Are there fees when receiving international SWIFT transfers with GoTyme Bank?

Yes. We charge:

• A USD 5 flat fee, and
• A 0.6% markup on the foreign exchange rate.

Will the sender’s bank charge any fees?

It depends on their bank. You may ask the sender to check with their bank.

Are there other fees I should know about?

Yes, correspondent fees may apply and can vary. These fees are charged by intermediary banks that help process your international transfer before it reaches your GoTyme Bank account.

To help minimize these fees, we recommend asking your Sender to send the money in one of our 22 preferred currencies. These currencies are supported by our partner network and are less likely to incur extra charges:

1. United States Dollar
2. Euro
3. United Arab Emirates Dirham
4. Australian Dollar
5. Swiss Franc
6. Bulgarian Lev
7. Canadian Dollar
8. Chinese Yuan Renminbi
9. Czech Koruna
10. Danish Krone
11. British Pound Sterling
12. Hong Kong Dollar
13. Hungarian Forint
14. Israeli New Shekel
15. Japanese Yen
16. Norwegian Krone
17. New Zealand Dollar
18. Polish Zloty
19. Romanian Leu
20. Swedish Krona
21. Singapore Dollar
    
22. Ugandan Shilling
    
    

Sending in one of our preferred currencies can help avoid any additional fees.

What exchange rate is used for conversion?

GoTyme Bank uses the real-time mid-market rate, with a 0.6% FX markup.