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How does Sofi charge fees for wire transfers involving digital currencies?

avatarPenny ReshDec 16, 2021 · 3 years ago3 answers

Can you explain how Sofi charges fees for wire transfers that involve digital currencies? I'm interested in understanding the specific fees and any additional charges that may apply.

How does Sofi charge fees for wire transfers involving digital currencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sofi charges fees for wire transfers involving digital currencies based on a percentage of the transaction amount. The exact fee percentage may vary depending on the specific digital currency being transferred. Additionally, there may be additional charges such as network fees or miner fees that are associated with the digital currency transaction. It's important to note that these fees and charges are subject to change and it's recommended to check Sofi's website or contact their customer support for the most up-to-date information.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to wire transfers involving digital currencies, Sofi applies fees based on the size of the transaction. The larger the transaction amount, the higher the fee percentage. It's important to consider these fees when planning your wire transfer. Additionally, keep in mind that there may be additional charges associated with the digital currency transaction, such as network fees or miner fees. To get the most accurate and up-to-date information on fees, it's best to visit Sofi's website or reach out to their customer support.
  • avatarDec 16, 2021 · 3 years ago
    As an expert in the field, I can tell you that Sofi charges fees for wire transfers involving digital currencies based on a tiered fee structure. The fee percentage decreases as the transaction amount increases. This means that larger wire transfers involving digital currencies will have lower fees compared to smaller transfers. It's important to consider these fees when planning your wire transfer. Additionally, there may be additional charges associated with the digital currency transaction, such as network fees or miner fees. For the most accurate and up-to-date information on fees, it's recommended to visit Sofi's website or contact their customer support.