Timeline for Where to convert USD to AUD for maximum benefit?
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jan 27, 2014 at 11:18 | comment | added | Phil | The fee is charged by the ATM owner to your bank, not to you. Whether your bank charges you anything is solely their choice. I have got a foreign visa card with that I can withdraw money for free from any major bank in Australia. 7-11s ATMs are the only ones I found that charged me an additional fee (which is beyond my banks control). | |
| Jan 24, 2014 at 9:12 | comment | added | Sam | I'm pretty sure banks in Australia do (unless it has changed recently), e.g. if I use a Westpac card in a CBA ATM, CBA will charge a fee. It is a fee levied by the ATM owner, not the bank the card belongs to. It is usually AUD$2.20 per transaction. I don't know if this applies to foreign cards, but I'd assume it does. I've also been charged similar fees in the US and Canada. | |
| Jan 24, 2014 at 5:11 | comment | added | Phil | This fee seems rather rare in most countries. Banks in Australia usually don't charge it, and neither do most ATMs at the airport. The ATMs in 7-11 will charge 2.50$ though. | |
| Jan 24, 2014 at 3:05 | comment | added | Sam | Don't forget the non-customer ATM fee the OP will likely be slapped with. Luckily they will be prompted to this on screen before proceeding (this is a legal requirement). I don't think I've ever seen an ATM for a global bank (e.g. Citibank, HSBC) at an airport. OP - I'd get some AUD at home before leaving, so you don't box yourself into a situation where you're forced to accept crazy fees/rates because you desperately need cash. | |
| Jan 23, 2014 at 2:48 | history | answered | Phil | CC BY-SA 3.0 |