ATM fees

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Re: ATM fees

Postby GB8 » Tue Apr 24, 2018 1:21 pm

ABA with Visa, $1000 $9.00 fee.
$1500 was $14 or $15.
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Re: ATM fees

Postby ផោមក្លិនស្អុយ » Tue Apr 24, 2018 1:28 pm

Every time we have this thread. Some dickhead posts ‘why not open a local account and save a stack of money?’

Well, I’ll be that dickhead.
No withdrawal fees, better exchange rates, no foreign currency fees, no immediate interest on cash withdrawals, Withdraw as much or as little as you want.

And we don’t have to have this 6 monthly scramble for the cheapest ATM when a bank changes its rules.
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Re: ATM fees

Postby logos » Tue Apr 24, 2018 2:06 pm

ផោមក្លិនស្អុយ wrote:Every time we have this thread. Some dickhead posts ‘why not open a local account and save a stack of money?’

Well, I’ll be that dickhead.
No withdrawal fees, better exchange rates, no foreign currency fees, no immediate interest on cash withdrawals, Withdraw as much or as little as you want.

And we don’t have to have this 6 monthly scramble for the cheapest ATM when a bank changes its rules.


Spot on. But then you get the next dickheads to enquire about which banks let you open an account and is the norodom branch more flexible than the one in psar something. Answer is generally no, but the girls'skirts are shorter.
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Re: ATM fees

Postby Alexandra » Tue Apr 24, 2018 2:30 pm

I have several accounts in country but that doesn't stop me from using cards issued by foreign banks. It's not like the two are mutually exclusive.

On the list of cons with transferring to local banks should be added that all international transactions go through the NBC which is sometimes slow as fuck and a huge pain in the arse to deal with. Also depending on which currency you're transferring from you can still get hit hard on the way through high transaction costs and exchange rates.

What's worse is having transactions stuck for weeks only for the NBC to respond with "sorry ma'am Sir not yet know" and then needing to explain Cambodian dumbfuckery to foreign bank representatives who treat you like a money laundering terrorist pedophile for transferring to a country on "the list".

I fixed broken core banking systems when I was young and dumb. Without trying to add merit to my own claims, the things I've seen still give me nightmares.
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Re: ATM fees

Postby logos » Tue Apr 24, 2018 2:36 pm

needing to explain Cambodian dumbfuckery to foreign bank representatives who treat you like a money laundering terrorist pedophile for dealing with a country on "the list" in the first place.

This. Each time I transfer funds to Cambodia it's delayed because of "routine, random checks" by compliance departments. You've got to submit invoices and what not.

Now I just bring cash and exchange it here, excellent rates and no questions asked.
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Re: ATM fees

Postby ផោមក្លិនស្អុយ » Tue Apr 24, 2018 2:59 pm

Interesting to hear that.
I’ve been transferring money here, personally and professionally, for 10 years and I’ve never had a transaction held up for weeks.

Normally arrives within 2/3 working days, but have also had it arrive next day. One time a large transfer was made to the wrong account number - completely the senders fault and whilst it was a pain in the ass to sort out, it didn’t take any longer than it would have done in the U.K.

A few years back using an intermediary bank was the norm and that added a day or two to the transfer. Now I never state an intermediary (maybe one gets assigned automatically though) and the transfer seems to get here quicker.
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Re: ATM fees

Postby Jethro69 » Sat Apr 28, 2018 2:22 am

Maybank didn't take any fees last year, at least with my visa. Is that still the same, on the way to PNH next week and the walk to the ATM is one of the 1st things to do. When I remember well Maybank was the only one without a fee?
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Re: ATM fees

Postby aem » Sat Apr 28, 2018 11:25 pm

Jethro69 wrote:Maybank didn't take any fees last year, at least with my visa. Is that still the same, on the way to PNH next week and the walk to the ATM is one of the 1st things to do. When I remember well Maybank was the only one without a fee?


aem wrote:Maybank now officially started charging 5USD per withdrawal (VISA). It clearly states this now as on screen message when you go to get the cash.

This means it does not matter which ATM I use anymore, correct? Or are there banks that charge lower fees?
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Re: ATM fees

Postby Jethro69 » Sun Apr 29, 2018 1:48 am

aem wrote:
Jethro69 wrote:Maybank didn't take any fees last year, at least with my visa. Is that still the same, on the way to PNH next week and the walk to the ATM is one of the 1st things to do. When I remember well Maybank was the only one without a fee?


aem wrote:Maybank now officially started charging 5USD per withdrawal (VISA). It clearly states this now as on screen message when you go to get the cash.

