I work abroad in a SEPA country and send money to my non-SEPA home country regularly. In the foreign country I have a euro bank account and in the home country - a non-euro bank account.
My foreign bank account does not have any fees for sending money, however my home bank has significant fees for receiving money (10 euros + 0.5% of the transferred amount).
I discovered that my home bank does not have any fees if the money received is less than 50 euros.
To avoid the fees, I simply send 49 euros weekly instead of 200 euros every month. Using a different bank would not be better, because all but one bank in my home country have this reception fee.
My question is why does my home bank have a policy like this? How is handling 200 euros any different than handling 50 euros? What does the bank do behind the scenes to warrant this policy?
This seems like an inconvenience both for me and the bank itself, as we both have to do the same thing 4 times a month instead of once a month to get the same result.