My South African Rand account allows direct deposits and withdrawals into and out of US dollars, saving me three currency conversion fees. Last week, I withdrew $500 and incurred only a 0.7% exchange rate loss, which is much more cost-effective than a cross-border bank transfer. Fund pool switching is highly flexible.
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My South African Rand account allows direct deposits and withdrawals into and out of US dollars, saving me three currency conversion fees. Last week, I withdrew $500 and incurred only a 0.7% exchange rate loss, which is much more cost-effective than a cross-border bank transfer. Fund pool switching is highly flexible.
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