Calis Beach and Fethiye Turkey Discussion Forum

Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: KKOB on February 10, 2014, 10:03:17 AM

Title: Foreign ATMs - The Rules
Post by: KKOB on February 10, 2014, 10:03:17 AM: When it asks which currency to charge you in, there’s only one right answer…

https://transferwise.com/blog/2012-11/choose-local-currency-at-foreign-atm/?utm_medium=content_paid&utm_source=ob&utm_campaign=atm
Title: Re: Foreign ATMs - The Rules
Post by: Lorraine on February 11, 2014, 14:19:33 PM: Good advice.

On same thread, does anyone know if you are charged for withdrawing "foreign " currency from atm machines in Turkey, for example there are some that say you can withdraw, pounds, euros etc, if you use a UK bank card to withdraw pounds, is there a charge?
Title: Re: Foreign ATMs - The Rules
Post by: LeeGlo on February 11, 2014, 14:31:19 PM: I think it depends on who you bank with in the UK and what type of account you have. Some charge even for drawing sterling abroad and others take a fee for using ATM, some do not charge at all.
Title: Re: Foreign ATMs - The Rules
Post by: Diverbaz 1 on February 11, 2014, 14:32:18 PM: I have never paid a charge for withdrawing sterling (every month) at HSBC in the 6 years I have been here.
Title: Re: Foreign ATMs - The Rules
Post by: Marggie on February 11, 2014, 15:15:09 PM: Who is your account with? If I withdraw sterling at HSBC with my UK HSBC Debit Card I am charged a percentage and a withdrawal fee. On the other hand if I withdraw sterling with my Nationwide Debit Card there are no charges.
Title: Re: Foreign ATMs - The Rules
Post by: DonM on February 11, 2014, 15:35:45 PM: I've been drawing sterling from HSBC ATM's in Turkey for the last ten years. Using a barclays debit card I've never been charged any commission/handling fees.

DonM
Title: Re: Foreign ATMs - The Rules
Post by: Somerset Simon on February 11, 2014, 16:42:23 PM: I always draw sterling from the HSBC cash points and then change locally, never been charged any fee or commusson, we have HSBC advance account.
Title: Re: Foreign ATMs - The Rules
Post by: Lorraine on February 12, 2014, 13:20:33 PM: I have a nationwide debit card. Next time I am back I will withdraw sterling with it and see if I am charged. If there is no charge, then it is much better to withdraw sterling & change it myself rather than paying the commission and withdrawal fee. Thanks for the info.
Title: Re: Foreign ATMs - The Rules
Post by: LeeGlo on February 12, 2014, 17:24:09 PM: Lorraine, if your Nationwide account is a Flex account then you won't be charged to withdraw sterling in Turkey.
Title: Re: Foreign ATMs - The Rules
Post by: thebillet on February 12, 2014, 17:43:58 PM: I tried withdrawing Sterling at HSBC in Fethiye, with my Halifax card they charged me £1.50 with Santander card no charge. I also used the TEB by the Otogar and no charge using Santander there for Sterling withdrawal. Slightly off topic but I thought some advice from a friend is worth sharing, he said always try and use an ATM at a bank during opening hours as an armed guard near by tends to deter scammers etc.
Title: Re: Foreign ATMs - The Rules
Post by: KKOB on February 12, 2014, 18:23:47 PM: On the otherhand, I was always told that you should never trust a man who keeps one hand on his weapon. ;)