Originally Posted by
upgrader
Thanks, stimpy. So the Wells Fargo rate I would get on using my debit card for an ATM withdrawal would be whatever the Wells Fargo conversion rate is at that time plus the $5 charge? Any reason to think that this conversion rate would be any different from the conversion rate being used by other USA banks? I guess I'm just trying to figure out if my Wells Fargo debit card at an airport ATM is the best way to go in getting India rupees once I arrive in Delhi. Seems like it would the best since the only extra charge is the $5 fee, unless Wells Fargo articifically inflates it's foreign conversion rate to make up for the absence of a percentage fee for each use of its debit card at foreign ATMs? Am I correct or am I misunderstanding something I should consider in figuring out how to best convert USA money to India rupees?
The rate wells uses is the same as all the other banks, (no padding on the exchange rate) besides the $5 withdraw charge. Should be noted I have had trouble taking money out of a wells account in Japan (7-11 atm), when my citi card worked fine. I have had good luck all over europe (ING, citi, HSBC) and south america (citi, hsbc). Sometimes depending on the bank the withdraw limit is low, making the 3% fee citi charges me cheaper than wells $5.