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A comment on TransferWise announces $280M investment. Parent comment

Re:TransferWise announces $280M investment by charlesdm on Thursday November 02, 2017 @07:38AM (#15609443)
Sad but true. :( That said, people do pay for convenience, which I assume is the main function of those cash machines. If I end up in a foreign country that I haven't visited before, I'll likely withdraw some cash (not much) from one of those machines just to be safe.

You never know when your credit cards might stop working.. (I've had my main card blocked randomly while travelling and it frankly was a pain)

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Re:TransferWise announces $280M investment by mseebach on Thursday November 02, 2017 @08:17AM (#15609664)
Just withdraw cash on a credit card from a regular ATM. Most "normal" credit cards charge on the order of 3% over spot on the FX, some cards further charge a flat fee, but this is still better than those markups.

It's even possible to get cards that doesn't charge a fee and gives you spot FX, even for cash withdrawal (Halifax Clarity in the UK is one). That leaves any fee the ATM might charge you, but if you can find one that doesn't, this is a supremely efficient way of getting cash abroad.

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Re:TransferWise announces $280M investment by pishpash on Thursday November 02, 2017 @02:27PM (#15612946)
Credit card ATM withdrawal incurs punitive cash advance interest rates. I guess you can pay it off within the day though if you can calculate how much it is.
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Re:TransferWise announces $280M investment by ihattendorf on Thursday November 02, 2017 @12:19PM (#15611769)
Charles Schwab checking/debit: no foreign transaction fee, uses the exchange rate, and refunds all ATM fees internationally.
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Re:TransferWise announces $280M investment by cbhl on Thursday November 02, 2017 @01:40PM (#15612476)
Charles Schwab checking is only available to US residents though -- if you're in a foreign country, you're out of luck.
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Re:TransferWise announces $280M investment by mseebach on Thursday November 02, 2017 @02:27PM (#15612944)
Which is why we're suggesting different cards that are available in different countries.
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