Clarification on card ATM currency rates

merlinmerlin Posts: 3Member

Hello

 

I was told that the card at ATM uses the MasterCard posted current currency rates. Today they were listed CAD to USD at 0.949397 %
 
I have been following what I am being charged for a couple weeks and about 4.5 to 5% is being lost. For example today the rate I was actually charged was not .95 but 1.00
 
Does the card have a 5% ATM fee?
 
Thank you
 
 
 
 

Comments

  • RomiRomi Community Manager Posts: 2,706Member ✭✭✭

    There's a fee for every ATM withdrawal and you can see all your fees in your "My Account". Aside from that, conversion rates fluctuate all the time so what is listed is a rate taken at a certain point in the day, or an average. The ATM may charge up to 3% of the withdrawal amount, but this depends on the ATM.

    Romi

    Community Manager at Payoneer


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