Can I see the exchange rate before converting or transfering money?
Yes, you can see the exchange rates at the time of converting currencies. We offer extremely competitive rates that can save you as much as 75% compared to traditional banks.
Please note that if you are using SWIFT payments to transfer money in foreign currency, the receiving bank would be responsible for the conversion and may also charge a conversion fee. For example, if you send USD as SWIFT (SHA) payment to India, the conversion to INR will be done by the receiving Indian bank and the receiving and intermediary banks may deduct additional fees, so your beneficiary may get less than what was sent. To see the exchange rate before sending the payment, we recommend converting the money within the Winvesta account to INR and then using local payments.