What are the charges applied for the remittance?

What are the charges applied for the remittance?

Remittance charges vary from bank-to-bank. We do not charge anything for the remittance. Our broker-dealer partner in the US charges a one-time setup fee of $5.00 for the first remittance. This is for tax certification for non-US accounts.

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    • What are the forex charges applied?

      Charges vary from bank-to-bank. Fintso does not levy any additional charges for remittances.

    • What are the charges applied for the withdrawal?

      $10 are deducted for each withdrawal, irrespective of the amount being withdrawn. This is paid to the banks in the US as processing fee. 

    • Is there any minimum remittance amount?

      There is no minimum remittance amount, but depending on the product, there might be minimum fresh and additional purchase limits. 

    • Are there any transaction charges?

      There are no transaction charges for buying and rebalancing of Baskets (it is covered as part of the fee charged to client). However, we charge a transaction fee when the customer sells (partially or completely) the Basket equal to $0.01 (1 cent) per ...

    • Which banks are supported for remittance?

      Currently, the banks supported are ICICI Bank, IDFC First Bank, HDFC Bank, RBL Bank, Axis Bank and Kotak Mahindra Bank. We are in the process of adding more banks to this list. Currently, Online Remittances are supported by ICICI Bank and HDFC Bank.