Originally Posted by
ft101
I wasn't referring to ATM fees or other banks' fees.
Banks typically charge 2 or 3% loading on any foreign currency transaction. I understand Logix charges 1.1% so this fee is what would stop most from using it overseas.
Provided the ATM has a VISA /mastercard symbol. Mine does have MC symbol so I walked into the local branch and exchanged it with a 100% ATM card only which doesn't have any charge whatsoever. It is MasterCard charging the 1.1% fee. Plus I also got the Premier MC credit card from them and its has no international fees. I was approved for 10K and CC issued immediately at the bank. For platinum any fees charged by Mastercard is reimbursed by Logix.