Originally Posted by
sdsearch
I understand all that. I just don't understand the signficance of that to ATM fees.
If this thread was "getting cash oversaes", I'd think it was quite on-tiopic.
But this thread is about figuring out ATM debit card fees overseas*, and I don't see the signfacnce of credit card cash advances to that.
*The thread started being about a list of ATM fees by country, but the fact is there cannot be such a list, because it's much more dependent on the banks (your bank and the bank whose ATM you're using). Whether you get also get fee from the bank you're withdrawing from depends more on the bank than on the country.
For example, no matter which country I go to in Europe, I tend to see DeutcheBank ATMs, ING ATMs, etc! My experiences at these ATMs correlate to the bank, not the country I'm encountering the ATM in.
Relax! The poster posted his experiences on the C/A just to show to trev that the exchange rate from ATM withdrawal is far superior than getting money from the bank counter - because trev naively thinks he could avoid ATM fee by going directly to the bank counter... It is an off topic but not that terribly so. If one has to be a purist on all threads on FT, one would MISS tons of valuable nformation which often are found in off-topic posts!
As far as the banks versus countries - I believe countries can play a role as well when you think about the country's banking regulation - some may forbid charging a fee some may not.
I know recently BNP charges 1% fee on my ill-fortune ATM withdrawal (did not complete because the machine ate my card - but I could see the pending charge on the fee and the withdrew amount on my Fidelity cash management account.)