At Eurotrader, we ensure that withdrawal transactions are secure, transparent, and efficient.
Noticing a difference in your withdrawal amount can be concerning. However, this usually happens due to transaction fees, currency exchange adjustments, or bank charges. Below, we explain the most common reasons why your withdrawal amount may differ from your original request.
1. Fees
🔹Transaction Fees: Banks, ATMs, or payment processors may charge a fixed fee or a percentage of the withdrawal amount.
🔹Foreign Transaction Fees: If you're withdrawing money in a foreign country, your bank may charge additional fees for international transactions.
2. Currency Exchange Rates
🔹Dynamic Exchange Rates: If withdrawing in a currency different from your account's base currency, the exchange rate applied at the time of withdrawal can vary. These rates fluctuate based on market conditions.
🔹Bank Exchange Margins: Banks or processors often add a markup to the exchange rate, meaning you receive slightly less than the market rate.
🔹Currency Conversion Fees: Some institutions charge an extra fee for converting currencies during a withdrawal.
Need further assistance? Contact our support team for additional help!