Compare the cost of ATM withdrawal strategies abroad.
Flat fees reward fewer, larger withdrawals while percentage fees are indifferent to the split. Always declining conversion to your home currency at the machine avoids a markup of around five per cent. The prompt offering to charge you in your own currency is never in your favour, and declining it is the single easiest saving available abroad.
ATM Fee Impact
Total fees = withdrawals × flat fee + cash × percentage fee
Total fees = withdrawals × flat fee + cash × percentage fee Flat fees reward fewer, larger withdrawals while percentage fees are indifferent to the split. Always declining conversion to your home currency at the machine avoids a markup of around five per cent.
The prompt offering to charge you in your own currency is never in your favour, and declining it is the single easiest saving available abroad.
This calculator takes 5 inputs: Total cash needed, Number of withdrawals, Flat fee per withdrawal, Percentage fee, Markup if accepting local currency conversion. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.