Originally Posted by
milepig
For anyone who already read this response, I was incorrect. This is, I believe, the current status. For ATM withdrawals in Europe from ANY machine - Citbank or not - you have the current conversion rate plus a 1% surcharge. This is from the Citibank website:
If you use your ATM/Debit Card to get cash in the local currency at any ATM—Citibank or non-Citibank—then there is a foreign exchange fee that totals 1% of the transaction, in U.S. dollars. For example, if you withdrew 100 Euros at an ATM in Italy, and the value in USD was $125, then the 1% fee would be $1.25. This exchange fee is also applied when you use your ATM/Debit Card to make purchases overseas.
This is a recent change, hence my confusion. So, apparently you no longer need to seek out a Citibank ATM, can anyone confirm this?
Getting out cash and using it for purchases would seem to be the better way to go, since you'll get hit with a 3% charge on CC purchases.
I can confirm this! Good job^ Now I know why I was charged and how much. 1% is good - I can live with it. Another bank charge me 3% more or less for the same amount.
Used Citi ATM card in Buenos Aires at Bank Galicia and
was charged exactly 1%. BTW, at the Citi Bank next door I didn't get money out of the ATM nor at the counter "..we are Citi Bank Argentina .. nothing to do with Citi Bank USA ..."?!? ... same logo, same color all the same ....