Re: [Slovak-World] International Wire Transfer
You have taken another step to Heaven.
From: Vladimir Linder <vlinder49@...>
Sent: Friday, May 11, 2012 10:21 AM
Subject: Re: [Slovak-World] International Wire Transfer
You should have asked me I could have save you
all the money for all the transfers as I do have
an account in SLOVAKIA in Euro currency and you
would have send a cheque in US$ to me in Canada.
No problem at all. International money transfers
are expensive. In Canada everything goes through
Royal Bank, it doesn't matter which bank you deal
with. For money coming to Canada I pay 15.00 $ transfer fee to the bank here.
Slovak BANKS are a RIP OFF and they charge for
even you depositing money into your own account,
simply for everything and the charges are astronomical.
You will be Happy in Modra-Harmonia and You will learn Slovak.
At 07:13 AM 5/11/2012, you wrote:
>[Non-text portions of this message have been removed]
>Is anyone experienced with transferring money to Slovakia?
>My daughter and I are taking a 3 week Language
>Study program in Modra-Harmonia in July.
>I thought I'd take advantage of the 10% discount by paying prior to April 30.
>After the transaction went through, the final payment came thru 44€ short.
>I had paid a fee at my bank to have the money
>transferred in Euros, so I was confused by this difference.
>After some investigation on the University's
>part, I was told that the Slovak Bank charged a 12€ fee for the deposit.
>After a discussion with someone at my bank in
>the US., I was told that when the transfer was
>made,in addition to the fee collected from my
>account, there was a 12€ charge from the bank's
>affiliate in Spain, (I have a Sovereign bank
>account that is a subsidiary of Santander, whose headquarters is in Spain.)
>Personally, I think that the University, who
>only accepts wire transfers, should have
>informed me of their 12€ fee, and that the woman
>at my bank should have known about the 12 € from
>her own bank when we went through the paperwork.
>(which by the way doesn't mention any of these fees in the details.)
>But, I am still left without €20. My bank wants
>to blame it on the Slovak bank, simply because
>they do not do transactions with Slovakia.
>as an explanation, the University Contact sent
>this in reference to the extra charges:
>Our economic department verified the situation
>regarding your payment. We were informed from
>the bank " Statna pokladnica" , that the
>difference 44,-€ is transfer fee of the bank
>that shared on this transaction: 12,- € and 32,-
>€, all together 44,- €. This transfer was made
>via TARGET2 system, which is charging payment in
>real time on the RTGS principle.
>In an earlier e-mail,, she told me that the
>Slovak Bank charge €12. I have determined that
>part of it is from my own bank (€12.), but I am at a loss about the extra 20€.
>Has anyone else had the experience of transferring money to Slovakia?
>I am grateful that the University will accept
>the €44 when we arrive, because if I had to wire
>the money, I would have to pay $31.00 to my bank
>plus €12 to my bank, plus €12 to the slovak bank
>plus whatever amount for the TARGET2 system,
>which be more in fees than the actual money being sent.
>Does anyone else out there think that this is a bit crazy?
>Good thing i went with the 10% discount because
>I'm pretty much back to the full cost of the
>program, but at least I'm not paying extra!
[Non-text portions of this message have been removed]