IB withdrawal fee

Hello,

I want to withdraw 50K euros from IB and it's the first time I am doing this 2 times in a month, so I will have a withdrawal fee( SEPA 1 EUR ). My question is do they take the 1 EUR fee on the amount wired or do they take it on your account? Will I get 50000 or 49999 EUR at my bank?For some reason I want to get exactly 50000 EUR at my bank.

Thanks a lot for your help.

 

That one euro one will make or break you, huh?

 

As I see you want to know, I am creating a corp and this is the amount I need on the certificate of the bank. You know the answer?

 

I have done multiple withdrawals in the past.

I dont recall them deducting the charge from the wire.

 

Thanks, me too, but I have never paid a fee as the first withdrawal of the month is free.

Confirmation from others?

 

It comes from the account, not the wire or withdrawal. First withdrawal free. This is clearly on their site.

http://www.interactivebrokers.com/en/p.php?f=funding&p=cash1

Your receiving bank, however, may charge you a fee to receive the wire. They may charge you a fee for you to give them money. Why? I don't know