We receive many bank wires each month from patent and trademark firms outside of the US. Some months ago in a flurry of micro-managing, I happened upon the realization that Wells Fargo was charging us anywhere in the range of $16-27 per incoming foreign bank wire. This prompted us to switch over to Afex as a way to receive incoming bank wires, because Afex will receive such wires free of charge.
But we have decided to stop using Afex for incoming bank wires, and we are now using TransferWise to receive our incoming bank wires. This blog article describes why. Continue reading