You can choose from three options:
Principal pays the costs (OUR): you pay all the charges
applying to the transaction, i.e. those levied by KBC Brussels and by
the beneficiary's bank.
Shared costs (SHA): Each party pays their own charges, i.e.
you pay KBC Brussels's charges and the beneficiary pays their bank's
Beneficiary pays the costs (BEN): the beneficiary pays all
the charges i.e. those levied by KBC Brussels and by the beneficiary's
Watch out if you receive payments from the US. Many American banks
do not comply with the OUR option (where the principal pays all the
charges) and consequently payments are converted to the SHA system
(where the beneficiary shares the charges). In such situations, you
will not receive the full amount of the transfer, even if the
principal chooses the OUR cost option.