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The debit card of Berliner Sparkasse works that way (paying in shops and domestic, Sparkasse-owned ATM is free, taking out money abroad isn’t). However, you can
by claudius 11y ago
The debit card of Berliner Sparkasse works that way (paying in shops and domestic, Sparkasse-owned ATM is free, taking out money abroad isn’t). However, you can’t pay too much with that debit card outside Germany, so they have this “travel pack credit card” – taking out money with it abroad is free (if the ATM allows it), but using it otherwise still incurs a transaction fee.
- psykovsky 11y agoDon't forget the fee they take if your account and the money you withdraw are different currencies. ;)
- germanier 11y agoUsually such German cards use the Visa/Mastercard foreign exchange rate for ATM transactions (no extra fee) and POS transactions (plus currency conversion fee, but no additional fee for using abroad).
- manume 11y agoIn Sweden (and possible in other countries) the ATMs let you choose whether you want to let the ATM (or bank that the ATM belongs to) do the conversion from Euro to Swedish Kronor or your own bank. If you pick the latter option, your bank might charge you for the conversion, I never had the case that the Swedish bank charged for it.
- germanier 11y agoThis is known as "dynamic currency conversion" and gives you a much worse deal than letting them charge you in a foreign currency (even when your bank has high fees). The way they do it is by offering a really bad exchange rate. In fact, the Swedish bank charges you for that, it's just hidden in the exchange rate.
- manume 11y agoOh really? I never bothered to check the exchange rate. Good to know, I'll let my German bank do the conversion from now on!