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In civilized countries, we don't pay to withdraw money from an ATM, regardless of which bank we have have. (I would really like to know how that business model
by henrikschroder 17y ago
In civilized countries, we don't pay to withdraw money from an ATM, regardless of which bank we have have.
(I would really like to know how that business model works though, if the banks just soak it, or if local businesses can pay a bank to get one)
- dagw 17y agoWe do when we are in a different civilized country than the one that issued the bank card.
- furyg3 17y agoIn NL this isn't the case. I popped over to Belgium yesterday, took out €50 from a Fortis ATM (my bank is ABN Amro), no charge. I was in Istanbul for New Years, using HSBC's ATMS, no charge. When I go back 'home' to visit family (the US), ABN Amro charges me no fees for taking out money at local ATMs. The ATMs themselves (rudely) may charge a fee, but last time I was there there were still some ATMs that had no fees.
- henrikschroder 17y agoI don't pay a fixed fee for making withdrawals in other countries or other currencies, but I pay a slightly higher than average percentage in exchange fees for withdrawals in other currencies. It probably evens out in the end as compared to a fixed fee, but it's nice to be able to make small withdrawals abroad without worry.