And when we go on holiday anywhere, we are sure to go abroad to consider the most suitable combination of cash and other means of payment. We do not have to damage the amount of money with you in the currency of foreign currency and give money to improve the feeling of security and spread the potential risk of losing all cash in the form of travel cards and payment cards.
Today, it is definitely not a big problem to withdraw cash abroad, we are often forced to use payment cards in the first way by unpleasant circumstances (for example, if the cash is stolen). However, due to the cost, he will be charged for the collection, it is better to choose the payment card abroad to make an exchange and take the option of collection abroad as a reserve or some kind of supplement. And of course, if that’s possible, you’d better pay with a card.
As for the fee for withdrawals from ATMs abroad, there is a relatively well-known difference between debit and credit cards – as well as with withdrawals from ATMs to the country R bv and with credit card dra, which is not appropriate to take into account. You can also use the service in case of emergency Cash Advance – ie cash withdrawal with a bank and exchange card. Due to the fees, this option should really be in the last place.
How much are you esk bank
We have become accustomed to the fact that banks want us to differentiate the types of fees, so the fee for withdrawals made at another bank’s ATM and going to it is not surprising to anyone abroad. Its existence is at the bottom of the so-called interchange fee, ie fees that banks pay each other, and it is surprising how much the fees of individual banks can differ from each other.
An exception is made by Volksbank CZ with its Holiday Card. The main advantage of the Holiday card is the withdrawal fee made at any ATM abroad, including outside Volksbank, in just 29 K. If you decide to withdraw cash at a foreign ATM and the reason for this is the case, you should keep in mind that this transactions vs will nco stt. Most banks stipulate at least the selected fee, its final value then depends on the amount that we actually withdraw from the ATM in cash.
Tab .: Overview of fees for cash withdrawal by debit card from an ATM abroad
|Bank||Fee -% of selected|
|Komern bank||1%, min. 100 K|
|GE Money Bank||0,5% + 100 K|
|Raiffeisenbank||1%, min. 125 K|
|eBanka||1.5%, min. 140 K|
|BAWAG Bank||2.5%, min. 80 K|
|Volksbank||75 K + 0,5%|
|29 K *|
|UNDER||80 K + 0,5%|
|5 K **|
|Oberbank AG||80 K + 0,5%|
|PPF Banka||80 K + 0,5%|
|Potovn spoitelna||80 K + 0,5%|
|5 K **|
|WSPK||80 K + 0,5%|
|5 K ***|
|Citibank||100 K + 0,5%|
|esk spoitelna||100 K + 0,5%|
|25 K + 0,5% ****|
|HVB Bank||100 K + 0,5%|
|ivnostensk bank||105 K + 0,5%|
* Holiday Card, payment for the evening of collection at ATMs abroad
** SOB ATMs in R and Slovakia
*** SOB and WSPK ATMs in R and Slovakia
**** Erste Group ATMs – Austria, Slovakia, Croatia and Hungary
Source: banks, as of June 30, 2006
The transaction abroad is converted by the exchange rate of the VISA and Mastercard associations from the transaction currency to the settlement currency VISA – USD, Mastercard – EUR. From this settlement currency (USD and EUR) the exchange rate is the foreign exchange sale of the bank (eg transactions in EUR and kept in CZK) valid on the day of processing the transaction. If a transaction is made abroad in the currency conducted here, then no conversion will take place.
The payment card, as is generally known, can be stated in two basic ways: the first is to withdraw cash at ATMs, the second is the possibility of paying for goods and services directly at the merchant who accepts our card. People in western Europe pay more than with payment cards. This is a much more interesting variant of fees, or payment by card at a retailer is usually not charged by banks, unlike those mentioned in it, or from an ATM (both at home and abroad).