Bank payments and transfers are services that allow you to send money from one bank account to another, within the same bank, to another bank in Albania, or to a beneficiary abroad.

Main types of transfers

Intra-bank Transfers

Transfers between two accounts held with the same bank. They are generally faster and may have lower fees.

Domestic Interbank Transfers

Transfers from one bank to another within Albania. The cost and processing time may vary depending on the bank, transfer amount, currency, and channel used.

International Transfers

Transfers to a bank account outside Albania. These transfers generally involve higher fees and may also include charges from intermediary banks or foreign exchange costs.

What should you compare?

When comparing payment and transfer services, pay attention to:

1. Transfer fee

2. Processing time

3. Transfer currency

4. Channel used: branch, internet banking, or mobile banking

5. Minimum and maximum transfer limits

6. Intermediary bank fees for international transfers

7. Exchange rate, if the transfer involves currency conversion

8. Fee-sharing options: OUR, SHA, or BEN

Choose the right transfer for your needs

For transfers within the same bank, focus on processing time and service fees.

For transfers to other banks in Albania, focus on the fee, processing time, and channel used.

For international transfers, focus on fees, exchange rates, intermediary bank charges, and fee-sharing options.

For online or mobile banking payments, focus on cost, ease of use, and daily transaction limits.

What should you know?

The cost of a transfer does not depend only on the bank’s transfer fee. International transfers may also involve intermediary bank charges, exchange rate differences, and other costs that can affect the final amount received by the beneficiary.

For this reason, it is important to compare not only the fee, but also how the transfer is processed and the full terms of the service.