Do you have PKO BP? Better do it and don’t waste your money

You feel stupid when, while traveling, a payment terminal suddenly asks you what currency you want to pay in. Your hands run towards the zloty, and this is a big mistake. The cost of such a transaction, relying on the rules of the local bank, is usually much higher than when choosing the local currency. The same applies to ATM withdrawals. In other words, you are in Egypt, you choose Egyptian pounds to settle your transaction instead of Polish zlotys, and so on.

PKO BP decided to make this process easier for customers and protect them from additional fees. From now on, in the IKO application, we can firmly determine what type of transaction is accepted by the bank. Just enable DCC transaction blocking.

First of all, it will help you avoid accidental and unfavorable settlement of card payments or cash withdrawals from an ATM. Each attempt to make a payment or ATM transaction outside Poland with the selected settlement in PLN will end in failure, and you will receive an SMS with information about the reason for rejection.

Other foreign transactions without the use of DCC will be carried out without any problems. And if you use the multi-currency function and have an additional currency account connected to the card, the money will go to the payment from it, without additional currency conversion.

To enable or disable DCC lock in the IKO applicationgo to My products → Cards → Debit card → Manage → Currency services → DCC transaction blocking. The feature is available to people who have a debit card and does not involve any additional fees.