- Time of past OR future Camino
- Francés, Norte, Salvador, Primitivo, Portuguese
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I use the ING Orange Everyday card too - works out very well.ING card.....
Here's a blog post from a New Zealander who uses an N26 debit card to minimize ATM fees in Europe. N26 is an online bank with Headquarters in Germany. The basic current account is free to use and can be managed via a mobile app. To open the account, you need a residential address in the EU, but it appears to be possible for short-term visitors:There is no equivalent for New Zealanders - ASB charges a slightly better exchange rate at 2.2% - but charge $7 per a ATM withdrawal. BNZ I think is $5 per a ATM withdrawal. If anyone knows better I'd love to be wrong on this. I tend to carry more and more cash
The best UK debit cards for ATM withdrawals (according to Moneysavingexpert.com) are from Starling, Monzo, Metro Bank, and Cumberland Building Society. This may change over time, so check a comparison site to find the latest situation:
In 2017, I opened an account with Metro specifically to use on my camino. Considering that this is a new bank with no legacy systems, I agree that the website is a pain. Mobile app is hassle free - Perhaps TOO hassle free, since it lets me in with just my fingerprint on my iPhone. I'd like a secondary layer of authentication.Metro Bank...
I find their website a real pain to log into!
Starling looks good but Monzo useless for camino as they limit fee-free withdrawls to 200 pounds a month, although respect to you if you do your camino on 7 euros a dayThe best UK debit cards for ATM withdrawals (according to Moneysavingexpert.com) are from Starling, Monzo, Metro Bank, and Cumberland Building Society.
Warning, rant coming.
The best bank account that I know of in the US for travel is with Charles Schwab. There are no fees, and no minimum balance required. They refund all ATM fees world wide each month, even those charged by the ATMs bank.
Thanks, I'm not expecting to go anywhere where I'll need it so I'll wait for your report which, knowing you, will be packed with information.I plan to report back once I am a customer. For now, I wait.
but, reading on many topics, am I correct to presume that I might get hit with the ATM fee from the ATM (Bank) I am actually making the withdrawal from?
Thanks H Richards - that does looks like the thread I probably saw previously.That's quite correct. This thread in fact started on the other thread discussing this.
Quick summary:
The majority of ATMs in Spain charge 5 euros a time. Several however only charge between 0 and 2 euros. A handful of banks don't charge anything. If you're very lucky your home bank might reimburse you for these fees, otherwise they're out of your own pocket.
DANG thats what I thought initially and now it looks like i have add a 3 with a zero to that number….Monzo useless for camino as they limit fee-free withdrawals to 200 pounds a month, although respect to you if you do your camino on 7 euros a day
Yep, Charles Schwab works great for me, too!Since I suggested this idea for a thread on the ATM fees thread I figured that I should start it.
The best bank account that I know of in the US for travel is with Charles Schwab. There are no fees, and no minimum balance required. They refund all ATM fees world wide each month, even those charged by the ATMs bank.
Yes, setting up a Charles Schwab account and using it overseas for us USA citizens is a no brainer!Thanks for the info. I read this recommendation on an older post and just set up my account. It was simple and all done online.
You'd think it would be a no-brainer to have a link on the home page for "Emails we sent out with product information" and maybe get more people to sign up.I know what I know because I have been following developments online for 18 months. They send me e-mail news when appropriate.
I agree, their app and website is sparser. You do not get full content until you join.
Australia - I use Citibank debit card. When purchasing/transacting overseas, the only fee I pay is the atm fee (if the atm has one).
You'd think it would be a no-brainer to have a link on the home page for "Emails we sent out with product information" and maybe get more people to sign up.
ING refunds all ATM fees - regardless of what the atm charges. No "spread" on conversion fees, no commissions, no other fees.
The only requirements are that you deposit $1,000 per month (eg from salary or pension) and use the account a minimum of 5 times a month. You can link it to two high interest accounts and have money transferred into those automatically. This card has now become my everyday account.
I obtained an ING card last year before I left Australia for a three month trip. All my ATM fees and overseas transaction costs were all refunded. There were a couple of conditions, I had to transfer a minimum of $1000 to the account each month and had to use the account a minimum of 5 times during the month. Worked out well so still have it.
Also Australian - I use the Citibank debit card as well and I can attest that it works really well. And customer service is good. Have used it on Africa, Sri Lanka and in various countries in Asia. Intend to use for CAminoAustralia - I use Citibank debit card. When purchasing/transacting overseas, the only fee I pay is the atm fee (if the atm has one). No other fees (no bank fees, conversion fees, transaction fees etc). It also has 3 sub-accounts so you can organise your money easily. I keep $2000 in it, in general, so when I go overseas (about 2x/year, one of which is usually a camino) I don't have to think about organising money and can do online transfers from my normal bank accounts while I'm travelling if I need a top up. Works really well.
If you meet the terms described, ING refunds all fees including the ATM operators fees. Good debit card. Used card in India, Spain, Portugal and UK. Also refunds fees when buying online from overseas merchants.I obtained an ING card last year before I left Australia for a three month trip. All my ATM fees and overseas transaction costs were all refunded. There were a couple of conditions, I had to transfer a minimum of $1000 to the account each month and had to use the account a minimum of 5 times during the month. Worked out well so still have it.
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