All international transfers have a fixed transfer fee and can have a variable fee as well. The fixed transfer fee for all international transfers ir $2.99. The variable fee only applies for customers sending money to countries that accept dollars as their currency (Panama, El Salvador and Ecuador).
Let's look at specifics:
Fixed transfer fee is $2.99 and applies to al international transfers.
Variable transfer fee can very between 1% (for bank transfers) and 1.5% (for cash pick up) of the amount that is being sent.
For example:
If you send $200 to Mexico, the total cost of sending the money will be $200 and the fixed fee of $2.99.
The total cost of sending the money to Mexico would be $202.99 ($200 + $2.99).
2. If you send $200 to a bank account in El Salvador (country that operates in dollars), the cost of sending the money will be $200, plus the fixed transfer fee of $2.99 and the variable fee of 1% of $200 ($2.00).
The total cost of sending the money to El Salvador would be $204.99 ($200 + $2.99+ $2.00).
You can see the fixed and variable fee of your transfers in the Transfer Receipt in your Comun app.
This transparent pricing ensures you know exactly what to expect, no hidden costs or small letters.
We are working towards providing low cost and accessible financial services for your life in the United States, and this is just the beginning! 🚀