Selecting payment charges for Swift payments

What are the available payment charge types for priority payments?

There are two available payment charge types – ‘Shared’ (SHA) and ‘Ours’ (OUR). We do not support ‘Beneficiary’ (BEN).

What is the difference between ‘Shared’ and ‘Ours’ charge type? 

• Shared (SHA): The intermediary bank charges are deducted from the payment amount. As a result, the payment amount received in the beneficiary bank account may be less than the full amount expected.
• Ours (OUR): The intermediary bank charges are covered by the payer and not deducted from the payment amount. The beneficiary receives the full payment amount but the payer will be charged a higher payment fee to cover the intermediary bank charges.