Banks that do not charge foreign ATM fees
#1
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Banks that do not charge foreign ATM fees
Hello,
We are traveling to Europe for 3 weeks and will be using our Capital One credit card for most of our purchases. However, some of our hotels accept cash only. Washington Mutual will be charging 1% to withdraw funds from the ATM on top of the fees associated with the ATM we will be withdrawing money from.
Does anyone know of any banks that do not charge foreign ATM fees?
Thanks in advance!
~~Donna
We are traveling to Europe for 3 weeks and will be using our Capital One credit card for most of our purchases. However, some of our hotels accept cash only. Washington Mutual will be charging 1% to withdraw funds from the ATM on top of the fees associated with the ATM we will be withdrawing money from.
Does anyone know of any banks that do not charge foreign ATM fees?
Thanks in advance!
~~Donna
#5
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I just opened an account with Bank of America today for this very reason - they have a "Global ATM Alliance" with Barclays (UK), BNP Paribas (France) and Deutsche Bank (Germany) that don't charge a fee for withdrawing money from their ATMs.
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Assuming that you plan to withdraw cash from your checking, PNC Bank does not have a foreign ATM fee (and if you maintain a > $2000 monthly balance in your checking account they refund all ATM fees as well).
#12
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The 1% is all that Washington Mutual is charging now also. I think the real issue for the OP is the actual ATM fees. The only way to get around that is to use a bank that has a relationship with a European bank. Washington Mutual doesn't have any.
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Bank of America does not charge a fee, however Deutsche Bank does. Went all over Italy in April, used Deutsche and came home to transacation fees (Euro 2.00) for each one. I mentioned the "Global Alliance" policy at the branch. The EU banks charge a fee. I guess it's better then a double hit.
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Thanks for those who responded. I contacted Bank of America, and they do in fact charge a fee. They do have alliances, but we are traveling to 10 countries, and there are alliances in France and Germany only (of the countries we are traveling to).
Even with their alliances, there is a fee. I think I will take my 1% ATM fee with Washington Mutual, and use my Capital One credit card whenever possible.
Fortunately, Capital One does not charge any foreign fees for credit card purchases.
Thanks, Donna
Even with their alliances, there is a fee. I think I will take my 1% ATM fee with Washington Mutual, and use my Capital One credit card whenever possible.
Fortunately, Capital One does not charge any foreign fees for credit card purchases.
Thanks, Donna
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