In some cases, the recipient may receive slightly less than the amount you sent when using Crypto-to-Fiat. This is typically due to intermediary bank fees applied during the fiat transfer.
SWIFT payment routing and SHA fees
For certain corridors, Crypto-to-Fiat payouts are processed via the SWIFT network using the SHA (shared) fee model.
Under SWIFT SHA:
The sender covers the outgoing transfer fees
Any intermediary or correspondent bank fees are deducted during the transfer
The recipient’s bank may also deduct incoming fees
These intermediary bank fees are outside of Request Finance’s control and are not known in advance. As a result, the final amount credited to the recipient’s bank account can be lower than the original amount sent.
Why SHA is used
For some payment routes and currencies, SWIFT SHA is required due to banking partner constraints.
What you can do
If receiving the exact amount is critical:
Consider sending a slightly higher amount to account for potential intermediary fees.
Check with the recipient’s bank to understand typical incoming or correspondent bank charges.
Reach out to the Request Finance team to explore alternative payment routes