What does Flywire charge?
Unlike banks and other cross-border transfer companies which charge servicing fees and additional charges, Flywire does not. Flywire's rates are some of the most competitive in the market.
Is the rate fixed or does it change over time?
Foreign Exchange (FX) rates are dynamic in nature. FX rates are dependent on multiple macro and microeconomic factors like the mid market rates or inter bank rates and are subject to change over time.
Will there be additional charges later?
There will be no additional charges using Flywire. Typically banks and forex companies charge nostro fees, etc. at a later date. Flywire will display the final amount that you need to pay (including taxes) during the payment process.
Will the beneficiary bank charge an incoming wire fee?
Typically, there are no deductions by the receiving bank. However, certain banks may charge their customers for inward remittances (also known as inbound foreign wire transaction). Please check with your receiving bank to see if any charges may apply.
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