Geegpay

At Geegpay by Raenest, we believe receiving money should be simple and affordable. That’s why we’ve kept our fees competitive and transparent. Here's everything you need to know about the charges for receiving funds in your accounts, depending on the currency, with estimated delivery times included:

There are three fee options available: shared (SHA), beneficiary (BEN), and sender (OUR). The sender's fee choice will impact the final amount deposited into your bank account.

Sender Covers Fees (OUR): The sender is responsible for all transfer fees. The full amount is delivered to the beneficiary.

Beneficiary Covers Fees (BEN): The beneficiary is responsible for the transfer fees. Fees are deducted from the transfer amount, and the beneficiary receives the net amount.

Shared Fees (SHA): The sender covers fees from the sending bank, while any fees from intermediary banks are deducted from the transfer. The beneficiary receives the net amount after these deductions.

1. Sender Covers Fees (OUR): The sender is responsible for all transfer fees. The full amount is delivered to the beneficiary.
2. Beneficiary Covers Fees (BEN): The beneficiary is responsible for the transfer fees. Fees are deducted from the transfer amount, and the beneficiary receives the net amount.
3. Shared Fees (SHA): The sender covers fees from the sending bank, while any fees from intermediary banks are deducted from the transfer. The beneficiary receives the net amount after these deductions.

We’re committed to keeping your global payments seamless and cost-effective. If you have any questions about these fees or how to receive payments, send a message to our support team via the live chat in the app.

Virtual Accounts Deposit Charges on Geegpay

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Currency	Fee	Description	Estimated Delivery Time
NGN	N0	Only for Nigeria's local transfer	Instant.
USD (ACH and Domestic Wire)	0.8% with a minimum of $1.5 and capped at $12	It can only be used to receive payments from the US through AC or Local Wire transfer.	1 to 2 business days. This also depends on the payment method used by the sender.
USD (SWIFT)	The amount received depends on the SWIFT fee method used by the sender (SHA, BEN, or OUR). Raenest's fee is 0.8%, with a minimum of $7 and a maximum of $12.	SWIFT	2 to 5 business days.
EUR	0.7% with a minimum of Є1.5 and maximum of Є12.	It can only be used to receive payments from countries within the EEA region.	1 to 2 business days.
GBP	0.7% with a minimum of £1.5 and maximum of £12.	It can only be used to receive payments from the UK.	5 minutes to 1 day.