I have come to know an amazing information. I live in bangladesh and here no banks allowed to withdraw more than 50,000 BDT(around $750 USD). So, if you want more than that, you will either have to withdraw from different banks or will have to withdraw by check.
Few days ago payoneer(online mastercard accounts provider) chnaged/upgraded their mastercard facility and increase withdrawal limit to $5000 USD. I recently tested to withdraw >$750 USD(to test cross the local limit) and became successful. I could do that. So, I think, its much better to keep the money on mastercard rather than to transfer unnecessarily to our local bank account, as we can withdraw more than local bank account. Moreover, sometimes when the value of USD grows at international forex market, i use to get better rate and atm (68.xx including fee cut by payoneer).
If you are very new and not sure about how to get this mastercard online, please refer to my ealier post about how to get mastercard online. Hope this helps.
3 comments:
Rana,
Actually Standard Charted extended the withdraw limit to 100,000 BDT. That's why you were able to withdraw amount>$750 .
Yes, that is correct too.
it is good idea
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