Is it valid for a collecting to claim more than 600 dollars

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin; besttradesolution.com
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TradeLaporte
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Is it valid for a collecting to claim more than 600 dollars

Post by TradeLaporte » Fri Sep 13, 2013 9:59 am

Hi team
A collecting bank in Europe claimed from remitting bank fees over $600 dollars for a documentary collection that has been cancelled. Remitting bank refuses to paid excessive fees

Your comments appreciate it
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picant
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Joined: Wed Aug 20, 2008 1:49 pm

Collections fees

Post by picant » Fri Sep 13, 2013 11:02 am

Hi Pal,

try to visit the official website of the bank, most european banks have a price list of their services.
Let me know if collection included a bill to be protested, in this case, a fiscal stamp has to e paid.
However ask for a cost breakdown.
Ciao
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