Payoneer withdrawal transfers in EUR after Brexit

mikek
mikek Member Posts: 21 ✭✭
in Popular Questions and Tips

Starting from the 2021 some EU banks are started to charge for incoming transfers from outside the EU, this is how I was charged by the bank because Payoneer made transfer from UK bank.

Will Payoneer consider to make EUR transfers in EU from EU bank or we just should be aware of the possible issue and solve it by ourselves?

Comments

  • KazPayoneer
    KazPayoneer Confirm Email, Member, Administrator Posts: 1,561 ✭✭✭✭✭✭✭

    Hi there,

    Thanks for the good question. We generally try to use a provider that is local to the bank account, but sometimes as you've noted the transfer can come from outside the region. As the specific providers are not determined until you've made the transfer, there is no way of predicting which provider will handle the transfer.

    The prospect of always making EUR transfers from a provider in EUR is a good idea, and I have brought it to our team for consideration.

    For the time being, please be sure to monitor which providers have been used for your transfer, and continue to consult with your bank to see the proper fees and charges that may be associated with it.

    Thanks for your good idea and post.

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