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Are there fees or charges for receiving funds?

Are there fees or charges for receiving funds?

Michael Tan avatar
Written by Michael Tan
Updated over 3 weeks ago

No, we do not charge any fees for receiving funds to your Venn account. However, your bank may charge fees for certain transactions. Please check with your bank for any applicable fees.

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

All methods listed above are free of charge on our side.

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