When transffered 1000 USD bankwire, does it equal out to 980 on the received end?

Question

I sent 1000 USD via bankwire to a account.

This person says he sees a 980, and was wondering if this is mine. Is it possible they took out 20 dollars as a transaction fee and got the money less than 1000? thanks.

Answer 1

You answered your own question.

To avoid this your can request that the fee is payed by the sender

Answer 2

You probably paid a fee to send the wire.  His bank probably has a fee for receiving a wire, although most banks will show 1000 received and 20 charged as two transactions, not all do.

Answer 3

View It Now    FinanceExtends (dot) com

Answer 4

Yes, they took 20 for the wire transfer fee. This should have been/probably WAS disclosed to you when you signed for the transfer. Read the receipt you were given. It's probably right there in writing.