ATMs and debit cards
Dec 31st, 2006, 05:40 PM
#21
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hester--USAA is/has changed that policy. It used to be that you had to have the military connection for the insurance, but anyone could use the banking division. Not anymore. For some reason, I think today is the deadline. Anyway, USAA is a fantastic company and anyone who has the option should look into it. I have been covered by USAA my entire life (parents and then DH all military) and we have always had great service. BTW, our DD has the debit card too
Jan 1st, 2007, 09:35 AM
#23
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From another similar thread just above this one:
Author: Jan_Tony
Date: 01/01/2007, 08:06 am
Our Citibank Mastercard charges 1% on foreign transactions. If we buy 100 Euros = $128.00 a fee of $1.28 is charged. No debit card fees for exchanging dollars to Euros since Citibank has ATM's all over Europe.
Jan then went on to say when asked that if you use the card at a NON Citbank ATM there is a $2 fee.
Author: Jan_Tony
Date: 01/01/2007, 08:06 am
Our Citibank Mastercard charges 1% on foreign transactions. If we buy 100 Euros = $128.00 a fee of $1.28 is charged. No debit card fees for exchanging dollars to Euros since Citibank has ATM's all over Europe.
Jan then went on to say when asked that if you use the card at a NON Citbank ATM there is a $2 fee.
Jan 1st, 2007, 09:46 AM
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On our recent trip to England and Spain we made several withdrawals from different banks there. The banks in Spain each charged us a small fee for using their ATMs while the ones in England did not. What made it worse is that each transaction was listed as two withdrawals, one for the money we received and the other for the ATM fee. Our credit union then charged us an additional $1.25 fee for each withdrawal.
Jan 1st, 2007, 09:59 AM
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NotMe, I think you may be mistaken. Last I knew it is illegal for any bank in Europe to charge for the use of a foreign ATM card in one of their machines. If a charge was added it was done by YOUR bank/credit union.
Someone correct me if there has been a new or recent change to that policy.
I suspect what you saw was a line that showed the charge for the currency "exhange" -- probably one percent that is levied by Master Card or Visa (whoever has your debit/ATM card) or by your bank. Then your credit union added a flat fee in addition. But it was not the bank in Spain that charged you the fee.
Someone correct me if there has been a new or recent change to that policy.
I suspect what you saw was a line that showed the charge for the currency "exhange" -- probably one percent that is levied by Master Card or Visa (whoever has your debit/ATM card) or by your bank. Then your credit union added a flat fee in addition. But it was not the bank in Spain that charged you the fee.
Jan 1st, 2007, 10:38 AM
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NeoPatrick
Thanks for clearing that up. The fee was 1% of the amount withdrawn. I guess it was from Visa as that is what is on my ATM card. However, I'm still confused as to why it only showed up on the transactions in Spain and not on the two withdrawals I made in the UK. Also, its still a bummer that my CU charged me a fee for each withdrawal even though it was really on one transaction.
Thanks for clearing that up. The fee was 1% of the amount withdrawn. I guess it was from Visa as that is what is on my ATM card. However, I'm still confused as to why it only showed up on the transactions in Spain and not on the two withdrawals I made in the UK. Also, its still a bummer that my CU charged me a fee for each withdrawal even though it was really on one transaction.
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