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Dusty Bin | 21:55 Wed 11th Jul 2007 | Business & Finance
4 Answers
Credit card companies charge commission on cash withdrawals made from ATMs abroad.

Does this also apply to withdrawals using debit cards?
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Avatar Image CheekyChops
With most Banks it does yes. Nationwide don't charge, I'm not sure about any others you would need to check with your Bank.
22:16 Wed 11th Jul 2007
Avatar Image Ethel
Nationwide debit card and credit card are the very best to use abroad.

Excellent independent report here:
http://www.moneysavingexpert.com/cards/cheaper -spending-overseas
23:33 Wed 11th Jul 2007
Avatar Image auzzie
Usually drawing cash on a credit card amounts to a loan and you will be charged interest as well as a cash handling fee from the credit card company. If you draw out cash with a debit card it is usually from your own account and does not attract charges unless the machine charges you. There are plenty of machines that don't, just try a few.
20:38 Thu 12th Jul 2007
Avatar Image dzug
Aussie - using a debit card overseas DOES attract charges of at least 2.75% on the exchange rate and sometimes an additional fee as well - levied by your bank, not the ATM owner. If he does charge (rare if it's at a bank) you pay that as well.

Nationwide AFAIK is unique in not levying these charges
22:26 Thu 12th Jul 2007

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