Reference category

Money transfers

Reference material for money transfers, grouped by set and paired with working tools.

Each entry states the definition, the facts and the practical caveats before linking to the matching tool.

Reference sets in this category (1)

Remittance Reference

The fees, rates and banking terms behind an international transfer, with the calculator that prices each one.

All 14 entries

Remittance Reference 14 entries

Mid-market rateThe midpoint between buy and sell rates, used as a reference. FX marginThe provider's markup inside the exchange rate. Fixed feeA flat charge per transfer, independent of the amount. Percentage feeA charge proportional to the amount sent. Receiving feeA charge deducted by the destination bank or provider. Intermediary bankA correspondent bank that processes a transfer between banks. SWIFT transferThe cross-border messaging network used by banks for wires. SEPA transferEuro payments within the Single Euro Payments Area. ACH transferA low-cost batch payment system used in the United States. IBANAn international account number used mainly in Europe and beyond. BIC / SWIFT codeAn identifier for a bank in international payments. Value dateThe date the money becomes available, not when it was sent. Transfer limitThe maximum amount a provider allows per transfer or per period. FX bufferExtra money set aside for rate movement before a payment.