How much interest will I pay

[Haapoma]

Many companies will send $7 to my bank account for my service. I want to open a company at BVI and a bank account at Euro Pacific Bank. I want to know how much interest I will pay on average.

 

[Sols]

The fee for an incoming transaction under $15,000 is $30 so if someone sends you $7, you will get -$23.

https://europacbank.com/products/bank-accounts/fees-and-charges/

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This is the probably the answer to your question.

 

[speedster]

Why would you pay interest on funds received? Is there some sort of loan involved?

 

[JohnLocke]

You want to collect such small amounts using an EMI and then send them from there (once you have collected enough) to a bank account. Otherwise the fees will kill you.

I would consider to get paid by PayPal or Credit card or even Crypto with such small amounts.

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[Haapoma]

So is there a bank that works with the percentage?

 

[Haapoma]

Admin said:
You want to collect such small amounts using an EMI and then send them from there (once you have collected enough) to a bank account. Otherwise the fees will kill you.

I would consider to get paid by PayPal or Credit card or even Crypto with such small amounts.
Click to expand...

Sols said:
The fee for an incoming transaction under $15,000 is $30 so if someone sends you $7, you will get -$23.

https://europacbank.com/products/bank-accounts/fees-and-charges/
Click to expand...

So is there a bank that works with the percentage?

 

[Haapoma]

Admin said:
You want to collect such small amounts using an EMI and then send them from there (once you have collected enough) to a bank account. Otherwise the fees will kill you.

I would consider to get paid by PayPal or Credit card or even Crypto with such small amounts.
Click to expand...

Is there a bank that I will sell and not lose at the price I want?