These are codes representing how to arrange for the local and overseas bank charges.
By choosing "SHA", the bank charges incurred locally will be paid by you as the remitter. The overseas bank charges will be paid by the beneficiary. Therefore, the overseas bank charges will be deducted from proceeds and the beneficiary will receive the remaining amount net of overseas bank charges.
By choosing "BEN", the beneficiary will pay both the local and overseas bank charges. Therefore, the beneficiary will only receive the remaining amount net of local and overseas bank charges.
By choosing "OUR", the remitter will pay both the local and overseas bank charges. Therefore, the beneficiary will receive the whole amount of the remittance.
The actual amount of overseas bank charges will depend on the beneficiary countries, zones and the route of the remittance.
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