Have you ever found yourself without cash and you can’t find one of your bank’s ATMs around? I’m going to let you in on a little secret that can help you avoid getting charged foreign ATM fees.
Go inside the bank and ask for a cash advance.
Now before you start freaking out, I’m suggesting that you ask for a cash advance on your debit card, and not your credit card. I think cash advances on credit cards should only be used in very dire emergencies.
It’s funny, because many people don’t ever think to use their debit card to get a cash advance. If you go into the bank, the tellers should be able to swipe the debit card, process it as a cash advance, and the money should just get debited from your account with no fees on either end! As far as I know, this works with any Visa or Mastercard debit card.
Traveling overseas and don’t want to pay foreign transaction fees? Head into the bank. You most likely won’t save yourself the foreign fee, but at least you won’t get hit with an ATM fee too.
Pass it on. Knowledge is power!
Did you know you could use your debit card to get cash as a cash advance? Do you pay ATM fees?