How Neema Foreign Exchange (FX) Rates Work
Neema provides real-time, dynamic exchange rates for all foreign currency transfers.
Dynamic Exchange Rates
No money transfer service or bank offers transfers at the exact representative rate published by central banks. Neema updates exchange rates continuously based on real-time market conditions.
No Hidden FX Fees
Neema does not charge a separate hidden currency conversion fee. The full currency exchange cost is calculated directly within the live exchange rate displayed in the Neema mobile application before you confirm your transfer.
Lower Costs Than Israeli Banks
Neema updates exchange rates regularly to ensure rates remain lower and more cost-effective than standard rates offered by traditional Israeli banks and competing money transfer applications.
Why Neema Is Built for Better Value
When sending money abroad, the goal is simple: make sure your loved ones receive as much as possible. Thatâs exactly what Neema is designed for: competitive rates and low fees, so more of your money reaches the people who matter.
More for Your Recipient: Our competitive exchange rates and low fees are designed to maximize the final amount your family and friends receive.
Clear, Upfront Pricing: Before you send, youâll see the exchange rate, our fee, and the exact amount your recipient will get. No hidden Neema fees.*
*Some receiving banks or intermediaries may charge their own fees, which are outside Neemaâs control.
Uniform Exchange Rates for All Customers
The exchange rate offered by Neema applies equally to all Neema customers at any given time. The rate remains the same regardless of whether you have already deposited money into your Neema balance or not.
The exact transfer fee for your selected country, payout method (bank transfer, digital wallet, or cash pickup), and delivery currency is always calculated and shown before you approve the transaction.