Originally Posted by
Blueskyheaven
My Chase bank wasn't able to get about $200 worth of Korean won for me on time. They will get it only when I am gone and than deposit back to my account from their exchange rate. I will lose at least $30 on this.
I will have to use ATM in Seoul. Does the ATM exchange rate is same as bank or they give you less and ATM fee is how much? Do the ATMs accept Amex? I will take my Amex bluebird or Serve prepaid card with me. Thanks for any info
I believe Chase, like Bank of America, will charge you $5 flat fee + a 3% fee on your total withdrawn on ATM machine. So expect to pay about a $11 total fee on your $200 US worth of Korean Won.
I don't know if it is wise to use a credit card on an ATM. It would be considered as cash advance I believe. You will have to check your Amex card to see what kind of fee and interest rate they charges for cash advance.