Amount Deducted from Wire Deposit (Intermediary Bank Fees)

Tastytrade does not charge an incoming wire fee, but some wires may be subject to intermediary wire fees. What's an intermediary wire fee? Well, when you send a wire, it goes through a maze of different banks to land in your tastytrade account. Some of those banks in the middle may charge a fee to handle the wire, resulting in a wire transfer lower than your original amount. Typically, these fees affect international wires but can affect any wire transfers, including domestic. Please reach out to your bank to determine if your wire transfer may be subject to fees outside of what your bank may charge.