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Withdraw GBP funds in European ATMs with prepaid card ?

Johann69
Johann69 Member Posts: 1 ✭
in Ask The Community
Hello,

I work with an U.K company and they will send me payments in GBP, so I'll have GBP credit on my Payoneer account.
I'm a French citizen and I've just ordered the Payoneer prepaid card so it will most likely be an € card, right?
Will I be able to withdraw my GBP funds with my Payoneer prepaid card at french ATMs or not ? Since those ATMs give € only...

Comments

  • Adam_Payoneer
    Adam_Payoneer Administrator Posts: 1,021 ✭✭✭✭✭✭✭
    Yes you will. A conversion will most likely take place when withdrawing the funds at your local ATM in France so the funds will be withdrawn in Euro's after being converted from GBP. 
    If you have the option to withdraw funds to your bank from your account (which I am prerry sure you should), you can also use this until the card arrives or if you require to withdraw larger amount of funds.
    In addition, withdrawing the money to your bank is more cost efficient than withdrawing at the ATM thus reducing your fees in the long run.

    Up to 3.5% conversion feess (plus ATM related fees) for using the card compared  to up to 2% conversion fee for when withdrawing the money directly to your local bank. 

    Happy and willing to answer general questions.

    For any inquiries directly associated to your Payoneer account, please contact Payoneer's Customer Care Support Center.

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