Current Fees and Charges | | Approved | Declined | | Monthly Service Charge | FREE | | | | | SMS Charges | | | 1) | Card block command and one-time code | FREE | | | Money transfer commands | ˆ 0.45 | | 2) | Other commands and enquiries | ˆ 0.25 | |
| | | Loading Transactions | | | | Internet Credit Card Load | 6.0 % | | 3) | Wire Transfer to Towah | 2.5 % | | | Towah Cash Points | 3.5 % | | | | | Manual Transactions | | | 4) | Bank transfer (with IBAN, submitted on Towahbanking.com) | ˆ 15 | ˆ 15 + bank fees | | Bank transfer (with IBAN, manual request via email or phone) | ˆ 25 | ˆ 25 + bank fees | | Bank transfer (single-step SWIFT) | ˆ 25 | ˆ 25 + bank fees | 5) | Bank transfer (multi-step SWIFT) | ˆ 25 + ˆ 15/step | ˆ 25 + bank fees | 5) | | | Administrative Transactions | | | | Chargeback | Fee ˆ 20 | | |
POS = Point of Sale. This is the term for using the card at a store or online merchant.
ATM = Automated Teller Machine. Also known as a minibank or "the hole in the wall". 1) This is just the Towah™ fee. Your mobile phone provider will charge you the regular rate for sending the SMS message. 2) This is a single fee for an entire transaction, which covers; a receipt to you and, if applicable, receipts to any affected third party such as a receiver of funds, and any request for verification codes via SMS. 3) The credit card processor deducts 6% from the entire amount, so in order to get the correct amount loaded to your Towah™ account, the fees are calculated like this (amount to load / 0.94) 4) Manual transactions that are rejected by either the sending or receiving bank because of incorrect information may incur penalty fees. If such penalty fees are incurred, Towah™ will charge this fee to your Towah™ account. The initial transfer fee will not be refunded. Note that some banks charge a fee for received funds. 5) Single step SWIFT transfers are direct transfers to the bank where you hold your account. Multi step SWIFT transfers are to accounts where transfers have to go via one or more intermediate banks to reach the beneficiary bank. The fee is one regular SWIFT fee plus a fee per intermediate step. |
