The base currency of World Energy Capital OFC is the US Dollar. However accounts are available in Euros and US Dollars, and the company will keep funds in these currencies where the client has opened an account in that specific currency. In all other cases funds will be transferred into the currency of the client’s main account. Transfers can be sent and received in EUR and USD at exchange rates provided by our correspondent banks. Other currencies can be made available upon request.
These exchange rates, and any additional correspondent bank charges that may apply, will be charged exactly as they are applied to WEC OFC plus an additional handling charge of 2% for small amounts. Larger amounts may be negotiated directly. So, that clients may have an idea of their available balances, accounts will be provisionally debited by the published exchange rate plus 5% until the actual exchange rate is known, whereafter the real rate will be applied. The account opening fee applies only to the first account opened.
Fee Structure:
| Account Opening Fee |
650 USD |
| Monthly Maintenance |
30 USD |
| External Transfer |
60 USD |
| Internal Transfer |
30 USD |
| Incoming Funds |
20 USD |
| Debit Card |
250 USD |
| Loading Fee |
3% with a minimum of 7USD (maximum load USD100k or equivalent per quarter) |
| Hourly Intervention Rate |
USD140 – USD280 for non-standard consultancy depending on complexity |
*Accounts can also be opened with the following currencies: Euro, Pound, Yen, Aus Dollar, Canadian Dollar. Rate will be based on current conversion rates.
