Hi,
Neteller does not support bank withdrawals to local currencies anymore? Only EURO? This will result in a massive FX fee income for Neteller.
Any other good solutions \ ways to don't convert money and pay 3% +\-....?
Bank Withdrawals - Currencies
- arbusers
- Administrator
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Re: Bank Withdrawals - Currencies
Are you sure this is doable. Last time I checked it wasn't.Alfa1234 wrote: Withdraw from Neteller to transferwise and use that to transfer into the currency you want. Should be way, way cheaper.
Last edited by arbusers on Fri Mar 15, 2019 7:40 pm, edited 1 time in total.
- cristi13
- To become a Pro
- Karma: 6
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Re: Bank Withdrawals - Currencies
open bank account in EUR then find a local exchange with a good price
- Shawn2k
- Has experience
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Re: Bank Withdrawals - Currencies
I'm not to afraid of the costs in my bank - They are pretty low. Netellers costs on the contrary, they are not so funny to pay. Even with high VIP you still pay almost 3%.
Anyway, I can't understand why I did not get a warning about this. It's not a nice way to treat customers. It's greed, just pure greed.
Anyway, I can't understand why I did not get a warning about this. It's not a nice way to treat customers. It's greed, just pure greed.
- Shawn2k
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- ludako
- Has experience
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Re: Bank Withdrawals - Currencies
Oh really? Im sorry that I didnt understand this at first. So you got lets say USD account and before sending to the bank they want to convert the money to eur and steal 3%? wtf
- Shawn2k
- Has experience
- Karma: 7
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NOTICE:
Local currency bank withdrawals to your country of registration are no longer supported. You can register and withdraw funds to a bank account denominated in EUR.
When my currency is not EURO, the message above means that I can't get my money without converting them at least once, probably twice - Which practically means my money at Neteller and all bookies has dropped like 4-5% in value today.
..So I feel a warning would have been fair play - Or am I to demanding?
Re: Bank Withdrawals - Currencies
Here's what it says:ludako wrote:Oh really? Im sorry that I didnt understand this at first. So you got lets say USD account and before sending to the bank they want to convert the money to eur and steal 3%? wtf
NOTICE:
Local currency bank withdrawals to your country of registration are no longer supported. You can register and withdraw funds to a bank account denominated in EUR.
When my currency is not EURO, the message above means that I can't get my money without converting them at least once, probably twice - Which practically means my money at Neteller and all bookies has dropped like 4-5% in value today.
..So I feel a warning would have been fair play - Or am I to demanding?
Last edited by Shawn2k on Fri Mar 15, 2019 5:31 pm, edited 1 time in total.
- Alfa1234
- Totally Pro
- Karma: 63
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Re: Bank Withdrawals - Currencies
Which part? I had my transferwise verified with Neteller to make withdrawals about a year ago, maybe things have changed...arbusers wrote:Are you sure this is doable. Lat time I checked it wasn't.Alfa1234 wrote: Withdraw from Neteller to transferwise and use that to transfer into the currency you want. Should be way, way cheaper.
- ISIN
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- kapetan1122
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Re: Bank Withdrawals - Currencies
If youf bank acc is in GPB they ll not convert your money no matter where your bank is located.