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Please split out bank fees in TransferWise bank feed

In order to transfer money from a GBP balance in TransferWise to another British bank account, TransferWise charges a fee (£0.32 per transaction, I think).

When importing these transactions automatically using a bank feed in QuickFile, both the transfer and the fee are grouped together. For example, if I sent a transfer of £25.65, QuickFile will automatically list one transaction of £25.97 (which is £25.65 + £0.32).

Now if I want to tag this transaction in QuickFile as a transfer, I can’t do it, because it will treat the whole amount as the transfer, rather than the amount minus the fee. This would be much easier if the automatic bank feed with TransferWise split out the bank fee from the transfer.

How can I get QuickFile to separate the bank fee from the transfer when importing a bank feed automatically from TransferWise?

Hi @bidi

This isn’t an option at the moment. However, I have turned this into a feature request and if there is enough interest in it, the development team will take a look into this.

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Thank you. In the meantime, what should I do as a workaround? Should I manually delete the transaction and create the separate transactions? Would that create problems for the automatic import process?

Hi @bidi,

I think you may have found your answer on this thread? Dealing with Bank fees

I asked a similar question in that thread but I’m still not sure of the answer. If I have to manually delete the automatically imported transactions, it looks like they will automatically get added again, I think… If that is the case, why set up an automated feed at all?

I believe the feed only looks back a couple of days so they may reappear the next day but they shouldn’t after this. If you’re in doubt it may be best to leave them a day or two before deleting them to avoid them being pulled back through

Hi,
i have activated the bank feed with Transferwise and I have same problem. Do you have some updates about ? Thanks.

@simonegianlu - Let me send you a private message and get some account details from you. We may be able to enable this for your account.