Re: ATMs abroad..

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