Blog Archives
How do I receive Great British Pound GBP?
To receive GBP, you need to share your GBP account details with the sender, depending on where the payment is originating from. If payment originates from within the UK Share your named GBP Account SortCode and Account number with the … Continue reading
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How do I receive USD?
If your payment originates from within the USA: Share your USD ACH or Fedwire Account details with the sender. FedACH: You will receive the funds usually on the same day if less than $250,000 or the next day if over … Continue reading
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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 … Continue reading
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Which currencies can I collect/receive locally in?
You can collect and receive money locally in USD, EUR, GBP and CAD. You will get bank account details in each of these 3 currencies. Receiving money locally is cheaper and faster, and you don’t have to pay any third-party … Continue reading
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Which currencies can I hold in the account?
You can hold 34 currencies in the account. Please see the full list below. Important: You cannot hold APAC currencies (INR, IDR, MYR, and PHP) in the account due to capital controls. If you convert any balance to these currencies … Continue reading
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Is there a limit on how much money I can withdraw to my Indian bank account?
For using local payments in India, at the competitive exchange rates we provide, there is a limit of INR 15,00,000 per day. The funds usually get credited to the Indian bank account within 1 business day. For any transactions larger … Continue reading
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Is there any minimum account balance that I need to maintain?
Yes, but it’s minimal. Since your monthly account fee is deducted from your multi-currency account, you need to maintain a small cash balance of $500 in the account to pay for it and any other fixed transaction fees. If your … Continue reading
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Making payments to India, Indonesia, Malaysia and the Philippines – INR, IDR, MYR & PHP
You can make payments to India, Indonesia, Malaysia, and the Philippines by converting funds to Indian Rupee (INR), Indonesian Rupiah (IDR), Malaysian Ringgit (MYR), or Philippine Peso (PHP). Payment systems that we use for domestic payments We select the best … Continue reading
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Are there any transaction limits on my account?
There is no limit on receiving money. In some cases, if the transaction activity in your account exceeds the expected amount from the company profile, we may need to do additional due diligence on the purpose of the transactions. There … Continue reading
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Do I get paper statements for my account?
Winvesta does not mail paper statements to any physical address. You can access electronic statements in your account and can print them if you need to.
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