Benefits | Domestic Wire Transfer | International Wire Transfer |
---|---|---|
Transaction fee | Lower Usually 5 local currency or less for each transaction. | Ranges between USD 20-80 for each transaction. Depending on the payment amount and policy of the remitting bank |
Processing time | Faster 1-2 business days | 3-7 business days |
Fixed exchange rate | Locked exchange rate for 7 days at the first time of viewing account information | Not Supported |
Region# | Remittance currency(only) | Remittance channel# |
---|---|---|
The U.S.A. | USD | Automated Clearing House (ACH) Wire Transfer |
Canada | CAD | Automated Clearing House (ACH) Wire Transfer |
Australia | AUD | Automated Clearing House (ACH) Wire Transfer |
The United Kingdom | GBP | Faster Payments (FPS) Clearing House Automated Payment (CHAPS) |
Europe* | EUR | Single Euro Payments Area (SEPA) |
New Zealand | NZD | Automated Clearing House (ACH) |
Japan | JPY | Foreign Exchange Yen Clearing System(FXYCS) |