Why my account has been credited with less amount than I've transferred?

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  • Last Post 08/26/2015 11:10 AM EST
John M Posted 07/28/2015 06:04 PM EST

Most likely, it's been an intermediary bank charge applied. Pay attention to your local bank conditions for making payments, as most of the banks apply fees for providing their services that will be deducted from the transferred amount. Such fees may be either some fixed amount or percentage from your transaction depending on particular bank's policy. Thus, let yourself know about your local bank terms in advance to estimate your additional costs.


Some websites cooperate with certain banks or payment systems to make payment terms for their customers more convenient and faster. Please check if an auto auction company has any agreements with some financial institutions about free charge payments for its clients.

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Paagrant Posted 08/26/2015 11:10 AM EST

Car auction companies applies to their clients' account the exact amount they are receiving. So if you were credited with less amount, the reason might be in the acceptable currency. Most of the US auto auction websites accept payments only in US Dollars, so when you make transfers in your local currency, please check thoroughly the bank exchange rates settled for US Dollars. The applicable bank exchange charges will depend on the particular bank and type of transfer you're using. Please, confirm this information with the bank you're going to use before paying.



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