What cross-border money transfer options are available on Wallex?

Wallex offers two main options for sending money internationally:

1. Local Channel – this is a domestic clearing network used in various countries (e.g., ACH in the U.S., SEPA in Europe, RTGS in India, BI-Fast in Indonesia) that allows for direct transfers between banks within a specific region or country. It allows you to send money through partner banks in each destination

   Please see the list below of currencies available for transfer via local payment channels.
   

   Country	Currency	Local Channel
   Andorra	EUR	√
   Australia	AUD	√
   Austria	EUR	√
   Bangladesh	BDT	√
   Belgium	EUR	√
   Bulgaria	EUR	√
   Canada	CAD	√
   Croatia	EUR	√
   Cyprus	EUR	√
   Czech Republic	EUR	√
   	CZK	√
   Denmark	EUR	√
   	DKK	√
   Estonia	EUR	√
   Finland	EUR	√
   France	EUR	√
   Germany	EUR	√
   Gibraltar	GBP	√
   Greece	EUR	√
   Hong Kong	CNY	√
   	USD	√
   	HKD	√
   Hungary	EUR	√
   	HUF	√
   Iceland	EUR	√
   India	INR	√
   Indonesia	IDR	√
   Ireland	EUR	√
   Isle of Man	GBP	√
   Italy	EUR	√
   Jersey	GBP	√
   Latvia	EUR	√
   Liechtenstein	EUR	√
   Lithuania	EUR	√
   Luxembourg	EUR	√
   Malaysia	MYR	√
   Malta	EUR	√
   Monaco	EUR	√
   Nepal	NPR	√
   Netherlands	EUR	√
   Norway	EUR	√
   	NOK	√
   Pakistan	PKR	√
   Philippines	PHP	√
   Poland	EUR	√
   	PLN	√
   Portugal	EUR	√
   Romania	EUR	√
   San Marino	EUR	√
   Singapore	SGD	√
   	USD	Only for DBS SG bank & OCBC SG bank
   Slovakia	EUR	√
   Slovenia	EUR	√
   South Korea	KRW	√
   Spain	EUR	√
   Sri Lanka	LKR	√
   Sweden	EUR	√
   Sweden	SEK	√
   Switzerland	EUR	√
   Thailand	THB	√
   Turkey	TRY	√
   United Kingdom	EUR	√
   	GBP	√
   United States	USD	√
   Vatican City	EUR	√
   Vietnam	VND	√

   
   
   

2. SWIFT – The SWIFT network is available for sending money to international banks worldwide, offering global reach for your cross-border transactions.

   1. SWIFT SHA (Shared Charges)
      In a SWIFT SHA transaction, both the sender and the receiver share the transaction fees. The sender pays their bank’s charges, while the recipient pays fees incurred at their end and any intermediary bank fees.
   2. SWIFT OUR (Remitter Pays All)
      In a SWIFT OUR transaction, the sender bears all costs of the transaction, including any intermediary or recipient bank fees. The recipient receives the full amount.

Choose the option that best suits your transfer needs based on destination and urgency.