Originally Posted by
seawolf
[...Moderator edit...]
The net effect is they are giving the impression people should avoid the Euronet ATM (and unnecessarily go out of the way to find another ATM) when it is entirely possible to get cash out by declining DCC. When declined, the rate will be identical to any other ATM not offering DCC as it VISA/MC will be doing conversion.
The withdrawal fee is disclosed as required by VISA/MC. If one has a fee-reimbursed account, then it is essentially avoided.
[...Moderator edit...] As for the point of the video — to me it seems that the Honest Guide is mostly warning about something people are accustomed to that doesn't hold true with the Euronet's ATM Cash & Balance button — that cancelling the transaction will result in no fees. Before I got a fee reimbursing debit card I would frequently "shop" ATMs in places like Greece, where bank ATMs still charge a fee (many European countries bank ATMs will not charge a fee) to find a cheaper one. I would go through the motions till I reach the screen where the fee was listed, then cancel — and I wouldn't be charged. In case of a Euronet ATM I would apparently get dinged as soon as I hit the Cash & Balance — not cool.