Cryptocurrency Q&A How can I avoid foreign transaction fees at ATM?

How can I avoid foreign transaction fees at ATM?

HanbokGlamourQueenElegance HanbokGlamourQueenElegance Mon Oct 14 2024 | 6 answers 1360
I'm trying to figure out how to withdraw cash from an ATM in a foreign country without getting charged extra fees. I've heard about foreign transaction fees and I'm wondering if there's a way to avoid them. How can I avoid foreign transaction fees at ATM?

6 answers

Riccardo Riccardo Wed Oct 16 2024
Further enhancing your savings, consider a bank that reimburses ATM fees. Some financial institutions offer this service, effectively refunding any ATM fees charged by other banks. This can be a significant advantage, especially if you're planning to withdraw cash from multiple locations during your trip.

Was this helpful?

170
88
Chiara Chiara Wed Oct 16 2024
To minimize fees even further, utilize your bank network's ATMs or those of its partners. These machines are more likely to offer fee-free transactions, allowing you to access your funds without any additional costs.

Was this helpful?

183
58
CryptoAce CryptoAce Wed Oct 16 2024
When making purchases, it's advisable to pay in the local currency. By doing so, you avoid dynamic currency conversion fees, which can be imposed by some merchants and can significantly increase the cost of your transaction.

Was this helpful?

240
61
KimchiChic KimchiChic Wed Oct 16 2024
To optimize your financial management while traveling, opting for a travel credit card is a wise choice. This card often comes with benefits tailored for travelers, such as no foreign transaction fees and competitive exchange rates, ensuring you keep more of your hard-earned money.

Was this helpful?

375
82
Lucia Lucia Wed Oct 16 2024
To limit ATM usage and its associated fees, plan your cash withdrawals carefully. Withdraw larger amounts in fewer transactions to reduce the number of times you need to visit an ATM. Additionally, consider using your debit card to get cash back at stores, as this can be a fee-free alternative in some cases.

Was this helpful?

53
75
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts