International Transaction Fee, Overseas Bank Fees - Compared to ING

LCheep Cheap on 15/10/2015 - 05:57
Last edited 15/10/2015 - 05:58

Latter this year I am travelling to the UK and Europe and have some banking questions and specifically how it relates to my current ING orange everyday debit card.

Sorry about the amount of questions, appreciative to tap the collective experiences of OzBargin!

What bank offers the best international ATM withdrawal? ($2.50 ING)
With ING orange will I be charged the international purchase fee of 2.5% when I use an ATM as well?
Which bank has the best international purchase transaction fee?
When using a debit card to make purchases overseas what fees will I be charged?
What exchange rate does ING use (Visa or theres) and which bank offer the best rate?

Travel

Comments

  • retiredfeline on 15/10/2015 - 06:00
    +1

    Search for Citibank Visa Debit card in the wiki.

  • Marcsie on 15/10/2015 - 06:08
    +3

    For overseas traveling :
    1) Citibank Plus Card for Debit card.
    2) 28 Degree Master Card for Credit Carf.

    • rambutann on 15/10/2015 - 09:46

      Ultimate setup ^

    • Wyn-Ryder on 15/10/2015 - 10:22
      +1

      2) can be swapped with Bankwest Zero (Platinum) (also 0% transaction fees)

      Did it just a few months ago and worked perfectly.

      Things to note:

      Always pay in the local currency, as the automatic exchange will generally charge you an automatic 3-4%

      In some areas they charge more for credit vs debit cards (up to 30 pounds in some cases) so it is worth having money on your debit card (or at least the linked savings account) to pay for these things.

      In some places it's difficult to find places that take card, so it can be helpful to carry cash (I travelled with my girlfriend, and we generally had ~100 euro / 60 - 70 pounds between us at any given time - YMMV)

      If travelling to Switzerland / Czech Republic (and probably some other countries) they have different currencies so try not to take out too much of these currencies. There may be places that accept Euros, but it's generally ~10% more expensive to pay in euros.

      In Europe it's extremely easy to find ATMs that don't charge you a fee to use them. There are only select ATMs that are not free to use.

    • Fluffyduck77 on 15/10/2015 - 10:32

      1) The Citibank one can be somewhat convoluted and time consuming to setup too. If possible it is easier to just go to a branch rather than online.

      Also might be worth looking at a travel card too, I'm not a huge fan of those however I went to UK/Europe in August when the AUD took a bit of a tumble. I lost about $200 AUD by not changing all the money at the start and the AUD going down and down. I do have an ING card too but took the Citibank one.

      Whirlpool has some pretty good info on this too:

      http://whirlpool.net.au/wiki/citibank_plus_transaction_accou…

      http://forums.whirlpool.net.au/forum-replies.cfm?t=2333715&p…

      Agree with Wyn-Ryder in always carrying some cash… coins too for the toilets.

Login or Join to leave a comment
Login Join