To international cardholders on Dynamic Currency Conversion (DCC) using Luminor ATMs
At Luminor ATMs, international VISA and MasterCard cardholders, whose home currency is not euro, are first informed on a screen that they have the right to choose the currency in which euros will be converted during the transaction. Each of the following is made clear to the cardholder:
Transaction amount in the local currency (EUR);
Transaction amount in the home currency;
Home currency conversion rate and bank mark-up fee to be applied for currency conversion services.
The Dynamic Currency Conversion (DCC) service is applied only if the cardholder chooses this option by pressing „Convert at proposed rate“ button.
After transaction all above mentioned information is printed on the receipt.
For DCC service in Luminor ATM Luminor charges 6% (six percent) mark-up fee for each transaction.
Luminor offers international VISA and MasterCard cardholders, whose home currency is not euro, an option to withdraw cash at Luminor ATMs with full visibility on ATM screen before operation on the foreign exchange rate applied and the cost of the transaction in their home currency (Dynamic Currency Conversion or DCC service).
Dynamic Currency Conversion removes the currency conversion risk for the cardholder at the same time as clearly stating amount in home currency.