Is it cheaper to take out cash out of an ATM in Canada(and suffer the charges) or use

clo1 · 2013-08-04 22:53:04

I am aware there is charges for taking money out of an ATM abroad (in Canada) and for using chip and pin payments for buying products in shops. Just wondering which will cost me less? taking all my cash out (I.E. WAGES) in one go from the ATM or using the card in the shops to pay for things (i.e. chip and pin)

04-08-2013 11:53PM

#1

clo1

Registered Users, Registered Users 2 Posts: 97 ✭✭

Join Date: July 2012

Posts: 73

I am aware there is charges for taking money out of an ATM abroad (in Canada) and for using chip and pin payments for buying products in shops. Just wondering which will cost me less? taking all my cash out (I.E. WAGES) in one go from the ATM or using the card in the shops to pay for things (i.e. chip and pin)

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#2 06-08-2013 09:06AM

Bank of Ireland: Linda

Closed Accounts Posts: 719 ✭✭✭

Join Date: March 2012

Posts: 705

Hi clo 1,

It will depend on the amounts you withdraw or use the card for:

Bank of Ireland: Linda wrote: »

The charges for using a Visa Debit card abroad is:
- a cross border handling fee of 3.5% of the transaction value with a minimum charge of €3.17 and a maximum charge of €11.43 per transaction.
- the currency exchange rate of the day will also apply
- finally a normal transaction charge will also apply

I hope this helps

Thanks
Linda

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