This means it does not matter which ATM I use anymore, correct? Or are there banks that charge lower fees?


Upps sorry, did miss it fly over the posts to quickly I guess.
So if I understood it correctly, It doesn't matter much which ATM I use, the fee is always around 1%, is that more or less correct? My bank used to reimburse ATM fees, but stopped that last year unfortunately :(
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Re: ATM fees

Postby Kachang » Sun Apr 29, 2018 4:43 pm

ផោមក្លិនស្អុយ wrote:Interesting to hear that.
I’ve been transferring money here, personally and professionally, for 10 years and I’ve never had a transaction held up for weeks.

Normally arrives within 2/3 working days, but have also had it arrive next day. One time a large transfer was made to the wrong account number - completely the senders fault and whilst it was a pain in the ass to sort out, it didn’t take any longer than it would have done in the U.K.

A few years back using an intermediary bank was the norm and that added a day or two to the transfer. Now I never state an intermediary (maybe one gets assigned automatically though) and the transfer seems to get here quicker.


Exactly this for me too, but only 8 years. Since a year or so I include my address and DOB in the description of the transfer because if I don't some crazy US intermediary bank won't pass the money on. They will take 10-20 USD though for their crappy service, so it doesn;t pay to transfer small amounts.
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Re: ATM fees

Postby Kachang » Sun Apr 29, 2018 4:44 pm

Jethro69 wrote:
aem wrote:
Jethro69 wrote:Maybank didn't take any fees last year, at least with my visa. Is that still the same, on the way to PNH next week and the walk to the ATM is one of the 1st things to do. When I remember well Maybank was the only one without a fee?


aem wrote:Maybank now officially started charging 5USD per withdrawal (VISA). It clearly states this now as on screen message when you go to get the cash.

This means it does not matter which ATM I use anymore, correct? Or are there banks that charge lower fees?


Upps sorry, did miss it fly over the posts to quickly I guess.
So if I understood it correctly, It doesn't matter much which ATM I use, the fee is always around 1%, is that more or less correct? My bank used to reimburse ATM fees, but stopped that last year unfortunately :(


No, the fee is a set amount. If you withdraw 10$ you might end up with a 100% or even higher fee. Bring cash or withdraw as much as you can at once.
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Re: ATM fees

Postby Jethro69 » Mon May 07, 2018 3:46 pm

GB8 wrote:ABA with Visa, $1000 $9.00 fee.
$1500 was $14 or $15.


Confirmed, hit an ABA yesterday, 990$ 9.oo$ fee.
I think I typed in 400$ first and the fee was still 9, I aborted that quickly.
This Atm offered Riel as well, I was inclined for a moment to go that route as I expected a better deal, but cancelled as I feared it would swallow my card while I was struggeling with the rates.
No idea what's the maximum amount though.
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Re: ATM fees

Postby rgrowden » Mon May 14, 2018 8:16 am

I'm with an internet bank, Everbank, located in the US. So long as I maintain a $2000 balance, they reimburse all my atm fees. It saves me about $20/month. I can transfer money to the account from other accounts; it is immediately available.
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Re: ATM fees

Postby ReasonstobefearfulP3 » Mon May 14, 2018 10:30 am

rgrowden wrote:I'm with an internet bank, Everbank, located in the US. So long as I maintain a $2000 balance, they reimburse all my atm fees. It saves me about $20/month. I can transfer money to the account from other accounts; it is immediately available.


What account is that?

their website reads the following (basic bank account):

EverBank does not charge its clients ATM fees at EverBank or other
financial institution ATMs.
Other financial institutions may charge our clients a fee for using
their ATM.
We will automatically reimburse our clients for other financial
institution ATM fees on U.S. ATM transactions during any month that
the average daily balance for the account is at least $5,000.


That sounds like ATMs in the US rather than USD transactions. Is this the same as you have?

Still pretty good, I wished the UK had banks like that
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Re: ATM fees

Postby rgrowden » Mon May 14, 2018 2:21 pm

Yes, but I only have to maintain 2k. It works worldwide, including here. No atm fees. No foreign country transaction crap, either.
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