Question 1

What is Winvesta's multi-currency account?

Accepted Answer

Winvesta's Multi-Currency Account is a Global Collections Account that allows you to receive payments in multiple currencies. Instead of a single account, you get separate local accounts for each currency, enabling you to collect payments in USD, GBP, EUR, CAD, AUD, and more with ease.

Question 2

How does the multi-currency account work?

Accepted Answer

When you receive payments, each currency is credited to its respective local account. For example, USD payments go to your USD account, GBP payments to your GBP account, and so on. This simplifies managing and converting funds across different currencies.

Question 3

How long does it take to receive payments?

Accepted Answer

USD payments are typically credited within 1 business day. Non-USD payments are typically credited within 2 business days.

Question 4

Are there any transaction limits on payments received?

Accepted Answer

There are no transaction limits on USD payments. For non-USD currencies, there is a withdrawal limit of up to 20 lakhs.

Question 5

Do I need to open separate accounts for each currency?

Accepted Answer

No manual setup is required. Winvesta automatically provides local accounts in each currency you want to receive, streamlining the process for you.

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