At Raenest, we believe receiving money should be simple and affordable. That’s why we’ve kept our fees competitive and transparent. Here's everything you need to know about the charges for receiving funds in your accounts, depending on the currency, with estimated delivery times included:
Currency | Fee | Description | Estimated Delivery Time |
USD (ACH) | You get 1 free ACH deposit every month. After that, each ACH deposit is $1 flat for any amount. | It can only be used to receive payments from the US through ACH | Same day - two business days. |
USD | $10 flat for any amount. | It can only be used to receive payments from the US through Local Wire transfer. | Same day - two business days. |
Stablecoins | You get 1 free stablecoin deposit every month. After that, each Stablecoins deposit is $1 flat for any amount. | It can only be used to receive payments via Ethereum, Binance (BNB Smart Chain), Polygon, Tron, and Solana, with instant 1:1 conversion to USD. | Usually instant to 5 minutes. |
USD | The amount received depends on the SWIFT fee method used by the sender (SHA, BEN, or OUR). | It can be used to receive USD from over 190 countries via the SWIFT network. | 1 to 5 business days. |
EUR | 0.8% (minimum €1.50, maximum €10). | It can only be used to receive payments from countries within the EEA region. | 5 minutes to 1 business day. |
GBP | 0.8% (minimum £1.50, maximum £10) | It can only be used to receive payments from the UK. | 5 minutes to 1 day. |
NGN | NO | Only for Nigeria's local transfer | Instant |
SWIFT FEE OPTIONS
There are three fee options available: shared (SHA), beneficiary (BEN), and sender (OUR). The sender's fee choice will impact the final amount deposited into your bank account.
Sender Covers Fees (OUR): The sender is responsible for all transfer fees. The full amount is delivered to the beneficiary.
Beneficiary Covers Fees (BEN): The beneficiary is responsible for the transfer fees. Fees are deducted from the transfer amount, and the beneficiary receives the net amount.
Shared Fees (SHA): The sender covers fees from the sending bank, while any fees from intermediary banks are deducted from the transfer. The beneficiary receives the net amount after these deductions.
We’re committed to keeping your global payments seamless and cost-effective. If you have any questions about these fees or how to receive payments, send a message to our support team via the live chat in the app.