A correspondent bank fee is a charge applied by a bank that helps another institution route, process or settle a payment.
How does Correspondent Bank Fee work?
It commonly appears in international wires when the sending and receiving banks need an intermediary or a currency-specific banking relationship.
What should the operating record show?
The charge may be deducted from the transfer, billed between institutions or reflected in settlement. OUR, SHA and BEN describe allocation, but do not guarantee that every downstream deduction is known in advance.
What should not be inferred?
Compare the sender’s total debit with the final Recipient amount. Preserve the quote, charge option, bank references and credited value so an unexplained shortfall can be traced.
