Withdrawing cash abroad involves a conversion rate and up to three separate fees. This article shows which part is set by whom, so you know what to check before you press confirm.
Published September 30, 2026 · 3 min read
The calculation runs in a fixed order. You request an amount in the local currency, the card network converts the equivalent from your card balance, and the fees are added to the cost. The local cash you receive is exactly what you requested; the conversion and fees show up in what leaves your balance. Because the rate is applied at the time of the withdrawal, the final figure in your home currency is confirmed only after the transaction.
An ATM only dispenses banknotes in the local currency. The conversion itself is done by the card network, which converts from your card balance at its rate at the time of the withdrawal. Neither the ATM nor the card issuer sets that rate. This is why the same withdrawal made a day later can cost a slightly different amount in your home currency.
Three layers can apply, and they are independent of the rate. With a Nexus Pay card they look like this:
The ATM owner's fee is not set by the card issuer and is shown on the machine's screen before you confirm, so you can cancel if it looks too high. As an example from the fee page: 1000 USDT moved to the card becomes $999.00, and withdrawn at an ATM it leaves $996.50 before any ATM-owner fee.
| Step | Who applies it | What to check |
|---|---|---|
| Cash is dispensed | ATM, in the local currency | Choose the local currency on the screen |
| Currency conversion | Card network, at its rate at the time of the withdrawal | The rate is not set by the ATM or the issuer |
| Moving balance to the card | Nexus Pay, 0.1% | Move only the amount you plan to withdraw |
| Withdrawal fee | Nexus Pay, 0.25% per withdrawal | Fewer, larger withdrawals cost less |
| ATM owner's fee | ATM owner, if any | Shown on screen before you confirm |
Choose the local currency. If the machine offers to charge you in your home currency, that is dynamic currency conversion: the conversion is done on the ATM's side instead of by the card network. Selecting the local currency avoids it and leaves the conversion to the network's rate at the time of withdrawal. The screen wording varies between machines, so read the prompt before tapping.
The 0.25% fee is charged per withdrawal, so one larger withdrawal costs less than several small ones for the same total. The same logic applies to any fee an ATM owner adds: every extra withdrawal is another chance to pay it. Before confirming, compare the fee on the screen with what you are withdrawing, and cancel if it does not make sense. Withdraw only what you need, since the card spends only the available balance and there is no credit or overdraft.
Nexus Pay is a crypto wallet with a Visa card, opened inside Telegram, and it is not a bank. You keep USDT, USDC, BTC or ETH in the wallet, move the amount you need to the card, and withdraw at an ATM with the physical card, which costs 99 USDT including delivery and is delivered by mail. The virtual card works online and via Apple Pay and Google Pay but is not the one for ATMs. Issuing any card requires identity verification with a document and a photo.
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