That’s broadly still in the right ballpark re fees. For a UK debit card holder (me) most of the mains banks seem to be at €7 Euros. Sabadell seems to have increased though still one of the cheapest and when I last used DB they seem to be asking for a €4 fee.I found this chart last year. Can't remember the source. Hope it helps.
Buen Camino,
BartmanView attachment 168814
It completely depends on where you are coming from, many of us are not American - which makes Wise the best option for us, as @jungleboy said.Thanks jungle, but see CW’s post below for the best option.
I now have a card through the Charles Schwab organization. No cost checking account although they also make you open a brokerage account you don't have to fund it. ATM fees are refunded using the debit card. Just using it when I travel, but I notice they are also paying me some interest on the checking account.I heard someone paid a fee of 56euro to w/d 300euro. To those walking now, what are the best banks for low ATM fees?
I think that you're right.$56 on 300 sounds like the exchange rate, not the ATM fee.
Which bank was that at?It was me and it was an ATM fee.
I think that people are still providing useful information for other members, so we can leave it open for now.Thanks for all the input no matter where you hang your hat. I think the mods can close this string now.
DB was free (for UK cardholders and many other I think) ) until late last year. The last time I used them was Sept last year when a fee had been introduced!Deutsche bank charged €5 on €300 withdrawal using a Commonwealth bank travel card that was charged up in Euros..? Not free.
Yes can you clarify which bank do we can all avoid please. I have yet to find any Spanish bank that charges more than €7. I have found some that charge you around 15% mark up on currency conversion (though 8-10% seems more typical) so I can get to €300 *15% +€7 which is €52 so same ballpark but not as the fee alone…? Sorry not looking to doubt but never seen this anywhere world wide, evens standalone ATMs outside Casinos.Which bank was that at?
They were one of the cheapest up until 3 years ago (€2) but then jumped to €6-7. Bearing in mind that they charge a transaction fee rather than a percentage are we really saying make a €20 withdrawal would cost €76I hear it was Caixa. Bartman gave a good graphic and referred to an international app that is current. Good Travellin’!
That is a trap that many fall into - thinking that any given bank will just charge the published exchange rate. Which also varies depending on whether you are talking about the current floating rate or the current fixed rate. There are of course other variables.Except that puts the exchange rate at almost $1.20 to the euro. Which is a lot more than it is at the moment.
Yes, but most banks charge a fee for the exchange. Where I live the fee takes it to about $1.53 to the euro, about 20 cents more per euro than the actual exchange rate. The only place with worse rates is the local international airport.Except that puts the exchange rate at almost $1.20 to the euro. Which is a lot more than it is at the moment.
Blimey that’s heavy. Thought the EU to CAD rate was around 1.46 so thought you would get no less than 1-2 points off!Yes, but most banks charge a fee for the exchange. Where I live the fee takes it to about $1.53 to the euro, about 20 cents more per euro than the actual exchange rate. The only place with worse rates is the local international airport.
It makes better sense for me to change money when I land in the EU.
YMMV, but in general no bank proves the posted exchange rate... that rate is what the banks pay in currency trading.
Nope... totally *brutal*.Blimey that’s heavy. Thought the EU to CAD rate was around 1.46 so thought you would get no less than 1-2 points off!
For the Americans.Charles Schwab all the way!
I’m well aware of this, and my answer was based on OP’s location of Oregon.For the Americans.
Always, ALWAYS decline the "courtesy" conversion at ATMs and at cash registers. It only benefits the bank/vendor. I get an immediate notification when I withdraw money from my Schwab account, and the amount in US$ is always a few Euros less than what I was offered as "courtesy" when it asks if I want to use Euros or US$.Banks can (and do) charge what they wish. Naturally most wish to remain competitive, and so only charge a few points more than the published daily rate. However if you were simply withdrawing funds from a ATM, you are pretty much considered to be a captive audience shall we say. And independent ATMs often charge a small fortune.
Thanks again Bartman, Kuxtabank atm in pamplona 4/30/2024: no fee and $/euro = $1.07/1e. Use any valid bank card you already have.I found this chart last year. Can't remember the source. Hope it helps.
Buen Camino,
BartmanView attachment 168814
Was that the exchange rate or the ATM fee?Just got charged around 1% from ING ATM.
No exchange rate because I withdrew € from my multi currency account.Was that the exchange rate or the ATM fee?
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