Charges by Spanish Banks for cash

jimbo26

I noticed this, however my son in law banks with TSB, and he wasn't charged for cash withdrawals from Sabadell's ATM's. Apparently they are part of the same banking group.

NoodleDoodleMan

Caixa still free last month

Thanks BoGoF -that's the type of intelligence report that make these forums work.

I noticed this, however my son in law banks with TSB, and he wasn't charged for cash withdrawals from Sabadell's ATM's. Apparently they are part of the same banking group

Also thanks - that's interesting.

TSB in the UK don't publicise that benefit to the best of my knowledge.

Worth investigating further methinks.

This links is interesting - https://transferwise.com/gb/blog/atms-in-spain

sausage_time

Agreed, this is great use of the forums. Could this be worth some kind of sticky thread with the latest intelligence?

System

Blackbeard_of_Perranporth wrote: »

In NYC, you!!!8217;re charged $3. Thank god you don!!!8217;t get charged in the uk. Then our savings rates are carp as well.

The better terminology for these Over-The-Top ATM charges are 'Surcharges' as the ATM owner will usually charge the card issuer via the card scheme anyway.

Last time in NY, I used TD Bank or McDonalds (Actors FCU) ATMs are they were either free of surcharge or $1.

eDicky

jimbo26 wrote: »

I noticed this, however my son in law banks with TSB, and he wasn't charged for cash withdrawals from Sabadell's ATM's. Apparently they are part of the same banking group.

It might be worth checking whether your son in law opted for DCC and allowed Sabadell to convert at their own rates, which in general (I believe) does not involve the ATM surcharge.

NoodleDoodleMan

It might be worth checking whether your son in law opted for DCC and allowed Sabadell to convert at their own rates, which in general (I believe) does not involve the ATM surcharge.

I always thought that ATM surcharges (as imposed by the machine's bank) applied regardless of DCC or CPC conversion rates being chosen by the customer ?

If not, would it be a better "bottom line" deal for the cardholder to authorise DCC transaction rates for ATM usage where that option removes the surcharge element ?

The other obvious questions is - how does the cardholder know in advance when the ATM surcharge is not applied if he/she elects for DCC ?

That apart - I called TSB and they advised that charges would still be applied using their debit card at a Sabadell ATM.

Don't shoot the messenger if that is not the case - but the call centre assistant seemed clued up on what was being asked.

NoodleDoodleMan

The better terminology for these Over-The-Top ATM charges are 'Surcharges' as the ATM owner will usually charge the card issuer via the card scheme anyway.

Agreed, surcharges is a good description.

tonyduke

jimbo26 wrote: »

I noticed this, however my son in law banks with TSB, and he wasn't charged for cash withdrawals from Sabadell's ATM's. Apparently they are part of the same banking group.

Sabadell might not charge, but TSB certainly will!

TSB charge a non-sterling transaction fee of 2.99% to the value of the withdrawal and a non-sterling cash fee of 1.5% (min £2, max £4.50): defined by MSE as a "card from hell"!

ic

Just back from Lanzarote - Caixa was still free for me (using Nationwide FlexPlus card).

YorkshireBoy

ic wrote: »

Just back from Lanzarote

Ditto, where I found Banca March was still fee-free (using Metro Bank debit).