Blog Archives
What Are SEPA Transfers?
SEPA (Single Euro Payments Area) transfers are used while making domestic or cross-border bank transfers in Europe. SEPA unifies transfers in the European Union, making these transfers as easy and affordable as domestic transfers. Most of the SEPA transfers are … Continue reading
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Are there any other charges?
For Indian businesses, local collections and payments have no other charges. For most businesses, all they pay is 1.50% of the transaction. Local collections are available for USD, GBP, and EUR (soon CAD and SGD as well). Local payments are … Continue reading
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Can I open an account for UK business without a UK resident director?
Yes. We do not require a UK resident director or nominee director for creating these accounts. Our unique presence in the UK-India corridor enables us to serve Indian residents operating a UK company.
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⚠️Currency Conversion – Important Read
Please read this carefully before you start using the portal Before booking a conversion (converting a currency to another), make sure you have sufficient funds available in the currency that you are selling. Why is this important? The portal allows … Continue reading
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Which countries can I receive money or payments from?
You can collect funds from 180+ countries and territories worldwide and this list is reviewed and updated periodically in line with market and regulatory conditions. Please refer to the table below for a full list of permitted jurisdictions. Åland Islands … Continue reading
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How can I receive international payments?
Receiving international payments through Winvesta Business banking is quite straightforward. Here are the steps. Select the account you want to receive the payment in. For example, if you are receiving money from a US client, select USD. Go to account … Continue reading
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Restricted Business Activity
As part of their ongoing commitment to mitigate the risk of money laundering and terrorist financing, our EMI – TCCL, has a number of restrictions on the type of industries, activities, and countries we support and service. Failure to comply with … Continue reading
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How do I make a payment?
With the Winvesta Multi-Currency Account, you can send funds to customers in 37 currencies across 212 countries. We will notify you when the payment is complete. As a first step, you need to create a beneficiary by providing information like … Continue reading
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How do I share my SWIFT enabled IBAN account details?
Your Winvesta MCA has been enabled for receiving SWIFT payments for the below-listed currencies. To receive any of these currencies, Share your SWIFT account details with the sender. There is no limit on the amount you can receive. The time … Continue reading
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How do I receive Euro EUR?
To receive EUR, you need to share your EUR account details with the sender. If payment originates from any of the SEPA Countries (see list below): Share your named IBAN number with the sender. You will receive the money within the … Continue reading
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