The Commercial Bank has extended its ‘Dynamic Currency Conversion (DCC) feature to foreign visa card holders using the bank’s ATMs in the country.
Dynamic Currency Conversion allows international travelers to withdraw Sri Lankan currency from Commercial Bank ATMs after viewing the exact amount that will get debited in their own currency.
This enables cardholders to have better understanding of the conversion of their home currency to the amount dispensed at the ATM. The exposure to exchange losses due to frequent exchange rate fluctuations could be eliminated by choosing the DCC option.
“We are extremely delighted to extend our Dynamic Currency Conversion feature to a very important segment of travelers to the country,” said Thusitha Suraweera, Head of Commercial Bank’s Card Centre.
Adding further, “This is a consumer-friendly service that is widely used and prompts significant repeat cardholder usage in countries where Dynamic Currency Conversion is allowed.”
The DCC feature was already available to foreign Visa and Mastercard cardholders making payments at Commercial Bank Point of Sale (POS) terminals and to Mastercard users at the Bank’s ATMs.