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Frequently Asked Questions
Simply put, the foreign exchange transaction is a process of exchanging one currency for another.
Using the Walcy Platform for FX can have Multiple benefits for the customers such as unbeatable FX rates, Instant transactions, and cheap service charges.
The Midmarket rates are the average rate, at which the buyers and sellers are ready to purchase and sell the currencies. It is the fairest rate while making global payments.
No, Walcybank is cheaper than the traditional banks in all aspects like FX rates and Service charges, transaction fees, etc. Additionally, It is quicker too.
Walcy is not exactly like a conventional bank but rather a neobank, which facilitates financial services by aggregating offerings such as opening bank accounts, managing payments, facilitating FX, and providing virtual cards. Like most fintech companies, Walcy offers these services through intuitive web and mobile applications.