Chase card - Banca March charge €5.50 cash withdrawal

skycatcher

Apart from Santander (for Santander card holders) are there any ATMs free with perhaps a Starling card in Lanzarote?

SuzeQStan

skycatcher said:

Apart from Santander (for Santander card holders) are there any ATMs free with perhaps a Starling card in Lanzarote?

Not aware of any free ones now sadly

NoodleDoodleMan

skycatcher said:

Apart from Santander (for Santander card holders) are there any ATMs free with perhaps a Starling card in Lanzarote?

Unicaja MIGHT be fee free in the Canaries. They do operarte there, however that's about as much as I know.

SuzeQStan

I’ve searched for Unicaja in Lanzarote but not had much luck it just refers me to mainland Spain.  Although due to the power outages on the mainland my internet has been very hit or miss 

Olenna

SuzeQStan said:

NoodleDoodleMan said:

Banca March starting to impose an ATM fee was flagged up for information on forums a few months ago - and confirmed very recently.

Chase are totally blameless - the same will apply to all "user friendly" UK debit cards presented at a BM hole in the wall.

I believe Unicaja may still be fee free, however their network footprint may not be too widespread ?

Yes, Santander is the best deal in Spain for a Santander UK debit card - as long as they have a conveniently located branch with a fully branded Banco Santander ATM.

Conversely BS is about the worst deal there if you use a "normal" British debit card - last I heard it was €6 per transaction !!!

Of course appreciate Chase / other cards aren’t to ‘blame’ but Chase perks are now completely decimated for me. 

Poor savings rate -unless you get offered a short term 6 month bump in rate which I’ve had this week - 4.8% for 6 months - but not bothering as it’s still not competitive and a faff after the 6 months.

 Cash back now relegated to grocery/domestic travel costs (jumping through a £1500 deposit hoop each month)

& now my last reason for using Chase is gone - there’s nowhere for me to withdraw cash without a fee overseas. (Other countries are available but this is where we go)

using Barclay rewards card fee free for purchases overseas with at least a smidge of cashback this trip

I'll personally keep Chase (in reserve) for their large US ATM network as I visit there more often than Costas del Inglés. 

For info, any Barclaycard cash withdrawals will be recorded on your credit files as a Cash Advance.

NoodleDoodleMan

SuzeQStan said:

I’ve searched for Unicaja in Lanzarote but not had much luck it just refers me to mainland Spain.  Although due to the power outages on the mainland my internet has been very hit or miss 

https://www.unicajabanco.es/en/mapa-de-oficinas-y-cajeros

Hope this might help ?

bagand96

I've found this app really useful when abroad for finding fee-free ATMs https://atmfeesaver.com

It's crowdsourced data so isn't always 100% accurate and doesn't always show every ATM but in general it's good to find which banks may be fee free in any given country. I've no affiliation to it!

Spain has become bandit country for ATM fees from main banks Banca March seemed to be the last that we're fee free so it's a shame they started charging. I guess it's easy money with the amount of foreign tourists.

These days I use so little cash abroad I don't consider it worth maintaining a bank account for single country ATM withdrawals so wouldn't bother with Santander just for Spain or Chase just for US. 

SuzeQStan

Olenna said:I'll personally keep Chase (in reserve) for their large US ATM network as I visit there more often than Costas del Inglés. 

For info, any Barclaycard cash withdrawals will be recorded on your credit files as a Cash Advance.

We go the USA to visit family twice a year and there is only 1x chase ATM in the entire city which is still a fair drive away from where we are based.  We drove to it regardless a few visits ago and found it was no longer there despite being listed on Chase website. Just checked now and it’s still listed - bizarre. There are much bigger atm networks than Chase in USA

As previously mentioned in this thread I would never withdraw cash on a credit card as that demonstrates poor money management in addition to being very costly.

bagand96

SuzeQStan said:

As previously mentioned in this thread I would never withdraw cash on a credit card as that demonstrates poor money management in addition to being very costly.

Not necessarily. Before foreign fee-free current accounts were more common there were a few credit cards that were often reccomended here on MSE, Halifax Clarity being one, still use mine!

For cash you make the withdrawal, wait for a day or two until the transaction cleared and pay it off, the interest would be pence. At 20% APR, a £250 withdrawal would be 14p a day.

It does get recorded as a cash advance but a handful a year won't do too much damage to a credit file in good shape.

heatherw_01

SuzeQStan said:

@heatherw_01 - yes am aware of that - hence the title ‘Banca March charging €5.50 for Chase cash withdrawal. Far as I’m aware Banca March was the last atm that was fee free for chase cards over here.

I was going by your post rather than title as your post was worded blaming Chase, hence my reply.

Just tried to withdraw cash on my Chase debit card at Banca March in Lanzarote and instead of being fee free like it was when we came last October,it advised a €5.50 fee per withdrawal 

so we went to a Santander and
withdrew fee free from there on a Santander debit card instead.  Have checked just now on app and we got €100 for £85 which is pretty much spot on for todays rate.

one less reason to use Chase - I don’t use them anymore anyway in Uk and now won’t bother overseas as have a Barclay rewards card.

Lancashire