that within the SEPA zone, normally you can't be charged more than domestic online transfers, which are small charges, this with the exception of Switzerland. I would like to know does this mean if I've paid the Swiss bank a charge to send funds the receiving bank in a eurozone country won't charge me more than domestic charges (I can only choose to share or accept all charges with ZKB)? I'm being careful because I sent 50 euro from Ireland (not online though) to Switzerland using SEPA and got charged 25 euro by the receiving bank, whereas the Irish bank only charged 50cent. The official in the Bank of Ireland didn't know this at the time so they were as surprised as me!

Thanks in advance to any advice.
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Old 20.09.2011, 18:32
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Re: Third party charges on SEPA transactions from CH to Eurozone Countries

Hey,

Had this exact problem. Transferring from Switzerland to Bank of Ireland will cost 7.50 for a transactions between 65 and 5,000. Therefore the best way is to make muitple transfers of 60. This way you will only pay the fee from the Swiss bank. In my case UBS charge 30rp for each SEPA payment.

It's a pain in the behind that BOI don't recognize Switzerand as part of SEPA. AIB do. It may be worth switching to them in the long term. I've spoken at length to Bank of Ireland about this in the past, but never got a satisfactory explination.
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Old 20.09.2011, 18:37
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Re: Third party charges on SEPA transactions from CH to Eurozone Countries

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Hi,

I've only been able to ascertain charges ZKB demand when transferring online SEPA transactions to an EU country but not what the liable fees are from the recipient banks (3rd party). I want to send money to two EU countries (Luxembourg - BCEE and Ireland- Bank of Ireland), however, the amounts are regular and small and I don't want to incur too many charges. I read that within the SEPA zone, normally you can't be charged more than domestic online transfers, which are small charges, this with the exception of Switzerland. I would like to know does this mean if I've paid the Swiss bank a charge to send funds the receiving bank in a eurozone country won't charge me more than domestic charges (I can only choose to share or accept all charges with ZKB)? I'm being careful because I sent 50 euro from Ireland (not online though) to Switzerland using SEPA and got charged 25 euro by the receiving bank, whereas the Irish bank only charged 50cent. The official in the Bank of Ireland didn't know this at the time so they were as surprised as me!

Thanks in advance to any advice.
For BCEE the answer is zero , unless you're on a plan where you pay for every transaction, in which case you pay the unsual "per transaction" fee.
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Old 21.09.2011, 16:03
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Re: Third party charges on SEPA transactions from CH to Eurozone Countries

Thanks guys very much for your replies, they were very helpful. Wow its so quick..I'm amazed how powerful this forum is for getting information sometimes!
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