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They said that in Sharm you can pay with a regular (non-currency) Privat Bank card and in stores they withdraw money immediately at the rate of the pound, without converting it into dollars (which is more profitable). Truth?
They said that in Sharm you can pay with a regular (non-currency) Privat Bank card and in stores they withdraw money immediately at the rate of the pound, without converting it into dollars (which is more profitable). Truth?
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Answers • 76
Yes. Just do not forget to warn the bank that on such and such dates it is possible to use the card abroad. In supermarkets, we have been paying by card for a long time. In the shops about the availability of the terminal, ask in advance.
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3.5
answered 6 years ago
thanks. how is indexing going on? how to find out how much hryvnia was withdrawn from your card?
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answered 6 years ago
You will receive an SMS or private 24 (if a private card). We have an IDech bank card without conversion, which is also very beneficial for settlements abroad. How many times have we traveled with her and the course in the system is always profitable. But you better visit the bank, talk to the manager.
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answered 6 years ago
Paying with a hryvnia card is not profitable
The amount of your purchase in Egyptian pounds is transferred at the cross rate to euro, and then again the cross rate of euro to hryvnia
The amount of your purchase in Egyptian pounds is transferred at the cross rate to euro, and then again the cross rate of euro to hryvnia
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answered 6 years ago
It all depends on the card and its tariff plan (conversion, commissions, etc.). These cards are very expensive in this regard, but there are excellent ones. I’m already a former bank employee, and my husband is still connected with banks, I know what I’m talking about
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2.5
answered 6 years ago
It is profitable to pay with a hryvnia card, but there is no dollar or euro card (in Egypt), because there will be a double conversion. The conversion takes place in the currency of the country where you are located, according to the exchange rate on the day of the operation.
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answered 6 years ago
The cross rate for that is a pair of currencies, without the involvement of a link to the third. Profitable. even a simple "salary" was calculated with a Ukrsibbank card. Their "owner" BGZ BNP PARIBAS is represented in Sharm by branches and ATMs, respectively, where you can withdraw cash in pounds with a small commission. The bank must be warned about withdrawals abroad. "Customize" map.
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answered 6 years ago
It is beneficial to pay with the card. Double conversion occurs just on hryvnia cards: the Egyptian currency - the currency of the card system (mastercard euro, visa dollar) - hryvnia. There is no double conversion on currency cards. So the words AllOverTheWorld are exactly the opposite :)
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answered 6 years ago
Before the trip, check with the bank for such details! Bank employees, like no one else, are aware of this information)
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1.5
answered 6 years ago
yorkhils It is not necessary to warn anyone if you have a private card. You will be charged another percentage for double conversion. And how much this is, you can check with the bank. But in the shops and shops of Egypt it is almost impossible to pay with a card anywhere, supermarkets do not count. But you can dol. and Egyptian pounds.
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answered 6 years ago
There is no double conversion only with euro cards, in international settlements with cards of different banks Egypt is included in the euro area of calculations at cross rates, if you were going to Latin American countries it would be the US dollar
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2.5
answered 6 years ago
AllOverTheWorld in interbank in international settlements, if the currency is not a dollar or euro, then there will be a double conversion, even if you have a card in $ and you come to Turkey or Egypt, then there will also be a 2 cross rate to the euro, if you come to Mexico, then vice versa there will be $ card is beneficial
If you are going to an area where banking systems are tied to the euro, then a euro card is beneficial
If you are going to an area where banking systems are tied to the euro, then a euro card is beneficial
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answered 6 years ago
lana_181 "But in shops and shops in Egypt it is almost impossible to pay with a card anywhere," maybe it was once so. But cards have long been accepted even in small shops / shops. At least in Sharm.
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answered 6 years ago
Vika284, you apparently haven't paid with Ukrainian cards in Egypt for a long time. Since 2014, every year we make purchases there using cards of various Ukrainian banks. At the checkout, you will definitely be asked in what currency to withdraw. Always answer - in pounds. Then you will receive an SMS about the withdrawal of pounds plus an SMS about the changed balance in hryvnias. You can always easily calculate the exchange rate of the hryvnia to the pound, and then the dollar to the pound, on which the transaction was made. And this rate will practically not differ from the exchange rate. As an example, I can give you the figures for November 2017. In the Senzo Mall, we settled in several stores at the rate of 17.59 per dollar, at a time when the exchange rate was 17.68. Our "loss" amounted to 9 Egyptian kopecks on the dollar. A small fee for not having to carry a wallet with money with you, to change a stable currency for Egyptian candy wrappers, with almost no possibility of changing them back.
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answered 6 years ago
AllOverTheWorld, absolutely correct clarification. It is the hryvnia card that is the most convenient and, in fact, the most profitable way of dawn. Both in Egypt and Turkey. Be sure to specify at the checkout that the withdrawal must be in local currency.
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answered 6 years ago
zaeugene, I don’t know, for everything, I didn’t come across such. Yes, I don’t see the point of dragging a card there at all)) it’s a joke of course. If you can change money for pounds and it will be more profitable than paying with a hryvnia card. You can just bargain in dollars. .to stupid) Why do people create unnecessary problems for themselves?)
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answered 6 years ago
lana_181 Paying with a card is just as profitable as paying with cash. It is more profitable to pay in local currency than in euros/dollars. So, if the goal is "savings", then definitely a map.
And again, we're getting away from the crux of the matter. The question was "may". The answer is yes.
