Reimburse employees in local currency

Overview

With Ramp, you can use international reimbursements to pay employees in their local currency across 60+ countries.

This article covers reimbursement payouts to an employee's international bank account. If your Ramp Enterprise business uses Sage Intacct, NetSuite, or Universal CSV and wants to fund reimbursements from an international entity's local-currency bank account, see Fund reimbursements in local currency.

Businesses based in Nevada, and businesses in certain industries, may not be able to use international reimbursements or may require Enhanced Due Diligence (EDD). See Limitations for international reimbursements for details.

How it works

Step 1

Employees add their international bank accounts on Ramp.

Step 2

Employees submit reimbursement and specify the currency of the transaction. Note: they will always be reimbursed in the local currency of their bank account's country.

Step 3

Once the reimbursement is approved, a payment will be made from your US bank account to cover the reimbursement.

Supported countries and currencies for international reimbursements

Argentina (ARS), Australia (AUD), Austria (EUR), Belgium (EUR), Botswana (BWP), Brazil (BRL), Bulgaria (EUR), Canada (CAD), Chile (CLP), China (CNY), Colombia (COP)**, Costa Rica (CRC), Croatia (HRK), Cyprus (EUR), Czech Republic (CZK), Denmark (DKK), Egypt (EGP), Estonia (EUR), Finland (EUR), France (EUR), Georgia (GEL), Germany (EUR), Ghana (GHS), Greece (EUR), Hong Kong (HKD), Hungary (HUF), India (INR), Indonesia (IDR), Ireland (EUR), Israel and Palestinian territories (ILS)*, Italy (EUR), Japan (JPY), Kenya (KES), Latvia (EUR), Liechtenstein (CHF), Lithuania (EUR), Luxembourg (EUR), Malaysia (MYR), Malta (EUR), Mexico (MXN), Monaco (EUR), Morocco (MAD), Nepal (NPR), Netherlands (EUR), New Zealand (NZD), Norway (NOK), Pakistan (PKR), Philippines (PHP), Poland (PLN), Portugal (EUR), Romania (RON), Singapore (SGD), Slovakia (EUR), Slovenia (EUR), South Africa (ZAR), South Korea (KRW), Spain (EUR), Sri Lanka (LKR), Sweden (SEK), Switzerland (CHF), Thailand (THB), Turkey (TRY), United Arab Emirates (AED)*, United Kingdom (GBP), Uruguay (UYU), Vietnam (VND)

* Israel and Palestinian territories: account address cannot be in the UAE
* United Arab Emirates: account address cannot be in Israel
** Colombia: only some Bancolombia accounts are partially supported

More details

Currency conversion

We use competitive currency conversion rates from Open Exchange based on the transaction date found here.

Payment method

Ramp processes international reimbursements as local bank transfers. Payments to India use NEFT.

Fees

Employees will never incur costs for using international reimbursements. Please note that our payment provider may have additional fixed fees associated with some international reimbursements.

Currency display for employees

Employees will see their local currency.

Currency display for Admins

Admins will see the receipt amount and the payee amount. Ramp will show a message with the itemized amounts if the payee or statement amount differs from the receipt.

International mileage reimbursements

For countries with a standard rate or a company-configured custom rate, employees can submit their own mileage reimbursements on the web and in Ramp's iOS and Android apps. Admins configure custom country rates on the web. See International mileage reimbursements for country coverage, custom-rate setup requirements, and how Ramp selects the rate.