Suppose you choose a different currency than the one your funds in your bank account are in. In that case, then your bank will automatically convert your money according to your bank’s currency exchange rate if your bank offers such a service. Monestro is not responsible for any additional exchange fees caused by this action, as this is up to your bank.
Suppose funds are sent to Monestro’s bank account in another currency than the euro. In that case, we can return the money to the sender, and this might be less than what you originally transferred, due to the exchange rate or bank commission for returning the incorrect payment. Alternatively, Monestro’s bank may convert the payment into euros according to the rates applied by the bank and such amount in euros will be reflected on your investor account. Monestro will automatically deduct any conversion cost from such an amount.