How To Avoid ATM Fees Abroad?
If you are travelling abroad then you don't wanna miss this!
When you travel outside of
your country or if you simply are living in one country and your bank is in another country. Then the most painful things you see in your statement other then monthly or annual charges is the little fees like ATM charges! but don't consider those charges little because some bank are butchers in the field of fees! I have some pretty neat solutions which you can use to avoid the ATM fees abroad!
Some banks or card issuers are so unreliable that when you withdraw 20$ from your ATM they charge you 10$ for the withdraw. Which is like 10$ more. They even try to scam you by adding other fees like currency exchange and international usage fees!
Some banks or card issuers are so unreliable that when you withdraw 20$ from your ATM they charge you 10$ for the withdraw. Which is like 10$ more. They even try to scam you by adding other fees like currency exchange and international usage fees!
These charges are not only for those who are visiting abroad. You can also feel the pain of these excessive charges when you order or get a card that is of another country. Example is Payoneer!
Payoneer is a good service for those who are working for abroad and want to get payments from U.S.A or ACH payments or if you are a freelancer. You can connect your card to PayPal or even can receive Payments from other part of the world! but the fees they charge on ATM withdraw is 3.15$+bank fees+Exchange Fees Which is still a good fee but what if i tell you that you can avoid the ATM fees or any other fees.
These are the steps to ensure that you can avoid fees at any cost
Investigate About Your Bank Fees!
Don't be lazy get off and get going. Before visiting abroad or using the card first consult your bank for ATM fees abroad.
You can do this online because many banks now offer live support if you are still in your country then the best thing to do is to consult your bank and also ask them about the country you are visiting and branches that are affiliated with your bank and that offer low ATM fees or no Fees. If your bank is charging too much for simple ATM withdraw then you can get a card from other bank or from online which is prepaid and which offers low international withdraw rate.
These days you can get a card online and to your home or work address without any extra fees. Don't buy Visa gift cards because they are useless outside their territories though many offer international usage.
After getting the complete fees schedule compare the best prices and options when travelling abroad.
Don't Use ATM First!
Most people when visiting abroad their first goal is to visit the ATM for getting the currency of the country! or if they wanna buy something then they run towards ATM machines!
Why run towards ATM first? why not just get extra cash from Money Exchangers in your own country? Get to the money exchanger and get money easily. Don't carry too much just for the Taxi or small things. Avoid running towards the ATM machine and carry extra cash since you can book every thing else.
Why Not Use P.O.S Machines?
Why not simply use the P.O.S machine? Most of the stores around the world offer simple P.O.S machine where you can purchase with a simple swipe of card and there is not fees charged. Where most cards charge for P.O.S payment or purchase fees is charged some cards like Payoneer don't charge a cent for purchasing products from Stores in other countries!
But keep in mind when going out to purchase try to choose stores which don't charge you Sales tax or else you will be damned by the same fees like ATM.
Fees Free ATM:-
Fees free ATMs can be searched on the website of its issuer like Visa or MasterCard. They tell you every info like where you can search the nearest ATM and is it 24 hour/Handicap accessed/Chip and Fees or no fees.
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