What are the fees when I withdraw my money?
Here you can find information about the possible fees generated in your withdrawals.
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Written by Andre
Updated this week

How do fees work and why are they generated?

It is a certain monetary amount that banks or platforms charge for facilitating the sending of money to any account or place in the world


These fees are charged by your bank or the government, in the case of taxes, for facilitating the sending of money. This is a commission that they always charge for international transfers. The fees associated with international transfers are 2.

Below you will see a more detailed description of each payment method

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✔️ Bank Accounts

These may vary depending on the bank and the configuration that the bank account has. Since, for example, for international transactions, the fee or commission may be higher. You can consult the table of rates where the costs for some countries are specified.

International Bank Transfers

The fees associated with international transfers are 2.

  • The first fee is charged by the bank if it needs an intermediary to send the payment to the beneficiary bank. This fee is normally 20 USD.

  • The second fee is a commission charged by the beneficiary bank for receiving an international transfer. This fee can range from 0 to 25 USD.

✔️Payoneer

The fee to request a withdrawal to Payoneer is 1 USD + 0.5%.


✔️ Cryptocurrencies

They work like banks, to make transfers specific networks are used for cryptocurrencies, which depending on how much they are used, charge a certain commission on your payment.

👉 Currently the fee generated for ERC-20 and BEP-20 networks are from 2 USD up to 10 USD


🔔 Table of rates (Banks)

Country

Payment method fee

Fee (Local currency)

Fee (USD)

Chile

Bank transfer

(CLP)

1.6USD

20 USD approx

India

Bank transfer

(INR)

4 USD + 0.3%

20 USD approx

Mexico

Bank transfer (MXN)

1.5 USD + 0.3%

20 USD approx

Peru

Bank transfer (PEN)

1.52 USD

0.2% + 5.3

(Be careful with fees for receiving USD payments, as only BCP and Scotiabank have no extra fees).

USA

Bank transfer (USD)

ACH > 2 USD

Wire > 6 USD

ACH > 2 USD

Wire > 6 USD

United Kingdom

Bank transfer (GBP)

0.37 + 0.47%

20 USD approx

Argentina

Bank transfer (ARS)

1.54 USD + 11% from "Dolar Contado con Liquidación"

20 USD approx

Colombia

Bank transfer (COL)

1.6 USD + 0.4%

N/A

Ecuador

Bank transfer

(USD)

4.6 USD+0.3%

N/A

Spain

Bank transfer (EUR)

1.5 USD + 0.3%

20 USD approx

Brazil

Bank transfer (USD)

2.1 USD + 0.3%

20 USD approx

Honduras

Bank transfer (USD)

x

6 USD (keep in mind your bank may charge you an additional fee for receiving international Wire transfers)

Nicaragua

Bank transfer (USD)

x

20 USD approx

Bolivia

Bank transfer (USD)

1.54 USD

20 USD approx

Puerto Rico

Bank transfer (USD)

2 USD

N/A

Salvador

Bank transfer (USD)

6 USD (keep in mind your bank may charge you an additional fee for receiving international Wire transfers)




If you have further questions, feel free to contact our support team via chat 😊

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