Our primary client only pays via wire transfer. We just got a payment and its associated $12 “incoming wire transfer fee.” Given the volume of work and how payments are parcelled out (project by project), we end up with $800–$1000 per year in these fees. Given the electronic nature of things, this is insane. Given the size and internal practices of the client, change on their end is a non-starter.
Is there a bank out there that doesn’t charge for incoming wires? A national bank with a full range of online services?
Wow, what a narrow GQ.
Thanks,
Rhythm