Bank transfer fees for deposits

Rain does not charge fees on deposits and customers are credited the exact amount that we receive in our bank account. However, corresponding banks may charge an international wire transfer fee and other currency conversion fees. Rain does not collect any part of these fees.

Transfers from within Bahrain

Local transfers from Bahrain through Fawri and Fawri+ are free of charge, the exact amount you transfer will be credited to your account. Click here for more information about depositing funds using Fawri and Fawri+.

International transfers

International transfers (from outside of Bahrain) might have added fees due to bank charges and there might be a discrepancy between the amount you send and what we receive. 

To avoid incurring a lot of fees for international transfers, we recommend keeping the below in mind:

• Make sure you/your bank send the correct currency. Sending funds in a different currency from the currency in the deposit request will result in additional charges.

• Your bank may be using an intermediary bank account to deliver your transfer to our bank account. This may cause the transfer to lose some of its value in transit, as the intermediary bank(s) take their fees from the amount. 

For example, if US Dollar (USD) is the default currency of your Rain account and you requested a deposit in USD, make sure to:

• Choose the correct currency (USD) while adding our USD bank account details to your beneficiary list. 

• Make sure you initiate the transfer to the correct IBAN as we have different IBANS for each currency. 

• Choose the correct currency (USD) when transferring to our USD bank account.

• Check with your bank to make sure they send the correct currency (In this example USD).