Message types – SEPA and SWIFT at GLOBALtransfer

Types of transfers offered

SHA (share) option

The transmission costs are shared between both parties. The sender pays a commission on his side, while the recipient may receive the amount minus the deductions of intermediary banks (this is more common in the case of USD). Additionally, the recipient's bank may charge a fee for accepting the transfer - it depends on the type of account and its price list. Generally, we recommend making EUR transfers to EOP countries using the SHA option. Other currencies to EOP are also usually worth sending in SHA - possible intermediary costs in this area are rare and are usually lower than the difference between OUR and SHA.

OUR option

All fees are covered by the sender in one, predetermined amount. The money goes to the recipient in full amount, without any intermediary deductions. The beneficiary may only pay a possible fee from his bank for recording the funds, resulting from the account parameters. Transfers outside EOP (e.g. USA, Asian countries, South America) are usually better sent via OUR, because fees of intermediary banks appear along the settlement route. Payments from invoices and settlements with contractors - if you want to be sure that the recipient will receive the full amount from the document, select OUR.

SEPA transfers (EUR, EEA)

Transfers in euro sent to the countries of the European Payment Area are executed as SEPA in the SHA option. There are no intermediaries deducted along the way, so the full amount goes to the recipient. The only possible fee for the beneficiary is his bank's commission for accepting the transfer - depending on the terms of the account. It's the fastest and cheapest way to transfer euros within Europe.

Transfers outside the EOP

Sending EUR outside the EOP area may involve costs for intermediary banks. Typically, these amounts range from several to several dozen euros and are deducted from the transfer using the SHA option. Additionally, the recipient's bank may charge a fee for crediting the funds. Transfers in currencies such as USD, GBP, CHF, SEK, NOK, DKK, CAD, JPY and CZK are made via the SWIFT network. When shipping to the USA, Asian or South American countries, intermediaries usually charge their own fees, so we recommend the OUR option to ensure the full amount is received by the recipient.