What is FXecute? Are there any additional fees?

FXecute is an intermediary bank that GlobalGiving has partnered with to convert currency for our partners and facilitate the disbursement process. GlobalGiving has negotiated with FXecute to get a competitive currency conversion fee rate for all the currencies we service. The fee for currency conversion is calculated as percent of the total amount rather than a fixed fee. Instead of this fee being charged separately, FXecute builds it into the exchange rate.

 

If you would like to use FXecute, there is no additional fee and no additional bank account needed. However, there are some country-specific documents that must be completed. If this applies to your organization, you will hear from FXecute’s team (via StoneX) or someone from GlobalGiving who will let you know how to complete the documents. 

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