What do I need to know about MariBank's FX rate?

MariBank's FX rate reflects the live exchange rate in the market.

The FX rate will be held unchanged for a few minutes to allow the customer to complete the overseas transfer.

Customers will be notified if there are any changes to the FX rate prior to the submission of the transfer.

The FX rate applied at the time of a successful transfer submission will remain valid until the transfer is received by the recipient. However, if the transfer requires additional processing by MariBank that exceeds 24 hours, it will be rejected, and you will need to resubmit the transaction.

Do note that for Mari Business Account which you have selected "Any 2 Jointly" as your preferred signing condition, the FX rate viewed and submitted by the Authorised User will be indicative. The FX rate at time of successful transfer approval by the other Authorised User will be used for further processing.