Cryptocurrency Q&A
How much do banks charge for forex?
How much do banks charge for forex?
Bianca
Tue Feb 11 2025
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7 answers
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I am interested in knowing how much banks typically charge for foreign exchange transactions. I would like to understand the fees and charges associated with forex services provided by banks.
7 answers
Lucia
Thu Feb 13 2025
Forex Services offer various pricing tiers based on the transaction amount.
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CherryBlossomBloom
Thu Feb 13 2025
For transactions up to USD 500 or its equivalent, a fee of Rs. 200 is applicable, along with any additional taxes.
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CryptoTitan
Wed Feb 12 2025
For amounts exceeding USD 500 but not exceeding USD 10,000 or its equivalent, a fee of Rs. 300 is charged, with any applicable taxes added.
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KimonoElegant
Wed Feb 12 2025
It also features futures trading, where investors can speculate on the future price of cryptocurrencies without owning the underlying asset.
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HanbokElegance
Wed Feb 12 2025
For transactions exceeding USD 10,000 or its equivalent, a fee of Rs. 500 is imposed, inclusive of any applicable taxes.
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