While Forex Worldwide has the option to charge a small fee on transactions under AUD$1000, we have decided to reward our customers by not imposing this fee. So, unless notified otherwise prior to entering into an FX transation, you can rest assured that absolutely no fee will be charged on an FX transaction with Forex Worldwide. Please contact us on 1300 369 973 / (03) 9008 1880 if you have any questions.
Forex Worldwide does not charge any fees so the amount we transfer is the same as the amount that you request. However, in some cases there are third party fees that are charged that are beyond our control. For example, the beneficiary bank may deduct or charge a fee upon receiving a payment sent by us, dependent on the beneficiary's account fee structure. Furthermore, the correspondent bank may charge a fee for making the payment to the beneficiary bank and those fees may be deducted from the amount remitted to the beneficiary bank. These third-party fees are beyond our control and we receive no benefit from them and we cannot necessarily predict when they will be charged or the amount of the fees. You therefore need to bear in mind that the amount you are sending may not always be the same as the amount received into the beneficiary account.
We derive a profit on FX transfers based on the difference between the rate quoted to you and the rate we can negotiate with our own liquidity providers. This profit will vary according to the currencies involved and the arrangements that we enter with our liquidity providers from time to time.
Forex Worldwide moves your money for less. At Forex Worldwide we are committed to providing bank-beating and competitor-beating rates at all times. So give us a call now for a no-obligation quote and compare us.
