Part of Elevate's mission is to make pricing as transparent as possible. That's why we're upfront about our fees and ensure that any fees on transactions are always visible to you before you complete a transaction.
General Fees
| Monthly Account Maintenance |
Free |
We do not charge a monthly subscription fee. |
| Registration Fee | Free | We do not charge a registration fee. |
Transaction Fees
| Inbound ACH | Free | |
| Inbound Wire (Domestic) | $30 | Effective on May 18, 2024 |
| Inbound Wire (International) | $30 | Effective on May 18, 2024 |
| Outbound ACH | $1 | 1-3 business days |
| Outbound Same Day ACH | $2 |
0-1 business days.
Note that same-day before the ACH cut off time guarantees that we will process and submit the payment on the same business day. However the receiving institution may not process the payment till the following business day |
| Outbound Wire (Domestic) | Coming Q3 2024 | |
| Outbound International to Egypt - USD to EGP - (Non-SWIFT) | FX Rate + 0.90%, minimum fee = $2.00 |
Market FX rate is provided to us by our payout partners. The exact fee you will be charged will always be displayed before you confirm the transaction. |
|
Outbound International to Pakistan - USD to PKR - (Non-SWIFT) |
FX Rate + $1.50 |
Market FX rate is provided to us by our payout partners. The exact fee you will be charged will always be displayed before you confirm the transaction. |
|
Outbound International to Bangladesh - USD to BDT - (Non-SWIFT) |
FX Rate + $1.50 |
Market FX rate is provided to us by our payout partners. The exact fee you will be charged will always be displayed before you confirm the transaction. |
|
Outbound International to The Philippines - USD to PHP- (Non-SWIFT) |
FX Rate + $1.50 |
Market FX rate is provided to us by our payout partners. The exact fee you will be charged will always be displayed before you confirm the transaction. |
|
Outbound International to Other Countries - (Non-SWIFT)
|
FX Rate + 1.00%, minimum fee = $2.00 |
Market FX rate is provided to us by our payout partners. The exact fee you will be charged will always be displayed before you confirm the transaction. |
| Outbound International to USD (Non-SWIFT) | $10.00 |
This feature is only enabled in selected countries but offers a very low cost alternative to SWIFT to send USD home to your local USD account.
1-3 business days. |
| Outbound International (SWIFT) | Coming Q3 2024 |
|
| Card Top Up Fee | Not available | Elevate provides you with a debit card not a prepaid card so no top up fees are applied |
| Card FX Fee (Non-USD Transactions) |
Mastercard FX Rate + up to 1.25% |
The exchange rate applied to cross-border transactions (such as using your USD card to make a purchase in EUR) originates from Mastercard (refer to https://www.mastercard.us/en-us/personal/get-support/convert-currency.html). Additionally, non USD transactions have a 1.25% charge applied. |