You might remember being asked, “Would you like that to be charged in U.S. You can expect to pay a flat fee of $3 for any out-of-network and foreign ATM transactions at TD Bank. *This number assumes no other fees are being imposed by the operating foreign ATM - keep in mind, most foreign ATM's will charge an additional fee of their own. So, in total, BofA's foreign fees added up to $6.80*. That means, if you need to withdraw, say, $60 in cash, BofA will also charge you an additional $1.80 (that's 3% of $60). On top of the $5 foreign ATM withdrawal fee, BofA also imposes an additional 3% foreign transaction fee. Let's say you are a Bank of America checking customer, traveling to Italy on vacation, and need to withdraw some cash from an Italian ATM.īofA will charge you a flat rate of $5 just for simply using a foreign ATM, regardless of the amount you are trying to withdraw. To better understand foreign transaction fees, consider this example: In fact, TD Bank does not charge a foreign transaction fee on the total amount that is withdrawn. Just as you are charged a fee for exchanging money when traveling internationally, the same thing is applied to transactions at foreign ATMs.Īt the top 10 banks in America, the foreign transaction fee is three percent - except at TD Bank. In general, banks charge about double for foreign ATM transactions versus out-of-network ATMs. Bank, Capital One and TD Bank, the cost of withdrawing money at an out-of-network ATM can cost just as much as a foreign ATM withdrawal. On the other hand, Capital One is only charging customers $2 - which is the lowest fee charged by a bank for this type of transaction.Īt Citibank, U.S. Keep in mind that in addition to the fees that your banks may charge, you may also have to pay for any fee charged by the foreign ATM operator when you withdraw cash.Īccording to a banking analysis by MyBankTracker, the average fee for withdrawing money from a foreign ATM at the ten biggest banks in America was $4 - that’s 30 cents more from last year’s average of $3.70.Ĭurrently, the highest foreign withdrawal fee is $5. It is not necessarily the cost of transfers and inquiries performed at the ATMs, which may be less than the fee posted above, or it could also be free.įor example, at Chase Bank, the cost of a withdrawal at a foreign ATM is $5 per transaction, while any transfers or inquiries will cost $2.50. These costs are reflective of withdrawals at out-of-network foreign ATMs for local currency. banks: Foreign ATM Fees at the Top 10 Banks BankĢ% in USD or 3% in international currency Here are the foreign ATM fee and foreign transaction fee charged by the ten largest U.S. This might change after you realize how expensive it is to withdraw money from a foreign ATM. This is a feeling that is all too common for those who have traveled abroad, and since it’s not a fee that you have to pay for on the regular, many banking consumers accept it without much of a fight. Whether your credit card gets declined or you realize the restaurant you walked into only accepts cash, even the most well-prepared traveler can run into issues where they need cash - quickly! Comprehensive Coverage Options Ways to Lock in Lower Homeowners Insurance Premiums How to Choose the Right Life Insurance Policy Compare the Different Types of Health Insurance Plans Popular Reviews Progressive GEICO State Farm AIG Allstate Banking Best Products Best Savings Accounts Best Checking Accounts Best CD Rates Best Money Market Accounts Best Business Checking Accounts Best Student Checking Accounts Calculate Checking Accounts 101 Emergency Savings Calculator Compare CD Rates Checking Accounts Personal Loans Best Products Best Personal Loans Best Debt Consolidation Loans Best Home Improvement Loans Best Medical Expenses Loans Calculators & Guides Personal Loans Calculator Guide to Personal Loans Guide to Refinancing Student Loans How to Consolidate Credit Card Debt Popular Reviews Upstart Payoff Sofi Lending Club Investing Best Products Where to Invest Money Best Brokerages Best Robo Advisors Read & Learn Investing 101 How to Buy First Stock How to Invest in Mutual Funds How to Pick a Financial Advisor How Much to Save for Retirement Popular Reviews Betterment Merill Edge Wealthfront Insurance Best Products Best Auto Insurance Best Home Insurance Best Life Insurance Best Health Insurance Read & Learn Figure Out How Much Auto Coverage You Need Collision vs.
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