I have a bank account in USD in a European bank. I want to transfer 20,000 USD from that account to a US bank account (PNC bank) in USD. My EU bank account takes 0.2% of the total amount, which is 0.002*20000=40USD.
Do you think that the 0.2% charge is used to cover all charges or additional ones will be incurred? Will the transaction have to go through an intermediary bank, even though the source and target currencies are the same? How do I minimize losses on that transaction?