i wondered if there is a way of manually requesting settlement of funds. We have a Euro bank account that is charging £5 per inward transaction and we only have a few small transactions per day. We would want to request funds when orders reach a certain total and hence incur just one charge…
Hello! Yes, there is usually a way to manually request the settlement of funds in order to minimize transaction fees. However, the process and availability of such a service may vary depending on your specific bank and the services they offer. Here are a few possible options:
- Contact your bank: Reach out to your Euro bank and inquire about their policies regarding manual fund settlement. Ask if they offer a service or procedure for requesting the consolidation of multiple transactions into a single settlement.
- Online banking platform: Check if your bank provides an online banking platform where you can manage your account. Many banks offer features that allow you to manually request transfers or consolidate transactions. Look for options such as “batch transfers” or “bulk transfers” that may enable you to combine multiple small transactions into one.
- Account manager: If you have an account manager or a dedicated representative at your bank, contact them directly and explain your situation. They may be able to provide you with a solution or offer alternative arrangements to minimize fees.
- Payment gateway or third-party service: If you’re using a payment gateway or a third-party service to process transactions, check if they offer any options for manual fund settlement. They may have features or settings that allow you to consolidate transactions before transferring the funds to your Euro bank account.
Remember, the availability and specifics of these options may vary depending on your bank and the services you use. It’s best to directly communicate with your bank or financial service provider to explore the most suitable solution for your needs.