Post by The Soltesz Institute

You sent USD 100,000. Your supplier received USD 90,000. Where did the other USD 10,000 go? This is correspondent banking, the invisible layer of international payments that most businesses never see, but always feel. In our latest article, Eliot Charles Heilpern breaks down how correspondent banking works, why hidden fees eat into every cross-border transaction, and what companies operating internationally need to understand about how their money actually moves. Key takeaways: → Banks have accounts with other banks, and charge for it → “Bene Deduct” fees are silently taken before your payment arrives → FX margins and settlement fees add another layer of cost → Large corporates can negotiate rebates, most companies don’t even know to ask Understanding this is not optional for any business doing cross-border payments. Read the full article below #CorrespondentBanking #Payments #Banking #CrossBorder #Fintech #SolteszInstitute #NetworkManagement #PaymentStrategy