I received a receipt that suggests that I will be charged fees and taxes other than those on the receipt. What does this mean?
In some cases, when you send money abroad, foreign taxes may be charged on the transfer and the recipient’s bank may deduct additional fees from the amount sent.
These amounts are in addition to any fees that you paid when you sent the transfer and any other fees that may appear on the receipt. Many companies that provide remittance transfers are required to tell you if there might be some such unexpected fees or taxes. But those companies are not required to tell you the amount of such fees or taxes. The person to whom you are sending money may know the amounts from experience.
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