Dukascopy Bank SA today announced the reduction of withdrawal transfer fees on trading products, as follows:

As part of its efforts improving client value and satisfaction, Dukascopy is cutting withdrawal fees for two of the most popular currencies, EUR and USD. Moreover, to offer its clients more choice and flexibility, the company has introduced the SHA commission for USD, GBP, SGD, ILS, PLN, and HKD currencies. These improvements allow Dukascopy’s clients to choose the most suitable option for their needs.

What is the difference between SHA and OUR commissions?

• SHA commission means that the sender pays only Dukascopy Bank’s commission, and the recipient may receive the amount of transfer less receiver’s correspondent bank charges.
• OUR commission means that the sender pays all the charges, and the recipient (in most cases) receives the exact amount of the transfer.

This announcement concerns Dukascopy Bank SA clients, and different fees apply to other Dukascopy entities.