International Transfers

The International Payments feature at Rauva allows users to send over 14 different currencies around the world, using either local rails or the SWIFT network. The Euros in the users’ accounts will be converted to the selected currency, and that currency will be sent to the recipient.

How do I send International Transfers?

| APP

1. Go to the Menu and click in International Transfers;
2. Select the currency you’d like to send and the amount;
3. Enter the required details of the recipient;
4. The Euros in your account will be converted into the selected currency and transferred to the recipient. The recipient will then receive the funds in the designated currency.

| Desktop

1. Go to Transfers and click in International Transfer.
2. Select the currency you’d like to send and the amount;
3. Enter the required details of the recipient;
4. The Euros in your account will be converted into the selected currency and transferred to the recipient. The recipient will then receive the funds in the designated currency.

Can I receive money from outside the eurozone?

Yes, you can receive credit transfers initiated outside of the eurozone in euros. The funds will be converted to euros and deposited in your account.

Bank details for receiving international transfers

What currencies and payment rails are supported for sending international payments?

Rauva supports over 14 currencies (check list below) each with specified payment rails like SWIFT and local bank transfers. Each currency is associated with a fee group based on transfer costs.

What currencies and payment rails are supported for receiving payments?

You will be able to receive any currency on the SWIFT network, which consists of all significant currencies.

What is the rate applied when sending international payments?

Rauva has partnered with Wise to offer international payments, meaning that customers will receive the mid-market rate, which is the ‘real’ rate, with no mark ups included in it.

How does currency exchange work?

Currency exchange is necessary for international transfers. Rauva uses a mid-market rate for outgoing transfers, with rates locked for one business day post-initiation. Incoming transfers are converted to euros, with applicable fees based on the currency received.

Are there any blocked countries or currencies?

Specific countries may require a stricter review process due to regulations or risks.

What are the fees for international transfers?

Fees vary by currency and are grouped from 1 to 4, reflecting the cost of executing a transfer with that currency. Outgoing transfers may incur additional fees for certain currencies via SWIFT.

How do fees work for these transfers?

There are two fees, a fixed fee per transaction of 5€, and a variable fee based on the Fee group the currency is in, which is a percentage of the total amount of the Euro value.

Fees for international transfers are charged separately, creating two transactions in your history: one for the transfer and one for the fees. The fees will be titled "International payment fees".

• The % fee only applies for incoming transfers that have not already been converted to EUR by the sending bank.

• When sending an International Credit Transfer, an additional SWIFT fee of 5€/transaction applies in the following cases:

  USD sent to another country than the USA.

  GBP sent to another country than the UK.

  EUR sent to another country than the SEPA zone.

Fee breakdown

✅ swift_code + 🇺🇸 United States Dollars USD

It’s possible to send International Credit Transfers in United States Dollars USD using the swift_code rail to the listed countries below. Attempts to send United States Dollars USD using swift_code to countries not listed will be rejected.

United States Dollars USD are in fee group 1.

✅ swift_code + 🇪🇺 Euros EUR

It is possible to send International Credit Transfers in Euros EUR using the swift_code rail to the listed countries below. Attempts to send Euros EUR using swift_code to countries not listed will be rejected.

Euros EUR are in fee group 1.

✅ swift_code + 🇬🇧 Great British Pounds GBP

It is possible to send International Credit Transfers in Great British Pounds GBP using the swift_code rail to the listed countries below. Attempts to send Great British Pounds GBP using swift_code to countries not listed will be rejected.

Great British Pounds GBP are in fee group 1.

Incoming allowed countries

Incoming International Credit Transfers are only allowed from accounts located in the following countries. If a country isn't on the following list, incoming transfers are rejected.

✅ Allowed countries for incoming transfers

❌ Outgoing blocked countries

All outgoing International Credit Transfers to accounts located in the following countries will be rejected.