Understanding International Withdrawal Transaction Costs

Edited

When withdrawing funds internationally, you may encounter bank or Paypal transaction costs. This article covers the transaction costs associated with different withdrawal methods and currencies supported by Lumanu.


1. International bank withdrawals

International bank fees are dependent on the payment routing method used to transfer funds to your connected account.

Originating currency

Destination currency

Destination country

Route**

Cost

Minimum withdrawal amount

USD

USD

Non-US

Wire/SWIFT

$20.00

$20.00

USD

Non-USD

Non-US

Wire/SWIFT

$20.00

$20.00

USD

Non-USD

Non-US

Local

No transaction cost

No minimum

Transfer timeline: 3-5 business day turnaround

Note: Currency conversions are subject to exchange rate.


2. PayPal withdrawals

You can also withdraw funds to your PayPal account. Note: funds are always sent in USD. Conversions are subject to PayPal’s exchange rate. For an estimate, you can use PayPal's currency calculator.

Transfer Fee: PayPal charges a 3.4% fee

Transfer timeline: 7-10 business day turnaround