Payments are routed around the world by different banks, and more than one bank may be involved from start to finish for a particular transaction. Each bank can apply charges for the services they provide. These charges, often deducted from the original amount before reaching TN Bank, are beyond our control or visibility.
If an IBAN/ BIC is not provided, it may result in additional fees being charged by other banks, or even the instruction being rejected by them.
Our correspondent bank charges EUR 15 for outgoing payments in EUR to those countries NOT listed as ‘Preferred Countries’ below. This means the recipient may receive EUR 15 less than the original amount sent. Please consider this charge when submitting payments if you wish for the beneficiary to receive a specific amount.
Preferred Countries: Spain, Portugal, Germany, Netherlands, Lithuania, France, Belgium, Italy, Ireland, Malta, Cyprus, the UK, and Gibraltar.