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Are there fees for receiving funds?

Michael Tan avatar
Written by Michael Tan
Updated over a month ago

We don’t charge any fees to receive funds into your Venn account. However, your bank may charge fees for sending those funds. Therefore, if the amount received into your Venn account is less than expected, please check with your bank for any applicable charges.

You can receive funds in multiple currencies using the following methods, all free of charge on our end:

Receiving CAD funds

Interac e-Transfer from your external bank account

Pre-Authorized Debit (PAD) from your linked bank account

Electronic Funds Transfer (EFT) from your external bank account

Wire (SWIFT) from your external bank account

Receiving USD funds

Automated Clearing House (ACH) from your external bank account

FedWire from your external bank account

Wire (SWIFT) from your external bank account

Receiving GBP funds

UK Faster Payments from your external bank account

Wire (SWIFT) from your external bank account

Receiving EUR funds

SEPA from your external bank account

Wire (SWIFT) from your external bank account

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