Understanding International Withdrawal Fees

Edited

When withdrawing funds internationally, you may encounter bank or Paypal fees. This article covers the fees 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**

Fee

Minimum withdrawal amount

USD

USD

Non-US

Wire/SWIFT

$20.00

$20.00

USD

Non-USD

Non-US

Wire/SWIFT

$10.00

$15.00

USD

Non-USD

Non-US

Local

No fee

No minimum

Transfer timeline: 3-5 business day turnaround

Note: Currency conversions are subject to exchange rate.
**Lumanu prioritizes local transfer routes when available. The specific route used (local or SWIFT) depends on your bank's capabilities.


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 2.9% fee

Transfer timeline: 4-5 business day turnaround


3. Additional bank fees

In some cases, your bank may charge additional fees. Network fees may be imposed when sending or receiving international wires, which are typically between $5-$25. These fees are not controlled by Lumanu and vary depending on your bank and location.

We recommend checking with your bank for details on their international transaction policies and any fees that may apply.