Dynamic Currency Conversion - DCC
What is a Dynamic Currency Conversion?
A Dynamic Currency Conversion (hereinafter referred to as: DCC) at ATMs of OTP banka d.d. is a type of cash withdrawal transaction available with Maestro, Cirrus, Mastercard and Visa cards issued by banks (issuers) outside the Republic of Croatia, and linked to accounts in one of the following currencies: AUD, CAD, CZK, DKK, HUF, NOK, SEK, CHF, GBP, USD, EUR or PLN.
DCC is a service enabling holders of foreign cards to withdraw cash in HRK at ATMs,
whereas, in addition to the amount requested in HRK, the cardholder will be provided the following information via ATM screen at the time of initiating the transaction:
- The exchange rate used to convert the Croatian kuna to a specific foreign currency (total of 12 foreign currencies available)
- The amount in the home currency that will be charged to the cardholder
- Ratio between the exchange rate used for the conversion and the exchange rate of the European Central Bank expressed in %.
The amount of the bank fee for a DCC transaction (mark-up) is calculated as the ratio of the buying rate for OTP Bank's foreign currency, minus the DCC margin, in relation to the latest reference exchange rates of the European Central Bank for the euro, and is displayed as information in percentage points (%) - on the bank's website as part of the DCC exchange rate list for ATM transactions and on the ATM screen before concluding the transaction itself.