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Author Topic: Singapore Bank Charges for withdrawal of cash at overseas ATM?  (Read 9937 times)
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agl

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« Reply #4 on: April 05, 2008, 03:06:10 AM »

Hi, Alaska

Thanks for your prompt reply.

It is no matter how much you withdraw the money at the overseas ATM, the bank charges is $5 per transaction or depend on the amount you withdraw the more you withdraw, the more amount the bank charges will be, the lesser you withdraw, the bank charges will be lesser. clapping

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Alaska

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« Reply #5 on: April 05, 2008, 08:11:35 AM »

I used this ATM withdrawal overseas quite often. The bank statement shows $5 only. I think the bank already earn huge profit from my exchange rate liao.
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agl

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« Reply #6 on: April 11, 2008, 04:14:55 AM »

Hi, Alaska

Alaska :The bank statement shows $5 only. I think the bank already earn huge profit from my exchange rate liao.
Agl : you are wrong because I had made 3 times withdrawl at overseas ATM and they charged me $5 per transactions not one time and there is also a difference between withdrawal made using the bank ATM cards and other bank ATM cards eg if you used Maybank ATM cards to withdraw cash overseas unless you had a saving account with the bank, it will be charged at S$3, if you used other bank ATM cards, it will be charged S$5 per transaction.
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Lyregi

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« Reply #7 on: April 14, 2008, 05:22:09 AM »

There's a charge of S$5 per cash withdrawal on overseas Cirrus ATMs. You will enjoy a preferential flat service fee of S$2 if you use your new ATM Card at the ATMs of Bank Internasional Indonesia and Bank Danamon (Indonesia), Bank of Philippines Island (Philippines) and HDFC Bank (India).
Cash withdrawal at DBS Hong Kong ATMs will be free of charge.
The amount withdrawn in foreign currency at overseas Cirrus ATMs or purchases made in foreign currency at Maestro terminals will be converted to S$ equivalent using the bank's preferential rate of exchange.
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