Exchanging currencies

You can easily exchange money between two currencies by clicking on the 'Convert' button at the bottom of the page. You can easily choose which currencies to exchange and you will see the amount you’ll receive before you finalize the conversion.

More FAQs on the conversion page 

Why would I want to exchange my currencies by transferring funds between my currency balances?

Transferring between balances enables you to have funds available in a specific currency to:

  • Receive payments from anyone into your account and exchange between preferred currency pairs.

What currencies can I exchange?

  • We currently support the following currencies: USD, EUR, GBP, CAD, and NGN.   Note: The list of supported currencies may change from time to time and differ from region to region.

How long does it take for the funds to be transferred between my balances?

  • From the moment the request is submitted, funds are generally transferred to the receiving balance instantly.

Are there limits on how much money I can exchange?

  • You cannot exchange more than you have in your balance.

  • Some periodic limits may also apply. If any limit is exceeded, we’ll let you know before completing the request

What fee is charged when exchanging currencies?

  • Lemonade Finance exchanges your currency for free without charging any fees. 

I don’t have two supported currency balances. How can I exchange currencies?

  • You need at least two of the supported currencies to exchange currencies. If you need additional currencies, please create a balance from the app.