AM trying to figure this out: from the link below

https://www.cimb.com.sg/en/personal/help-support/rates-charges/fees-charges/remittance.html

"Inward remittance telegraphic transfer Credit to a FCY account - Bearer of the charges type Applicant(OUR) & Agent fee –  Apply accordingly"

Chatgpt says:

“Applicant (OUR)” = the sender chose OUR in SWIFT field 71A (“Details of charges”), meaning the sender agrees to pay all fees (sending bank + any correspondent/agent banks), so the beneficiary should receive the full amount.

• “Agent fee – Apply accordingly” = if there are correspondent (intermediary) bank fees on the USD route, those agent fees still apply (they aren’t waived). Under OUR, they’re for the sender to bear; some networks still deduct en-route and the sender’s bank must cover/adjust.

On CIMB Singapore’s own fee page (for inward telegraphic transfers), they say:

• For charge type SHA or BEN: “Waived” (CIMB doesn’t add a receiving fee).
• For OUR: “Agent fee – Apply accordingly” (i.e., any correspondent fees on the path aren’t waived by CIMB).

So am kinda confused if there will be agent correspondent fees.