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ATM Foreign Fee Vs ATM Foreign Transaction Fee by Luke These fees sound the same, but they are different. An ATM “foreign” fee is paid to the debit card’s issuing bank for using an out-of-network ATM (a “foreign” ATM). These fees vary from bank to bank, but recent surveys show that the national average is about $1.29 per transaction. An ATM “foreign transaction fee” refers to a fee that is paid to the issuing bank for using ATMs to convert foreign currency — usually while in a foreign country. These fees also vary from bank to bank, but usually range between 1-5% of the total amount being converted. These fees are not exclusive. It is possible to be charged both a “foreign” fee, a “foreign transaction fee” and even other ATM fees all in the same transaction.
3 Comments to "ATM Foreign Fee Vs ATM Foreign Transaction Fee"
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July 14, 2006 
[...] Below are the fees assessed for using a CitiGroup Debit Card at an ATM machine in a foreign country to withdraw currency. These fees only apply when using the debit card at an ATM machine in the debit card company’s network. Fees can be higher when using an out-of-network ATM machine. Please see this post for clarification between ATM foreign fees and ATM foreign transaction fees. [...]
[...] Below are the fees assessed for using a National City Corp. Debit Card at an ATM machine in a foreign country to withdraw currency. These fees only apply when using the debit card at an ATM machine in the debit card company’s network. Fees can be higher when using an out-of-network ATM machine. Please see this post for clarification between ATM foreign fees and ATM foreign transaction fees. [...]
[...] Below are the fees assessed for using a Wachovia Debit Card at an ATM machine in a foreign country to withdraw currency. These fees only apply when using the debit card at an ATM machine in the debit card company’s network. Fees can be higher when using an out-of-network ATM machine. Please see this post for clarification between ATM foreign fees and ATM foreign transaction fees. [...]