When you make a transfer to ZAR in South Africa, or a transfer to Japan which is over 1 million JPY, we send it to your recipient as a SWIFT transfer.
The SWIFT international payment network is one of the largest financial messaging systems in the world.
Usually when a SWIFT transfer is made through a bank, the recipient will be charged a fee by any banks that handle the money along the way.
When sending money to JPY or ZAR with TransferWise, we go the extra mile to cover all fees from any intermediary banks and the receiving bank. This means that the amount that we show when your transfer is sent out will be the amount your recipient receives into their account.
If this is not the case, please get in touch with us.