Withdrawal of funds in a different currency.

[Ian-1947]

As a UK-based account holder, can I withdraw the USD funds in my account to a USD account held with Wise, or do they have to be withdrawn in GBP to my UK bank?

[kernowlass · Accepted solution]

@Ian-1947 

Withdrawals to bank accounts are always in local currency.

Also be careful because Paypal does not support Wise / Payoneer (or any other virtual banks).
Whilst you can sometimes add an account it wouldn't work properly and Paypal advise you against trying.

If you do succeed then Paypal wouldn't be responsible for any missing funds to or from that virtual / digital bank account.

 

[Ian-1947]

Thanks for the prompt reply, which does rather confirm my suspicions that such a transfer is not possible.

As far as connecting to virtual banks is concerned, I've had my PayPal account linked to Revolut for nearly a year without problem, so perhaps this potential only applies to some virtual banks.

[kernowlass]

@Ian-1947 

If you do a google search you will see a lot of folks that have had  problems with Revolut, you have been lucky.