When sending a payment, you’ll be asked to select a charge type. This determines who pays the transfer fees—your company, the beneficiary, or a combination of both.
Charge options explained
OUR – You pay all fees
Your account is charged for all transfer costs including lifting fees that the intermediary or beneficiary bank may claim at a later date
The beneficiary receives the full amount, with no deductions
SHA – Fees are shared
You pay your bank’s fees
The beneficiary pays any intermediary or receiving bank fees
The beneficiary receives a reduced amount
BEN – The beneficiary pays all fees
All transfer-related fees are deducted from the payment
The beneficiary receives the remaining net amount