|Margin||0.60% or less|
|Account management fees||$0|
|Opening local currency receiving accounts||$0|
|Holding funds in currency receiving accounts||$0|
^Our payment fees are determined by factors including the location where you and your payee are based and the currency you want to convert to.
Pricing, often called a margin, is the difference between the rate we buy your currency and the rate we sell it to you.
Most banks and FX providers will not disclose their pricing/margin as it’s hidden in the exchange rate you receive as the customer. Banks can charge as much as 5%, and in many cases a fixed fee is also charged. The true cost of your transfer is the fee plus the margin taken by your provider.
Margins are indicative and determined by transfer volumes. As such, margins are tailored to each business. The ‘Your margin’ field on the currency converter can be adjusted from 0.10% to 0.60% to display a range of customer exchange rates. Learn more about our pricing structure.