Cash Machines Abroad

[FireyFirenze]

I'm going to work abroad (Menorca to be exact) in two weeks, and my wage is going to be paid monthly into my UK bank account.

Obviously I'm going to get my money out of cash machines but my bank account I have now (with Royal Bank Of Scotland) charges everytime you draw money out of their overseas cash machines. I don't know exactly how much, but I don't want to be paying everytime I want to draw money out!

Does anyone know of any banks that dont charge to withdraw money from abroad? Any help would be muchly appreciated!

[Dear Wendy]

They all charge.

You just need to calculate, and take out a lot of money in a go, so you'll only need to take it out once or twice.

[Kermit]

If you are going to be in menorca for a long time, it may be worth setting up a Spanish bank account, so you don't have to pay.

The fee is normally 1.5% or £1.50, or it always used to be.

[Olive]

Originally posted by Kermit
The fee is normally 1.5% or £1.50, or it always used to be.

The National Australia Bank Group (Yorkshire Bank, Clydesdale Bank, Northern Bank and National Irish Bank) charges 2.5% exchange fee, plus if it's a credit card, they also charge 1.5% cash fee.

BEWARE!

[Randomgirl]

I get charged by HSBC, the "global" bank, to take money out abroad. The minimum charge is £1.75 or a percentage of the value withdrawn, whichever is higher. It makes sense to get quite a bit out in one go rather than say getting quid out at a time and have to pay £1.75 each time.

I think that HSBC are quite cheeky to go on about how global they are but then treat you differently to at home when in any of their banks abroad.

[funkyone]

Nationwide do a card which does not charge - but I think therfore the exchange rates will be higher.....

so there is no way around it....

I lived in Belgium for a short wile and had the same problem. I set up a Blegium bank account - and then just transfered the money via internet banking