Originally Posted by
Happy
Fidelity's mySmartCash ATM card rep told me, to bypass the low daily limit of $500 a day ATM withdrawal, is to go to the bank to ask for a cash advance. The caveat is, the cash advance is subj to 1% network fee while the ATM withdrawal has no such fee.
I thought the ATM withdrawals are also subj to the 1% network fee.
This is a very good point. I've yet to figure out exactly what the forex fee or spread is for an ATM withdrawal and how it compares with a charge, whether for goods or cash advance since they are processed the same way through the VI/MC system.
Does anyone know?