ATM Charges For Non Euro Cash Withdrawals

This summer , if you are travelling to the UK, USA  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)

KBC 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 ..

Ulster :  €14.49 (Free at NatWest or RBS)
AIB : €14.49
PTSB: €11.43
KBC €11.43
BOI €11.43

Making a smaller withdrawal of £50 (€70) will cost you :
€3.17 with BOI, KBC 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 KBC  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 tranasaction fees 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.

More details of Irish day to day Bank Charges Here

 

Figures checked July  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

6 thoughts on “ATM Charges For Non Euro Cash Withdrawals

  1. Hi,
    Can you breakdown how you got the €18.63 charge for the withdrawal of £300 (€414)?
    If its 2.5% of the Euro Value plus Commission of 1%, I’m getting €14.49

    €414 x 2.5% = €10.35
    €414 x 1.0% = €4.14
    = €14.49

    I’m probably going wrong somewhere. Just asking cause I’m with AIB and I’m going abroad this summer to a non euro country.

    • Thanks Brendan – there was an error an you are correct. The figures have now been corrected.

  2. Great article but it omits to talk about FX margin.

    The FX rate that banks offer customers varies from bank to bank. It is rarely market spot.

  3. Hi !
    Great coming across this thread, quite recent !
    Another question, might be worth asking : Do banks in Ireland provide options NOT to be charge abroad, using an ATM ? (and Japan is actually the country i’m thinking about !)

    And well, I can feel i’m pushing it, but more precisely PTSB, if anyone has the direct answer, hehe

    Thanks for the great post !

    Mat

  4. What about when travelling further afield, to Japan for example? Is it a good idea to use your debit card in Japan and what are the charges for doing so? Many thanks.

    • Hi Eimer , the same bank charges apply in all countries with non euro currencies – so your bank charges for using an ATM in Japan will be the same as listed in the article.
      Visa Debit cards should work fine in JApan. I have seen advice elsewhere to use ATMs in “7-11 stores” or post offices to ensure acceptance.

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