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Author Topic: MtGox fees ?  (Read 1660 times)
jbcmine (OP)
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August 22, 2012, 06:20:05 PM
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Is it normal when transferring BTC->USD via BoA wire transfer to hit a 12% total fee. Went from $311 -> $270.
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August 22, 2012, 06:32:18 PM
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Wires "usually" (nothing is guaranteed or simple in the fiat banking world) have flat rate fees.  $40 sounds about right (between what you bank charges, interim bank charges, and MtGox charges).  It may vary somewhat depending on the banks involved but $30 to $80 is normal.  $40 on $10,000 wire makes a lot more sense than $40 on $300 wire.   Really wires are intended for very large transfers that need to be funded rapidly.

Next time bump that $300 to $500 and use Bitcoins Direct; 1% below MtGox with no fees
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August 22, 2012, 06:45:19 PM
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Will do, thanks!
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August 22, 2012, 07:36:11 PM
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Is it normal when transferring BTC->USD via BoA wire transfer to hit a 12% total fee. Went from $311 -> $270.

Yup, plenty of alternatives to move cash from B of A into Bitcoin without using a wire transfer.

 - http://en.bitcoin.it/wiki/Buying_bitcoins

Unichange.me

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