Re: [81attendees] Exchanging money or using USD ?

Yes, it's getting much worse than it used to be.  One lesson I have learned
is to get all the money I think I might need for the week at one time since
the transaction fee charged by the bank whose ATM you are using seems to be
per transaction and not a %.

Mary.

On Thu, Jul 21, 2011 at 1:53 PM, <david.black@emc.com> wrote:

> It used to be the case that for bank-owned ATMs, the ATM-owning bank did
> not add an additional fee for transactions that involve conversion into a
> foreign currency.  That bank already gets a small cut because there's 1%
> hidden in the exchange rate if Visa or Master Card clears the foreign
> exchange transaction (this includes PLUS and Cirrus transactions).
>
> That absence of fees appears to be going by the wayside, and thanks for the
> suggestion that BMO may not be charging ATM fees on US ATM cards.
>
> Thanks,
> --David
>
>
> > -----Original Message-----
> > From: Terry Davis [mailto:terry.davis@ijetonboard.com]
> > Sent: Thursday, July 21, 2011 2:37 PM
> > To: John R. Levine; Black, David
> > Cc: 81attendees@ietf.org
> > Subject: RE: [81attendees] Exchanging money or using USD ?
> >
> > It appears that the Bank of Montreal didn't charge me a transaction fee
> and the exchange was right on!
> >
> > My bank back in Seattle though charged me a $1.00 for a foreign
> transaction.
> >
> > Take care
> > Terry
> >
> > -----Original Message-----
> > From: John R. Levine [mailto:johnl@iecc.com]
> > Sent: Thursday, July 21, 2011 10:34 AM
> > To: david.black@emc.com
> > Cc: Terry Davis; 81attendees@ietf.org
> > Subject: Re: [81attendees] Exchanging money or using USD ?
> >
> > > Last month when I was in Victoria, BC, some Canadian ATMs had started
> to impose transaction fees for
> > Canadian $ withdrawals via US ATM cards (at that time, HSBC did not, but
> I believe RBC did).  Does
> > anyone have an update?
> >
> > It varies by your bank, the bank whose ATM you're usung and the network
> that connects them, so it's
> > hard to predict.  If it's the same bank (HSBC US and HSBC CA or TD US and
> TD CA) there's no fee,
> > beyond that, try it and see what it says.  There's only one HSBC branch
> in Quebec, not particularly
> > close to the convention centre.
> >
> > Any Canadian bank will exchange US cash over the counter at a reasonable
> rate, and ATMs give a good
> > rate too, give or take the transaction fee.
> >
> > Regards,
> > John Levine, johnl@iecc.com, Primary Perpetrator of "The Internet for
> Dummies", Please consider the
> > environment before reading this e-mail. http://jl.ly
>
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