SafetyPay

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Fees

We don’t charge any fees to receive deposits via SafetyPay, but please keep in mind that third party fees may apply.

 

Additional wire transfer and wire transfer reversal fees charged by any originating, intermediary, or recipient bank may apply. Both incoming and outgoing wire transfer reversals are subject to wire transfer reversal fees.  Federal, state or local taxes charged by the customer's country of origin may apply. 

Processing and service fees assessed by third parties may be passed through to the customer's account. Some products and services may require additional fees or transaction minimums not specifically listed here.

 

Deposit information

Please contact us at support@passfolioapp.com for further instructions on how to proceed. SafetyPay is available in Austria, Colombia, Costa Rica, Germany, Mexico, Nicaragua, Spain, Panama, Peru.

 

Limits and minimums

You can start investing with as little as US$1!* Regarding limits, every country is unique and there might be limits imposed by regulation. We recommend you become educated on your country’s regulations about sending money overseas before depositing considerable amounts.

 

*Please see our Fractional Shares Disclosure

 

Time to reach your account

The estimated time for the money to reach your account is between 1-4 business days

 

Holding period

There is no holding period for funds deposited by SafetyPay.

 

Currency exchange

If you are depositing via SafetyPay, please check the conversion rate with the responsible third-party you’re using to transfer funds. We don’t charge any additional fees.

 

Problems with your deposit

There may be problems with your deposit if you provide erroneous information when transferring, such as:

  1. Wrong Type of Account 
  2. Wrong Branch ID
  3. Wrong Bank Account
  4. Wrong required identification number

Also, deposits must be made from an individual account registered to your name and national ID number. If your deposit is not made from an individual bank account in your name, your money will be transferred back to your bank account with potential bank fees charged. For example, a deposit made from a joint bank account in the names of you and your partner will be returned.

To prevent problems, we recommend you confirm that you’ve entered the correct information before completing the transfer. You can also always reach us at support@passfolioapp.com if you have any questions after submitting your transfer.

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