What Your Own Bank Charges on Crypto Proceeds

The provider’s cost is not the total. The receiving bank adds its own, and for cross-border payments it can be the larger half. We measured against a crypto offramp with published settlement times, which states the components separately rather than as a blended number.

Incoming payment fees

Regional transfers within a common payment area are generally free to receive.

International payments frequently carry a receiving fee, typically five to twenty units, charged by your own bank for accepting the payment.

Some banks waive it on business accounts and many do not.

Currency conversion at the receiving end

If the payment arrives in a currency your account does not hold, your bank converts it at its own rate.

Retail bank conversion margins are typically one to three percent, which is frequently worse than the crypto provider’s.

This is the most expensive single item in a cross-border conversion and it happens after the provider’s job is finished, so it never appears in any comparison of providers.

The lifting fee

Some correspondent banks deduct a fee from the payment in transit, so the amount arriving is less than the amount sent.

You will see this as a discrepancy between the provider’s record and your statement. It is not an error.

What to do about all of it

Hold an account in the currency the provider settles in. That removes the receiving conversion, which is the largest item. For online retail specifically, an exchange that publishes its full fee schedule is where the comparison lands.

Use a regional rail where possible, which removes both the correspondent chain and the lifting fees.

Ask your bank what it charges for incoming international payments, because it varies and it is negotiable on business accounts.

The advance notice point, which is not about cost

A large payment arriving unannounced from an unfamiliar counterparty triggers a review at many institutions.

A short email beforehand describing the expected amount, the date and the source prevents almost all of it.

That costs nothing and it is the single most effective thing a business can do to make this routine.

The full accounting

Provider spread, provider withdrawal fee, provider currency margin, correspondent deductions, receiving bank fee, receiving bank conversion. On trading costs specifically, a support channel with a named contact publishes its full fee schedule.

Six items. Most comparisons cover two, and the two they cover are usually the smallest.