ATMs abroad..

"Paul O" <someonem> wrote in message
news:3fce6caf$0$13681$afc38c87@news.optusnet.com.a u...
> Generally (never been to India, but assume general principles will apply)
> the only fee you pay is levied by YOUR bank (unless you use a 'private'
ATM
> in the USA, Australia or Canada.....). It varies - and your bank will tell
> you just how much it is. The exchange rate you get is the wholesale
> interbank rate for the day - AND a charge of about 1% to 2% is applied as
> commission. I no longer take TC's at all - just three different ATM cards
> and a reserve of USD in cash. TC's involve commission (1% in Australia) on
> purchase; often commission on encashment; and always bureaucratic delays -
> sometimes of Homeric proportions. The downside of relying on plastic is
the
> risk of loss or theft of your card - two of us - three cards each
minimises
> that!!

Wow, that's quite a bit of safety built in. We usually take ATM cards from
2 different banks. Each person carries a different one.

>
>
> "SD" <siddharthgdalal@COLDmail.com> wrote in message
> news:bqllks$psi$1@murdoch.acc.Virginia.EDU...
> > Is anyone aware if there are any fees other than bank transaction fees
> > to withdraw money from ATMs abroad. I'm in the US and planning on making
> > a few withdrawals in India.
> >
> > I checked the ATM locators and found that there are a lot of Cirrus ATMs
> > all over Bombay where I will be and Citibank (who I bank with here) has
> > a few right near where I stay.
> >
> > It seems extremely convenient (as compared to TCs / cash) as a way to
> > withdraw money straight from my bank account. Are there any drawbacks,
> > extra fees, things I should think about when comparing with TCs or cash?
> >
> > TIA for any help
> > SD
> >
>
>

Cards: Amex, Visa and cashcard - all with ATM affiliation!! Not too much in
USD cash. Keep the equivalent of $300 between us in local cash too.

"Peter L" <peterl68@m> wrote in message
news:bqlr2e$23hbn0$1@ID-110472.news.uni-berlin.de...
>
> "Paul O" <someonem> wrote in message
> news:3fce6caf$0$13681$afc38c87@news.optusnet.com.a u...
> > Generally (never been to India, but assume general principles will
apply)
> > the only fee you pay is levied by YOUR bank (unless you use a 'private'
> ATM
> > in the USA, Australia or Canada.....). It varies - and your bank will
tell
> > you just how much it is. The exchange rate you get is the wholesale
> > interbank rate for the day - AND a charge of about 1% to 2% is applied
as
> > commission. I no longer take TC's at all - just three different ATM
cards
> > and a reserve of USD in cash. TC's involve commission (1% in Australia)
on
> > purchase; often commission on encashment; and always bureaucratic
delays -
> > sometimes of Homeric proportions. The downside of relying on plastic is
> the
> > risk of loss or theft of your card - two of us - three cards each
> minimises
> > that!!
>
> Wow, that's quite a bit of safety built in. We usually take ATM cards
from
> 2 different banks. Each person carries a different one.
>
> >
> >
> > "SD" <siddharthgdalal@COLDmail.com> wrote in message
> > news:bqllks$psi$1@murdoch.acc.Virginia.EDU...
> > > Is anyone aware if there are any fees other than bank transaction fees
> > > to withdraw money from ATMs abroad. I'm in the US and planning on
making
> > > a few withdrawals in India.
> > >
> > > I checked the ATM locators and found that there are a lot of Cirrus
ATMs
> > > all over Bombay where I will be and Citibank (who I bank with here)
has
> > > a few right near where I stay.
> > >
> > > It seems extremely convenient (as compared to TCs / cash) as a way to
> > > withdraw money straight from my bank account. Are there any drawbacks,
> > > extra fees, things I should think about when comparing with TCs or
cash?
> > >
> > > TIA for any help
> > > SD
> > >
> >
> >
>
>