bigone5500
Well-Known Member
I learned just today that my financial institution charges me for what is called an IAT transaction at a rate of $10 per transaction. I will not be making any more purchases from banggood anytime in the future due to this reason. They said it takes them about 45 minutes to run checks required by the federal government which is why they now charge the fee.
Best to contact your bank and see if they charge for this type transaction.
It has to do with OFAC. https://www.treasury.gov/about/organ...s-control.aspx
Best to contact your bank and see if they charge for this type transaction.
It has to do with OFAC. https://www.treasury.gov/about/organ...s-control.aspx