OUR – the customer pays the fee of TeslaPay and correspondent bank. However, additional fees may apply if during the transfer intermediary bank or the beneficiary bank charges additional fees. In some cases the correspondent bank and/or the beneficiary bank does not regard the instructions of TeslaPay, therefore the commission of such banks may be charged from the payment’s amount.
SHA - a customer pays TeslaPay fees. A recipient covers payment-related fees of intermediary banks and a beneficiary bank.
BEN - a beneficiary pays TeslaPay and other banks' fees that are withdrawn from the transfer amount. The minimum payment amount accounts for EUR 200 or equivalent in other currencies.
- The TeslaPay applies only SHA-type fees for outgoing transfers in euro and other EEA* currencies** within the EEA. When making payments to the EEA country in euro or other EEA currencies, a beneficiary bank receives the full payment amount; the beneficiary bank's fee can be withheld from the beneficiary if it is stipulated by the beneficiary bank and the payment beneficiary's agreement. If BEN or OUR-type fee is specified in the payment order, TeslaPay is entitled to change it to SHA.
- The TeslaPay applies OUR and SHA-type fees for outgoing transfers in EUR and other currencies of the EEA outside the EEA; BEN-type fees do NOT apply for transfers in EUR.
* Member countries of the European Economic Area (EEA): Iceland, Norway, Liechtenstein, and 27 EU countries – Austria, Belgium, Bulgaria, Czech Republic, Denmark, France, Greece, Estonia, Ireland, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Finland, Spain, Hungary, Germany, Sweden, Croatia.
**Currencies of the European Economic Area (EEA): EUR, GBP, NOK, SEK, CZK, CHF.