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ATM withdrawal

bks98326 Member Posts: 2
Transaction Date 12/3/2016
Merchant Name 123456789012345
Merchant Location Kathmandu NP
Country Nepal
Transaction Number 95990599
Transaction Type ATM Withdrawal
Transaction Amount 500.00 NPR
Withdrawal Fee $3.15
Total Charged $12.60

This is my first withdrawal from payoneer mastercard. At present, $1~ NPR 110. So withdrawal of NPR 500 along with withdrawal fee cost around $8. Why am I charged $12.60?