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Free-free ATMs in Czech Republic?

Poq
Poq Posts: 205 Forumite
in Flights, currency & car hire
Does anyone know which ATMs don't charge a fee when withdrawing with a foreign (UK or Swedish) debit card?




I know that many central European countries charge for cash withdrawals (stupid).

Comments

  • Doshwaster
    Doshwaster Posts: 6,398 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I was in Prague a few months ago and can't remember any ATMs charging an extra fee.
  • NFH
    NFH Posts: 4,413 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    The cash machines won't charge you, but your card issuer might.

    I was in Prague a couple of months ago and none of the cash machines charged a fee. My card issuer didn't charge either because it was Halifax Clarity.
  • InsideInsurance
    InsideInsurance Posts: 22,460 Forumite
    10,000 Posts Combo Breaker
    Poq wrote: »
    I know that many central European countries charge for cash withdrawals (stupid).

    Why is it stupid? Do you think the ATMs are given away for free by the manufacturers? Do you think they get free electricity? Are there charities that service them and refill them etc for free?

    UK banks absorb the costs themselves even though they are paying 30-50p per transaction when you use a non-own brand machine. Most would say that is the stupid thing rather than charging the customer that is causing fee.

    As to the original question, likewise, havent found czech machines to charge. Of cause your bank may.
  • Poq
    Poq Posts: 205 Forumite
    InsideInsurance wrote: »
    Why is it stupid? Do you think the ATMs are given away for free by the manufacturers? Do you think they get free electricity? Are there charities that service them and refill them etc for free?

    In case you haven't noticed, banks make a ton of money ;)

    I'm sure they can handle 30p ;)
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Poq wrote: »
    In case you haven't noticed, banks make a ton of money ;)

    I'm sure they can handle 30p ;)
    Funny that, a few went bust quite recently.
  • PolishBigSpender
    PolishBigSpender Posts: 3,771 Forumite
    Poq wrote: »
    Does anyone know which ATMs don't charge a fee when withdrawing with a foreign (UK or Swedish) debit card?

    I know that many central European countries charge for cash withdrawals (stupid).

    I've never found an ATM that charges in the Czech Republic, Slovakia or Poland. Your bank is doing the charging, not the ATM.
    From Poland...with love.
    They are (they're)     sitting on the floor.
    Their     books are lying on the floor.
    The books are sitting just there on the floor.
  • Poq
    Poq Posts: 205 Forumite
    PolishBigSpender wrote: »
    I've never found an ATM that charges in the Czech Republic, Slovakia or Poland. Your bank is doing the charging, not the ATM.

    In Poland my friends need to pay a fee when they use a local bank's ATM that isn't their bank.
  • System
    System Posts: 178,422 Community Admin
    10,000 Posts Photogenic Name Dropper
    The ATM owner will charge the card issuer a fee via the card scheme which more than covers their costs. Any direct charge (surcharge) will largely be pure profit.

    Do you think the UK banks offer free
    LINK withdrawals out of the goodness of their heart?

    InsideInsurance wrote: »
    Why is it stupid? Do you think the ATMs are given away for free by the manufacturers? Do you think they get free electricity? Are there charities that service them and refill them etc for free?

    UK banks absorb the costs themselves even though they are paying 30-50p per transaction when you use a non-own brand machine. Most would say that is the stupid thing rather than charging the customer that is causing fee.

    As to the original question, likewise, havent found czech machines to charge. Of cause your bank may.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Heng_Leng wrote: »
    The ATM owner will charge the card issuer a fee via the card scheme which more than covers their costs. Any direct charge (surcharge) will largely be pure profit.

    Do you think the UK banks offer free
    LINK withdrawals out of the goodness of their heart?
    A few years ago the fee was 14p for a bank ATM attached to a branch and 28p for a remote ATM including supermarkets.

    No idea about overseas costs though.
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