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General terms for bank wire withdrawals

  • When withdrawing from a client’s account via bank wire transfer in euro, no additional taxes are charged, despite the client’s bank.
  • When withdrawing from a client’s account using RINGS service, additional costs are at the expense of the client, according to the current bank tariff.
  • The bank account holder and the BenchMark Finance account holder must be the same person.
  • Processing transfer requests is done in accordance with the banking institutions’ working schedules.
  • The arrival time of the requested sum may vary, depending from your bank, currency and at what time the request has been made.
  • Regarding withdrawal requests of sums larger than 15 000 EUR or their amount in the respective currency, the client must fill Declaration in accordance with Art. 6, para 4 of the Measures Against Money Laundering Act.

Regarding withdrawing funds in a currency different from the one in the client’s bank account, the withdrawn amount is exchanged to the currency of the client’s bank account on a spot exchange rate.

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