If you are travelling to the UK or any other country that doesn’t use the EURO as it’s currency – it is very easy to use your debit card at an ATM to withdraw Sterling or other currencies. But – how much extra will you end up getting charged by your bank ?
The foreign (Non Euro) ATM cash withdrawal charges for the main Irish banks are listed below.
Ulster Bank 2% (min €3, max €12), plus foreign exchange fee of 1.5%
(Tip: If you use an ATM at Easy Cash,RBS or NatWest , you will not be charged )
AIB – Currency conversion fee of 2.5% (not capped) plus commission of 1% (min €2, max €6)
BOI 3.5% (min €3.17, max €11.43)
PTSB 3.5% (min €3.17, max €11.43)
So – a withdrawal of £300 (Approx €414 Euro) at at ATM in the UK will cost you ..
AIB : €18.63
Ulster : €14.49 (Free at NatWest or RBS)
Making a smaller withdrawal of £50 (€70) will cost you :
€3.17 with BOI and PTSB cards,
€3.75 with AIB
€4.05 with Ulster Bank. (Free at NAtWest / RBS)
With all cards you should avoid making lots of small withdrawals – as this will end up costing you much more in the long run .
For example – a £10 ATM withdrawal in the UK would cost you €3.21 with Ulster , €3.17 with BOI or PTSB and €2.35 with an AIB card
Five withdrawals of £10 would end up costing as much as €16 – but one £50 withdrawal would cost at most €4.05
These charges apply in all non Euro currency countries including USA , Australia, New Zealand , India, POland, Denmark , Croatia and many more.
(Note: The charges listed above do not include any bank transaction fees which can be typically 20c . Exact chargesmay vary from bank to bank and may be waived if certain conditions are met. The transaction fee for withdrawals of Euro abroad should always be the same as if you were in Ireland)
Compare these ATM charges with Debit and Credit Card Charges when spending in non Euro currencies.
Figures checked March 2015
If you are looking to transfer larger amounts of Euro to Sterling – take a look at our page on how to get the Best Euro Sterling Exchange Rates