For ATM withdrawals, ₹100+GST for all financial & non-financial transactions at International ATMs. Any charges up & above this could be incurred from the transacting ATM bank and need to be checked beforehand.
@Deepak Thank you for the clarification. I have a couple of more queries regarding the International usage.
I see a lot of people worrying about the FX adjustment which happens during the PoS, where their account gets debited when the merchant settles the payment which usually happens at a later date. Does this FX adjustment also applies to ATM withdrawals or not ?
2.When you mean no forex markup, does it also means no cross currency charge?
I am planning to purchase for nearly an amount of 1lakh Thai Baht, if I bring in the equivalent INR into my account before the transaction, will my account gets blocked because the value will be over 2lakhs Indian rupees ? Also will I be able to complete the transaction smooth for the same amount?
Hey @jayjay! Let me try to answer your queries here.
FX adjustments happen only for international PoS transactions but not for ATM withdrawals.
Niyo Global does not have any cross-currency charges. All international transactions will be processed based on live Visa exchange rates.
The account will not be blocked for loading INR to your Niyo Global account. You are requested to load funds to your Niyo Global account from your primary bank account. Once the funds are added, you can use your card for an international transaction without any hassle.