Will money be exchanged automatically when I transfer money to a bank account of different currency?

MrFuzzy332

Hello, so I finally made enough money to transfer into my bank account. However the problem is that the money is in USD and my bank account is for TL. When I request a transfer will the money be exchanged to TL or will my bank simply reject the transfer? Do I need the currency to match my bank account? Because I have a euro account I completely forgot about and if that is the case I could just use that. But I would like to know if it will simply be that convenient to just use my TL account. Thanks for your time.

KazPayoneer

Hi there,

Good question. To answer, when you withdraw your USD from your Payoneer account to a bank account that has a different currency, the funds will be sent to your bank account in that currency. So if your bank currency on Payoneer is set to your local currency you'll receive funds int he local currency.

A cancellation from your bank would only happen if your bank account is not able to accept a certain currency after funds have been sent in a specific currency (ex: if a user selected USD under bank account currency, but it cannot take USD transfers)

Thanks!