What are the other charges for the Multi-Currency Account

Indian individuals who are freelancers or solopreneurs carrying out the export of goods or services do not have to pay extra for local collections and payments. They only need to pay 0.99% ($3 minimum) for transactions in USD, GBP, EUR, CAD, and 1.25% for other currencies. However, extra charges may apply in the following situations:

  • If someone sends you money through SWIFT or FEDWIRE, there is a $10 fee.
  • For Non-INR withdrawals through SWIFT, there is a $17.5 Shared fee per transaction.
  • If you withdraw over $5,001 or over $100,000 per transaction (Non-INR), there will be a payment flow fee of 0.2% and 0.1%, respectively.
  • Local payments (Non-INR) to other countries will have a $4 payment fee
  • If you are enabled for and convert between currencies (Non-INR), you will be charged an FX markup of 1.50%.
  • Winvesta Fees for INR withdrawals (USD, EUR, GBP, CAD) will be at 0.99% ($3 minimum).

    *1.25% for other currencies

By considering these fees, you can make informed decisions and ensure that your transactions are as cost-effective as possible.

If you need any further assistance, please contact us.

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