Aaron Baldwin
New Member
- Time of past OR future Camino
- Frances 2018
Frances 2023
Primitivo 2024 (planned)
How much of spending on the Frances these days can you put on your credit card? Trying to avoid atm fees.
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It could be a good idea, but take care that some cheap debit cards (eg, "compte Nickel" in France) are not sold to american residents (because I think the account manager is suppose to give yearly information to US Federal Bank, and this procedure is considered as too expensive for low costs accounts).maybe consider purchasing some local debit cards
It's small for Europeans (including UK) and I think usually US and some others, but the fees can be much higher for pilgrims from various other countries, or those having cards and bank accounts having no standing reciprocity arrangement with the Spanish banks -- which might (or might not) be the case even for some US banks.Yes some if not all of these withdrawals will attract a small fee - say around E2.5 so limit your withdrawals.
It is confusing because not all forum posts contain accurate information and because the additional cost that you may have to pay consists of various parts that do not always apply. It depends on your own bank, on the ATM’s bank, on whether there is some kind of agreement between your group of banks and the ATM’s group of banks, whether your card is based on the euro (EU consumer law) or on another EU currency (EU consumer law), or on a non-EU currency.It is a confusing issue. The last 7 weeks I have used ABANCA ATMs that clearly state there are no fees charged by my card issuer for this service yet a few days later my Australian bank account shows an international ATM withdrawal fee.
I'm pretty sure that I was charged 7€ by the ATM for a recent withdrawal. Sorry, I can't return name of the bank. Since I have a Schwab account debit card it's not something I pay a lot of attention to since they refund me those ATM fees.Generally speaking, most banks in Spain will charge you 2 EUR, but some banks may charge up to 5 EUR
I am happy to believe you .I'm pretty sure that I was charged 7€ by the ATM for a recent withdrawal.
I assume your Capital One card does not charge a foreign transaction fee. But I would doublecheck. My Citi Mastercard didn't and now, without informing me, they do. They said they informed us but of course it was buried on page 687 of my updated agreement.I think I'm going to use my Capital one mastercard when I can and sign up for a Charles schwab card for Atm withdrawals. Seems to be the best route for me.
Credit card fees screw the merchant. Use cash and have credit card to get cash when needed.How much of spending on the Frances these days can you put on your credit card? Trying to avoid atm fees.
You should never use a credit card to get cash from an ATM. The fees are incredibly high because it's considered a cash advance. Only use a debit card at ATMs.Credit card fees screw the merchant. Use cash and have credit card to get cash when needed.
Well, that's nice that you have adopted this attitude. I myself share it more or less but then I am EU/€ based and my interest in this topic is mainly academic. I am interested in understanding and, possibly, helping others less familiar with the ins and outs of international financial transactions.IMHO, there are more important things to worry about on the Camino than ATM fees and bank charges. As an Australian, I paid enough on air fares and travel insurance; these other costs add up to very little in comparison. So just enjoy yourself!
Alright for some, but others do need to worry about such things, especially given the high cost of travel from Australia.IMHO, there are more important things to worry about on the Camino than ATM fees and bank charges. As an Australian, I paid enough on air fares and travel insurance; these other costs add up to very little in comparison. So just enjoy yourself!
Obviously you haven’t used your credit card for cash. Very high fees and interest for that. Debit card for cash. Just saying.Credit card fees screw the merchant. Use cash and have credit card to get cash when needed.
Santander. 7 euros! I was blown away. After that I went to Abanca for my next 2 withdrawals on my recently completed camino. Abanca was 3 euros I think.I'm pretty sure that I was charged 7€ by the ATM for a recent withdrawal. Sorry, I can't return name of the bank. Since I have a Schwab account debit card it's not something I pay a lot of attention to since they refund me those ATM fees.
Does Citibank charge now? I was all set up to use themI assume your Capital One card does not charge a foreign transaction fee. But I would doublecheck. My Citi Mastercard didn't and now, without informing me, they do. They said they informed us but of course it was buried on page 687 of my updated agreement.
I have had trouble having them wave it. You can always call as a new cardmember to find out.Does Citibank charge now? I was all set up to use them
I actually was pickpocketed in Madrid before my first Camino. My bank's sent replacement cards to Spain.) if you have any trouble, for a variety of reasons, you can be cut off from funds. And then what? A new card is issued to my home in America? I'd be screwed!
I have used it before when travelling but am contemplating getting another card too just in case. Did you use their debit card or credit card?I have had trouble having them wave it. You can always call as a new cardmember to find out.
I used their debit card. I very rarely use my credit card. I only use it if I need to book transportation back to Madrid or Barcelona, Since I walk less traveled caminos alot I may use it when there is no albergue. Otherwise I use only cash that I keep in my money belt, which never leaves me and an emergency 100Euros that is hidden in the inner recesses of my backpack.I have used it before when travelling but am contemplating getting another card too just in case. Did you use their debit card or credit card?