This article outlines the service fees applied when depositing or withdrawing USD via the SWIFT network.

USD Deposit (Transfer In)

StraitsX fee:

We do not charge any service fees for USD deposits. You can transfer USD into your StraitsX account free of charge on our end.

Bank fees:

While StraitsX does not impose any deposit fees, your bank may charge a separate fee for initiating a SWIFT transfer. These fees vary by bank and are not controlled by StraitsX.

To avoid unexpected charges, we recommend checking with your bank before making a transfer.

USD Withdrawal (Transfer Out)

StraitsX fee:

A flat service fee of USD 40 applies to every USD withdrawal request.

Bank fees:

Your receiving bank may charge additional transaction fees on top of our service fee. These typically range between USD 10 to USD 50 per transaction, depending on your bank and location. These fees are not imposed by StraitsX.

If your withdrawal is sent to a bank account that does not support USD, your bank may convert the funds into your local currency. The exchange rate used will be determined by your bank and may affect the final amount received.