FX Fees, also known as currency conversion fees, are applied when there is a need to convert one currency to another during a payment transaction. Who pays the FX fee depends on the bill, the payee’s chosen currency, and your virtual account.

• If the bill, the payee's chosen currency, and your virtual account are all the same currency, no FX fees will be charged.
• If the bill and the payee's chosen currency are the same, but you do not have a virtual account in that currency, you will be charged the FX fee.
• If the bill and your virtual account are in the same currency, but the payee wants to be paid in a different currency, the payee will pay the FX fee. It will be deducted from the payment before we convert the funds and send them to the payee.