Why Your International Transfer Did Not Arrive in Full

You send an international payment expecting the recipient to receive the exact amount you transferred. But when the money arrives, something is off. The recipient gets less than expected, the transfer takes longer than promised, or additional fees appear that were never clearly explained.

Does this sound familiar? You are not alone.

Many businesses and individuals encounter this situation when sending money across borders. In many cases, the missing amount is not caused by your bank or the recipient’s bank directly. Instead, it happens somewhere in between during the transfer process.

In this video, we explain one of the most common reasons behind this issue: intermediary banks. We look at what these banks do, how they affect international transfers, how their fees are applied, and what you can do to make your next cross-border payment more predictable.

Key Takeaways

• Why using a personal account for business can create legal and tax risks
• The role of a business checking account in daily operations
• When to use savings, money market, or CD accounts for surplus cash
• Why merchant accounts are essential for accepting card payments
• The difference between foreign currency accounts and multi-currency accounts
• Why most businesses benefit from combining multiple account types