Benefits of Local Currency Transfers
If you are transferring funds to a local bank in your country, we strongly recommend you transfer in your your local currency and avoid switching account currencies.
The benefit of this are:
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 those of traditional banks.
If you have received a foreign currency and are transferring 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.
If you would like more information on exchange rates and transfer fees please email email@example.com or contact the remitting company making your payments.