Withdrawing Cash Overseas When You Travel – What To Look Out For & Withdrawal Fees

In addition to these charges, you might also have to pay charges imposed by the foreign bank, if any.Look for ATMs from your bank

As a general rule, if you withdraw money from the same bank your card is from, you do not have to pay withdrawal fees. That’s easier said than done though, as your destination might not have ATMs from your bank.Your bank might have partnerships with an overseas bank that enables cardmembers to withdraw cash for free overseas.

POSB and DBS cardholders can withdraw money for free from ATMS belonging to Australian banks in the Westpac group , while withdrawals from Bank of Central Asia and HDFC in India and Bank of Philippines Island in the Philippines attract a $2 fee rather than the usual $7.Citibank and CIMB ATM cards allow you to withdraw cash at overseas ATMs without having to pay any administrative fees.

Adjust your daily withdrawal limit ahead of time so you will be able to withdraw the sum you need, and be aware that some ATM machines will also have their own withdrawal limits.The post Withdrawing Cash Overseas When You Travel - What To Look Out For & Withdrawal Fees appeared first on the

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