Advice: Marked-up conversion rates at ATM terminals from companies like Euronet can take advantage of travelers who don’t read the fine print.
, a comparison site for tours and activities, says high ATM fees are a big concern for his customers.“In the last few years, we have seen the rise of ATMs that charge huge commissions,” he said.
Greg Grobmyer, a dentist from Tennessee, says he was stunned when he returned from a trip to Poland and found $100 in commissions and fees on his credit card bill. He had found a cash machine in Krakow after needing to settle a hotel bill. Although the exchange rate didn’t look great, he didn’t run the numbers before accepting his withdrawal.
Call your bank before you leave the country to find out what kind of out-of-network ATM fees it charges for overseas transactions. Some banks waive the fees or will credit you after you return to the United States. There are workarounds once you’re on the ground. Mine was to head to a bank ATM, which may give you a better exchange rate. However, it’s not a perfect solution: Halfway through the transaction, the machine asked whether I wanted to conduct the transaction in dollars or euros. As with credit cards, it’s best to conduct transactions in the local currency and let your bank do the conversion.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spain overtakes El Salvador to become third largest crypto ATM hubIn 2022 alone, Spain installed 43 crypto ATMs and has previously shared its intent to install over 100 ATMs by the end of the year.
Read more »
Republicans sue Google over ‘discriminatory’ spam filtering practicesThe RNC claims Google marked “millions” of its emails as spam.
Read more »
Two charged with shooting armored car guard, taking $140,000, may be linked to similar robberiesTwo men are facing federal charges in Monday's robbery in Harbor City, where a Loomis guard was ambushed after working on an ATM.
Read more »
Dogs strut their stuff at Tompkins Square Halloween Dog ParadeThis year marked the first time the parade was held in person since the COVID-19 pandemic began, following two years of parades held on Zoom.
Read more »
Saturday afternoon was warmer than average, but the morning was coolerCoolness and warmth marked a day one-third of the way between the equinox and the solstice.
Read more »
Wild fourth quarter puts UTSA past North Texas 31-27The Roadrunners' 10-yard touchdown pass with 15 seconds left marked the fifth lead change in the fourth quarter.
Read more »