I'm planning to travel overseas and would like to know how much ATM fees are charged for withdrawing cash from my bank account abroad.
6 answers
Caterina
Sun Oct 13 2024
When it comes to international or transaction ATM fees, customers often face two types of charges. The first is a flat rate fee, which is typically charged as a one-time payment regardless of the amount withdrawn.
Luigia
Sun Oct 13 2024
The flat rate fee for international or transaction ATM withdrawals can vary, but it is often found to be within the range of 1 to 5 USD. This fee is straightforward and easy to calculate, providing customers with a clear understanding of the additional cost associated with their withdrawal.
Federico
Sat Oct 12 2024
Alternatively, customers may be charged a percentage fee based on the total amount withdrawn. This fee structure can be more complex, as the amount charged depends on the withdrawal amount.
EnchantedDreams
Sat Oct 12 2024
The percentage fee for international or transaction ATM withdrawals is generally between 1% and 3% of the total withdrawal amount. While this fee may seem small for small withdrawals, it can add up quickly for larger amounts.
Ilaria
Sat Oct 12 2024
It's important for customers to be aware of these fees before making an international or transaction ATM withdrawal. By doing so, they can plan their withdrawals accordingly and minimize the additional costs associated with them.