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Following its €1.8M Bank of Lithuania fine, Zen.com is now slapping a 0.30% "High Risk Fee" on plain SEPA transfers to Interactive Brokers (Citibank DE)
Zen.com (a Lithuanian-licensed EMI founded by a Polish team) is now charging a 0.30% "High Risk Fee" (€32.21 on top of a €0.25 standard fee) for plain outbound SEPA transfers to Interactive Brokers LLC (Citibank Germany IBAN). Calling an S&P 500 brokerage regulated by the SEC, FINRA, and Central Ban…
I was always baffled seeing adverts for money transfer companies, since it's something that can be done so easily and quickly here. Now I know why those companies exist.
Luckily for our planet the cash burning will be done electronically, just digit money transfer, not actual burning of paper so no carbon emissions impact.
Indicative rates, not an offer. Averaged from real buy and sell prices.
Following its €1.8M Bank of Lithuania fine, Zen.com is now slapping a 0.30% "High Risk Fee" on plain SEPA transfers to Interactive Brokers (Citibank DE)
Zen.com (a Lithuanian-licensed EMI founded by a Polish team) is now charging a 0.30% "High Risk Fee" (€32.21 on top of a €0.25 standard fee) for plain outbound SEPA transfers to Interactive Brokers LLC (Citibank Germany IBAN). Calling an S&P 500 brokerage regulated by the SEC, FINRA, and Central Ban…
I was always baffled seeing adverts for money transfer companies, since it's something that can be done so easily and quickly here. Now I know why those companies exist.
Luckily for our planet the cash burning will be done electronically, just digit money transfer, not actual burning of paper so no carbon emissions impact.
Indicative rates, not an offer. Averaged from real buy and sell prices.