And again, we're getting away from the crux of the matter. The question was "may". The answer is yes.
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1.5
answered 6 years ago
L_ena the last time I paid with my card in euros in Egypt in September 2017.
The question in which currency to open a card for use in the countries of Turkey, Egypt, Tunisia, Greece arose in 2008 and 2014. In different banks, not in Privat Bank, they talked about the rule of operation of the MasterCard and Visa systems for interbank international settlements. All cross rate calculations will be if Egypt Turkey Tunisia is pegged to the euro.
A transaction if the card is in hryvnia, if you made a purchase in Egyptian pounds, it will first be a pound to the euro, then the euro hryvnia - these are the rules for international payments by MasterCard and Visa, and Privat cards are no exception
The question in which currency to open a card for use in the countries of Turkey, Egypt, Tunisia, Greece arose in 2008 and 2014. In different banks, not in Privat Bank, they talked about the rule of operation of the MasterCard and Visa systems for interbank international settlements. All cross rate calculations will be if Egypt Turkey Tunisia is pegged to the euro.
A transaction if the card is in hryvnia, if you made a purchase in Egyptian pounds, it will first be a pound to the euro, then the euro hryvnia - these are the rules for international payments by MasterCard and Visa, and Privat cards are no exception
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answered 6 years ago
I recommend visiting any of the banks with foreign capital, for example, Aval, Credit Agricole, Kredobank, UkrSibbank, ING Bank, Citibank, check for settlements abroad with cards opened in hryvnia, euros and dollars, how the cross rate is calculated at the international interbank processing center
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answered 6 years ago
Vika284, I have a hryvnia Visa World. Never in Egypt and Turkey have I encountered a double conversion. I have no experience with euro or dollar cards, I can’t say anything here. All cards in our family are hryvnia and there have never been any problems with the calculation of them in different countries.
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answered 6 years ago
It doesn’t matter if it’s a visa or MasterCard if you are in Turkey or Egypt in a store, restaurant or hotel if your card is Ukrainian hryvnia and the price is in Turkish lira or Egyptian pounds, the international interbank processing center first converts pounds Egyptian or Turkish lira into Euro currency then transfers Euro to Ukrainian hryvnia - this is a standard procedure for international payments on visa and MasterCard, regardless of the Bank or type of cards
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answered 6 years ago
Vika284, as usual, in the tone of a connoisseur talks about things she does not understand. Sofa expert.
zaeugene, also not entirely accurate reasoning.
yorkhils, in any case, the most complete and adequate information on the issue will be given to you only at the bank. It's fun to read the opinions of couch experts on the forum. If you want to really understand this issue, then ask the bank about it, not the forum.
zaeugene, also not entirely accurate reasoning.
yorkhils, in any case, the most complete and adequate information on the issue will be given to you only at the bank. It's fun to read the opinions of couch experts on the forum. If you want to really understand this issue, then ask the bank about it, not the forum.
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1.5
answered 6 years ago
Hmm...citizens of Ukraine who travel a lot in the know, international UAH cards are the most profitable for payment!!! what double conversion are you talking about?
L_ena you just understand me ....
I have 3 Visa and 1 MasterCard
Always and Everywhere ... on the hryvnia card conversion: hryvnia is the currency of the country!
Vika284 sho for the processing center ... what are you talking about? Why will Yegi be converted to euros and not dollars? Why are Turkey Yegi and Tunisia pegged to the Euro?
Even in the States, it’s more profitable for me to pay with a hryvnia card because the interbank rate is lower than the market one ....
Send you screenshots with private24?
Every time I enter another country, the bank sends me a message: in order to avoid double conversion, pay with a card in the national currency
L_ena you just understand me ....
I have 3 Visa and 1 MasterCard
Always and Everywhere ... on the hryvnia card conversion: hryvnia is the currency of the country!
Vika284 sho for the processing center ... what are you talking about? Why will Yegi be converted to euros and not dollars? Why are Turkey Yegi and Tunisia pegged to the Euro?
Even in the States, it’s more profitable for me to pay with a hryvnia card because the interbank rate is lower than the market one ....
Send you screenshots with private24?
Every time I enter another country, the bank sends me a message: in order to avoid double conversion, pay with a card in the national currency
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4.5
answered 6 years ago
AllOverTheWorld, reread your post:
Always and Everywhere ... on the hryvnia card conversion: hryvnia is the currency of the country!
Every time I enter another country, the bank sends me a message: in order to avoid double conversion, pay with a card in the national currency
What is the national currency in Egypt?
Always and Everywhere ... on the hryvnia card conversion: hryvnia is the currency of the country!
Every time I enter another country, the bank sends me a message: in order to avoid double conversion, pay with a card in the national currency
What is the national currency in Egypt?
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answered 6 years ago
In America: I was in the USA, Canada, Mexico, Costa Rica, they always asked for euro-dollar on my hryvnia cards .... and that's it!
And in other countries (L_ena everything is correct) they ask in what currency the calculation is in local or dollar / euro ....
to all theorists for advice to the bank ...
And in other countries (L_ena everything is correct) they ask in what currency the calculation is in local or dollar / euro ....
to all theorists for advice to the bank ...
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answered 6 years ago
What did you not like about my post? in Yegi what, the national currency is the dollar or the euro???
it means in Egi hryvnia-egi pound ...
it means in Egi hryvnia-egi pound ...
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answered 6 years ago
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