Benefits of Local Currency Transfers


If you are transferring funds to a local bank in your country, we strongly recommend you transfer them in your local currency and avoid switching account currencies.


The benefit of this is:


1. You can avoid WIRE (Swift) bank fees by using low cost, often free, local currency bank transfers. 


2. If there is a currency exchange, you will benefit from the XTRM rates compared to traditional banks. If you are currency exchanging in volume, please contact us for preferred rates. 


Suppose you have received a foreign currency and transferred it to a local bank where you have set up a matching currency account. You will lose the benefit of XTRM's competitive exchange rates and low value transfer fees and get charged significantly higher fees and less competitive exchange rates.


How to link your bank account in your local currency HERE


If you would like more information on exchange rates and transfer fees please email support@xtrm.com or contact the remitting company making your payments.