What are the atm withdrawal charges for Bank of America debit crd in Bangalore india which atm chrges least?

Question

What are the atm withdrawal charges for Bank of America debit crd in Bangalore india which atm chrges least?

Answer 1

Credit cards are still one of the best methods. Citibank master card charges about 3% total. It seems master card charges 2% and citi another 1% (it may be the other way; but the total is 3%). I read Master cards give some of the best exchange rates. I do see that in my credit card statements. I saw American express charging only 2%. But overall I am not fully sure amex gives a better deal with exchange rate. So overall I think credit card is still the way to go.

Most banks charge 1% on the amount withdrawn and a flat service fee of $5. So unless really needed, avoid this method. If you really have to do, make a few transactions of bigger amounts. In some countries (India is not one of them) like UK, Cananda, you can use a specific banks network to avoid the fee. For bank of america, it is Barclays in UK, Scotia in Canada (Global ATM alliance). Google or check your banks website. The customer service lady told me that even if I use a Scotia bank ATM in India, I will be charged. There was one in Coimbatore which we had planned to use. BTW, if you are betting on going to the bank of america office in Madras, you will be surprised. There is no ATM there. The security person there (the office was closed that day) said BofA in Madras handles only corporate accounts these days.

Convert US bills ($20 or higher) through your "local" contacts in India. I guess, by and large, this is where you get the best deal. Of course it may not be totally legitimate.

I heard on Michael Finney's show on KGO, that traveler's check is no good. You don't get good exchange rates.