currency conversion

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Shaktiraj

• May 12, 2018 08:04

Should i convert my GBP funds to USD and then withdraw them OR

i should withdraw them right away by setting GBP as my Currency in Payoneer?

 

I really want to know how much difference would it make in both the cases in terms of Currency conversion rate Because my Bank Account Currency is Neither GBP Nor USD, it's INR ( indian Rupees ) so , i guess when i send my money from Payoneer to My Local Bank Account , it will perform a currency conversion too.

so which is the ideal / appropriate option for me ?

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  Mohammed

  • June 01, 2019 02:44

  Use Transferwise (Ref link) for the conversion, they offer Free GBP EURO and USD bank accounts, Keep your earnings in the same currency, withdraw to Transferwise first then from there convert your funds to Indian Rupees and withdraw em to your local bank account.

  Transferwise offers the best FX rate online, it's way better than Payoneer, and the conversion fee is around 0,30%

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  Burhanuddin

  • June 15, 2020 17:09

  @Mohammed I think we don't have transferwise a withraw option only payoneer is there

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  Mohammed

  • June 15, 2020 22:46

  @ Burhanuddin   , add it as a regular bank account, UK bank account for GBP, EU bank account for EURO , US bank account for USD

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