Bank Withdrawal question

HBK · 05-01-2007

If I have US$ as default currency in MoneyBookers and want to withdraw my money to bank account, do I need to have my bank account in US$ or will it work if I have account in local currency? Please post here if you have idea about this. Thanks!

Asmi · 05-06-2007

I have account in local currency and I have no problems in withdrawing my MB money (which is in Euro). My bank automatically converts it into local currency whenever wire transfer is received from MB.

mike4rd · 05-07-2007

Asmi is correct, most banks accept any currency.

If you don't need the money, and the conversion rate from US$ to your local currency is bad, open a bank account in US$ and withdraw the money to that bank account, then when the conversion rate is better, move it to your local currency account

tilapia · 05-09-2007

The money will automatically be converted by your bank.The only problem is that it will fluctuates with the exchange rate.

jovial · 05-09-2007

That is not necessary at all, whenever you transfer you funds to your account, currency is first converted into local currency of your bank or the country you live in. Its simple as that...and of course you have to pay them currency conversion fee.

Faizy · 05-16-2007

It depends on your bank. MoneyBookers will send the money using the SWIFT information you provide. Now it is up to your bank if they allow you to receive money in foreign currency. Most of times it is not a problem because bank loves everything incoming.

Xahid · 05-25-2007

My bank asked me to open a US$ account to receive any wire transfer payment in dollars so I guess it depends on each bank. Its better to ask them before opening an account.

rts47 · 06-20-2007

I never tried to withdraw money from moneybookers to my bank account yet.But i think since i had chosen my local currency there will be no problem when i want to do that.

05-01-2007	#1 (permalink)
HBK Junior Member Join Date: May 2007 Posts: 15 Rep Power: 0	Bank Withdrawal question If I have US$ as default currency in MoneyBookers and want to withdraw my money to bank account, do I need to have my bank account in US$ or will it work if I have account in local currency? Please post here if you have idea about this. Thanks!

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05-06-2007	#2 (permalink)
Asmi Member Join Date: May 2007 Posts: 40 Rep Power: 0	I have account in local currency and I have no problems in withdrawing my MB money (which is in Euro). My bank automatically converts it into local currency whenever wire transfer is received from MB.

05-07-2007	#3 (permalink)
mike4rd Senior Member Join Date: Apr 2007 Posts: 110 Rep Power: 2	Asmi is correct, most banks accept any currency. If you don't need the money, and the conversion rate from US$ to your local currency is bad, open a bank account in US$ and withdraw the money to that bank account, then when the conversion rate is better, move it to your local currency account

05-09-2007	#4 (permalink)
tilapia Junior Member Join Date: May 2007 Posts: 20 Rep Power: 0	The money will automatically be converted by your bank.The only problem is that it will fluctuates with the exchange rate.

05-09-2007	#5 (permalink)
jovial Junior Member Join Date: May 2007 Posts: 20 Rep Power: 0	That is not necessary at all, whenever you transfer you funds to your account, currency is first converted into local currency of your bank or the country you live in. Its simple as that...and of course you have to pay them currency conversion fee.

05-16-2007	#6 (permalink)
Faizy Junior Member Join Date: May 2007 Posts: 20 Rep Power: 0	It depends on your bank. MoneyBookers will send the money using the SWIFT information you provide. Now it is up to your bank if they allow you to receive money in foreign currency. Most of times it is not a problem because bank loves everything incoming.

05-25-2007	#7 (permalink)
Xahid Senior Member Join Date: May 2007 Posts: 110 Rep Power: 2	My bank asked me to open a US$ account to receive any wire transfer payment in dollars so I guess it depends on each bank. Its better to ask them before opening an account.

06-20-2007	#8 (permalink)
rts47 Senior Member Join Date: Jun 2007 Posts: 100 Rep Power: 2	I never tried to withdraw money from moneybookers to my bank account yet.But i think since i had chosen my local currency there will be no problem when i want to do that.

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