There are two methods to send money internationally to a local currency account:
- Payout Partners. This is Elevate's preferred method to do cross border transfers are they are significantly cheaper. Elevate uses the market exchange rate with an additional cost depending on the country starting at 0.5%. You will always see the exact amount you will be charged before confirming the payment.
- SWIFT transfers. These support transactions to most countries worldwide. Elevate charges $40 for a SWIFT transaction and the receiving bank may add additional charges. These additional charges are not controlled by Elevate. Note SWIFT is currently not available with Elevate but will be enabled soon.