What does the OUR, SHA, BEN in the commission payment?

When making an international wire transfer you can usually choose between different options, depending on who should pay the fees:

  • OUR instruction means you as the sender pay all transfer charges.
  • SHA (shared) means you only pay your bank's outgoing transfer charge. The recipient pays his charges.
  • BEN (beneficiary) means you do not pay any charge, all will be paid by the beneficiary.