UOB & Kasikorn
 

Government Savings Bank (GSB) and AEON are the only ATM's still not charging this fee.

Follow the discussion here: http://www.flyertalk.com/forum/thail...il-17-a-7.html

i do not believe this is correct.
in my many hundreds of international transactions on the schwab invest first visa and all of my head to head comparisons of my schwab invest first visa vs my capital one no hassles cash visa vs my citibank chairman amex, schwab has never passed on the 1% visa network fee on any of my foreign charges.

The 1% Visa fee is Schwab's official language.

If you read the very next sentence of my post, I said this:
<<the rates are very competitve and the difference when comparing with historical rates after the fact, were all below 1% >>
In my randomly picked a few dozens comparison with historical rates, among hundreds of charges, the rates were all slightly HIGHER than the average interbank rates found on reporting sites such as XE or Oneda. However, it seems to be always less than 1%, more like between 0.04 to 0.06 range. There is definitely some pass-along charge, but not up to the 1% as Schwab official line says.

Where is the 1% Visa fee in "Schwab's official language"? I've certainly never seen it!

As for comparisons, I sometimes get rates slightly worse for Schwab than XE, but also often the opposite, with Schwab's rates slightly more favorable than XE's.

I'm quoting and replying to a 3-year-old post in this thread to see if this situation has changed. I'm leaving for Aruba tomorrow and wondering what credit card I should use, or if it's better to use cash (I'm going there for a poker tournament so I'll have plenty of dollars).

Everywhere touristy in Aruba (hotels, restaurants at least) pretty much just deals in dollars. In the past CC transactions have showed up in dollars and have not had extra conversion fees added, but I feel like I've heard vague tidings that that may have changed.

I have a Cap1 NoHassle MC, A USBank FlexPerks Visa, a SPG Amex and a Delta Amex, plus a couple of Chase, citi and Barclays cards I never use.

Is the Cap1 card still the one to use overseas? And in a place like Aruba where almost everything is charged in US Dollars, does it matter?

thanks...

Been using an eTrade ATM card and they've been reimbursing any ATM fees.

So I withdrew 20 Euro in Malaga, Spain. Forget the name of the bank whose ATM I used but they had a disclaimer about a $3 or 3 Euro ATM fee.

Didn't think anything of it.

But eTrade says they don't reimburse international ATM fees. Could have sworn that they did.

Anyone else use eTrade ATM cards?

The Spanish bank didn't separate out the ATM fee in the transaction. It shows as one sum in my eTrade account.

I ran into an effort to charge me three Euros for an ATM withdrawal at BCN in August. I canceled the transaction and went to the next ATM in the line. No charge. :D

Guess if you think your bank is paying the fee you can get careless. :(

Cap1 is still good in terms of fees, but their customer service is downright terrible, so bring a couple others as backup just in case.

Yes, it matters even if the charges are in USD, since some banks (like Citi and BofA) are now charging 3% fees even for USD purchases if they're billed overseas. I actually had a fight with Citi recently when I was charged 3% for making a reservation at a bowling alley in NYC because the bowling alley happened to use a Danish payment processor for their website. Citi eventually made things right, but it's becoming a big issue.

AFAIK Amex still doesn't charge for USD purchases overseas, so I'd probably pull out the SPG Amex for USD purchases and the Cap1 for anything in a foreign currency.

Cool, thanks. I doubt there will be anything I charge to a credit card that's actually charged in Aruban Florins, so I'll use the SPG Amex when I can ... unless anyone ckimes in and says they actually have started charging the fee.

Any idea on whether USBank Visa has made the change? I'm guessing some places won't take Amex.

thanks for the reply,
-huge

Be aware that for many cards, it is no longer a ''foreign exchange fee'' but now a ''foreign transaction fee'' and so they pop you for 1-3% even if the overseas transaction is in US dollars.

I even had Wachovia charge me 3% for using the ATM at the US Embassy here that dispenses funds in US$. Embassy ATMS, as well as those on military bases overseas, are supposed to be exempt from such fees.

My two ATM cards from a couple of credit unions, are now the only ones I would think of putting in an overseas ATM.

Please stop posting incorrect information on here. You confuse people.

directly from the schwab website as of NOW:
No cash back limits. No minimums. No annual fee.

* There’s no limit on the cash back you can earn.
* No minimum monthly purchase amount.
* And no annual fee or foreign exchange transaction fees.1
* Get a competitive variable Annual Percentage Rate (APR) on purchases, currently 13.24%.1

1 refers to the terms and conditions of which there is no mention of a foreign exchange or transaction fee.

PLEASE STOP POSTING INCORRECT INFORMATION

I just made my first debit purchase this morning with my "Investor Checking" card from Schwab. £10 at the tube station.

Right now xe.com says "10.00 GBP = 15.9383 USD"

Schwab charged me $15.93.

Nice one!

I have an Etrade USA account and LIVE overseas. They always reimburse my ATM fees-- everywhere. I use it once a week overseas. Never had a problem.

Anyone using USAA debit card for ATM withdrawals, especially in Sweden?
 

I'll be in Stockholm for about a week in a month's time, and I'd like to plan now which credit and/or debit cards to use.

I've prepaid my hotel stay but will surely have lots of meal, museum, and other incidental expenses.

I've been thinking to use mostly debit card(s) to make cash withdrawals. I have debit cards from Chase, USAA and Bank of America, and credit cards from B of A, USAA, and Amex. No Capital One or Schwab cards, and I'd rather not add to my already large collection just for this trip.

If I understand what USAA says correctly, the total charge will be 1% if I use their debit card, plus a possible fee from the ATM owner.

Can anyone verify this?

Also, is anyone familiar with ATM fees in Stockholm?

Thanks,

R.

Our wiki also says 1% for USAA overseas ATM withdrawals, and it says USAA reimburses ATM fees as well. I'm not sure when the USAA info was last updated on the wiki, but USAA has historically had very customer-friendly policies, so I'd be surprised if that was incorrect.

I have no personal experience with either USAA or Sweden, but if you encounter ATMs with fees be sure and keep the receipts. Overseas ATM fees sometimes get lumped in with the total withdrawal amount, so USAA may not reimburse the fee automatically (assuming of course that your account includes ATM fee reimbursement). If, however, you have the receipt showing the fee, you can probably get them to credit your account manually.