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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Neuromancer ⎊  😊 😞
Number: of 12641 
Subject: Re: OT: WISE transfer funds
Date: 03/16/2023 6:55 PM
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Did your friend have to pay any fee at their end to receive the transfer?

I'm curious if it would work if both accounts were in the same name, so that it could be used to move funds from one country to another without the bank fees.
I have an account in Canada (which is duly reported via FinCen and to the IRS) but transferring to my US account invokes fees that add 3 - 6% to such transactions either way.

It would be great to simply deal with the exchange rate plus a small fee (say 1%?) instead (or even a flat fee).
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