Does Bank of America charge ATM fees in Europe? (2024)

Does Bank of America charge ATM fees in Europe?

Your deposit account statement will reflect the U.S. dollar equivalent of your foreign ATM withdrawal. Bank of America will assess an international transaction fee of 3% of the U.S. dollar amount for all ATM withdrawals processed in foreign currency.

How can I avoid ATM fees in Europe?

Does Bank of America debit card have foreign transaction fees?

Does Bank of America charge for foreign transactions? Bank of America's foreign transaction fee is usually 3% for international transactions¹.

Does Bank of America avoid ATM fees?

As a Bank of America account holder, you don't incur fees for withdrawals, transfers or balance inquiries at ATMs displaying the Bank of America name and logo. (Cash advance fees may apply to credit card accounts; please see your credit card agreement for details.)

Can I use Bank of America ATM card in Europe?

Use your Bank of America ATM or debit card at one of our International partner ATMs and avoid the non-Bank of America ATM $5 usage fee for each withdrawal, transfer or balance inquiry ¹ as well as the ATM operator access fee.

Does Bank of America ATM card work in Europe?

US debit cards with a Visa or MasterCard logo will work in any European ATM.

Which ATMs to avoid in Europe?

Avoid "independent" ATMs, such as Travelex, Euronet, Your Cash, Cardpoint, and Cashzone.

Which bank has no international ATM fees?

Discover® Bank

Discover doesn't charge foreign ATM network or foreign transaction fees. But Discover card acceptance can be limited outside of the U.S., Canada, Mexico and some Caribbean nations. With an HSBC Premier Checking account, customers pay no foreign transaction fees. HSBC also has a worldwide network of ATMs.

What is the cheapest way to withdraw money abroad?

Withdraw cash on a credit card and it's marked on your credit file. Withdrawing cash on some of the top specialist overseas credit cards is usually a cheap option.

How much does Bank of America charge for international fees?

If you have a Bank of America checking account you'll usually pay a 3% foreign transaction fee when you spend overseas. Bank of America credit cards have varied terms – including some cards which have been optimized for travel spending and which don't have any foreign transaction fees to pay.

Can I get euros at Bank of America?

Customers with Bank of America checking and savings accounts can order foreign currency through Online Banking or the Mobile Banking App. Customers with credit cards only can order currency at a financial center. Find out how much foreign currency you need for your trip and look up cash exchange rates.

Does Bank of America waive international fees?

Credit cards with no foreign transaction fees give you the freedom to travel internationally and spend money without worrying about the added cost of foreign transaction fees. Start your next trip off right by applying for a Bank of America® credit card with no foreign transaction fees.

Where can I use my Bank of America ATM card without fees?

Bank of America ATM Transaction Fee

Bank of America account holders who use a Bank of America ATM for withdrawals, deposits, transfers, payments or balance inquiries won't pay any ATM fees. Bank of America ATMs will have the bank's name and logo displayed prominently.

Which of the following is a way to avoid an ATM fee?

Use in-network ATMs

There are several ways for you to avoid ATM fees, with the most simple one being to only use ATMs within your bank's network. You can generally locate the nearest fee-free ATM using your bank's mobile app. Online-only accounts often offer access to larger ATM networks than brick-and-mortar banks.

How much does Bank of America charge for ATM fees?

Can I use Bank of America ATM card internationally?

Yes, you can use your Bank of America debit or credit card internationally. However, you may incur foreign transaction fees and exchange rate charges, so it's best to check with Bank of America before traveling to determine any potential fees and to ensure your card will work abroad.

Should I bring a debit card to Europe?

European travelers should always have some cash on hand; getting it from an ATM abroad is usually the easiest, most advantageous way. If you need cash from an ATM, it's usually better to use a debit card, because credit cards often charge a high interest rate for a cash advance.

Do I need to notify Bank of America of international travel?

You cannot set a travel notification with Bank of America. Bank of America doesn't give the option to set a travel notice because they trust their fraud detection capabilities to recognize suspicious activity and protect your account while you are travelling.

Does Bank of America charge for currency exchange?

Many U.S. banks will exchange USD for foreign currencies without charging a fee, but there are often stipulations. For instance, Bank of America customers can exchange foreign currencies for free, but only on orders of $1,000 or more. Otherwise, the bank charges a $7.50 delivery fee for foreign currency orders.

How long does it take to get euros from Bank of America?

When will my order be shipped and when will I receive it? Orders placed before 2 p.m. (delivery address local time) are shipped the same day. Orders placed after 2 p.m. or on Saturdays, Sundays and holidays are shipped the next business day. With standard shipping, orders generally arrive within 1-3 business days.

How do I notify Bank of America of travel?

Should I get euros at airport or from ATM?

Once you're abroad, use your financial institution's ATMs if possible; they're the best option for exchanging currency with minimal fees.

Is it better to exchange money or use ATM?

Best: Use a debit card at an ATM

“Once you're abroad, you'll get a much more favorable rate using your bank's ATM rather than at an airport exchange kiosk,” says Jim Edrington, chief member engagement officer of the American Bankers Association.

Should I buy euros before I go to Europe?

It's completely up to you whether you exchange money before you travel to Europe, or get your euros when you arrive.

What is the best ATM card to use in Europe?