Re: ATMs abroad..

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!!


"SD" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> 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
>