Some info from the wiki about ATMs, I linked to in a previous post. In addition, at least one credit card issuer absorbs the 1% Visa fee on transactions in foreign currency.
Oliver
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If you want to use your ATM card overseas, first you have to make sure it has a Visa, Mastercard, Cirrus, or Plus logo on it. Most other ATM networks (NYCE, Star, MAC, Shazam, etc.) are regional and will not work across the globe. For a complete list of interbank networks, visit Interbank network - Wikipedia, the free encyclopedia- Note that the ATM card doesn't need to be a Visa/MC debit card. You may find Visa/MC debit cards more widely accepted at ATMs than Cirrus/Plus, but you may be more likely to avoid the US Visa/MC 1% racket by using a Cirrus/Plus card without a Visa/MC logo.
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When using an overseas ATM with a US-issued card, you will likely get hit with a fee by your OWN bank if it's a big national bank. Citi, Chase, Wells Fargo, Bank of America, Wachovia, etc. all typically charge their customers $1-10 for each non-affiliated foreign ATM transaction (in addition to any Visa/MC 1% conversion fee). Some premium customers might be exempted from those fees, but check with your bank. Many smaller regional and internet-based banks do not charge anything for foreign ATM withdrawals. See the List below for examples.
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