Are there any ATM fees within the Euro zone?
- By
- Aparna Patel
- |
- 4 Aug, 2023
- |
I live in the Netherlands. I used my Dutch card to withdraw money from ATMs in France, Italy and Germany. I have never paid anything for that…But it surely depends on your bank and on the country you are in. Where are you from?
Per http://ec.europa.eu/internal_market/payments/crossborder/index_en.htm cross-border payments in Euro within the Eurozone must not be treated differently from national (inter-bank) transactions in Euro. This also applies to ATM fees.
This means that your bank is only allowed to charge fees similar to those for national ATM use at another bank.
Examples from my experience:
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a German Sparkasse account of mine would charge €2.50 per each use of the ATM at a non-Sparkasse bank within Germany, which meant that I would be charged €2.50 also elsewhere in the Eurozone
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my Austrian account does not have any ATM charges within Austria (as most Austrian accounts do), so I don’t pay any fees in other Euro countries
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I’m quite sure that within the Eurozone, the cost of international Euro withdrawals are not allowed to exceed the cost of national Euro withdrawals (when using regular bank cards and regular banks). So, the maximum you can get charged is what you get charged at home.
I did a quick search, this Wikipedia page seems to back this up:
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In general, when using your card abroad you get charged (some) of the following fees
- Currency exchange fee
- A fee levied by your bank for using your card abroad
- A fee levied by the ATM operator
In your case (1) will not apply because the currency is the same, but (2) and (3) might still apply. (2) you need to check with your bank, and you should be informed about (3) by the ATM. From personal experience, (3) is not very common in Europe.
Credit:stackoverflow.com‘