How does a bank transfer work?
A bank transfer is a method of sending funds using banking details — different from a regular card transaction. In some cases, the money may pass through one or more intermediary (correspondent) banks before it reaches your account.
Yes, your bank may charge fees
Your bank may apply additional charges when you receive a bank transfer. These can include:
Fees from your receiving bank
Fees from intermediary (correspondent) banks involved in the transaction
Check with your bank first
To avoid surprises, it’s best to ask your bank in advance if there are any fees for receiving a bank transfer. Be sure to ask about:
Charges for incoming international transfers
Fees applied by correspondent banks
Any extra administrative costs
Where to find more info
You can find more details about the "Bank Transfer" method on the Libertex platform or website. It’s always good to review this info before submitting your withdrawal.
💡 Remember: Libertex does not charge hidden fees for bank transfers, but your bank or intermediary banks might, so it’s smart to stay informed.