How to use Indian ATM Card in Foreign ATM Machine

While traveling abroad we experience many difficulties due to the change of environments. One of the major issue we experience as a foreigner is the exchange rate of the foreign currency. When we reach the airport the currency exchange boot offers currency of that country but, the problem arises when we spend all our money and requires more money. At that time the ATM Card can help us to withdraw foreign currency using the Indian ATM Card.

How to use Indian ATM Card in Foreign ATM Machine

What’s Your ATM Card?

Bank offers different ATM Card for different purposes that can or cannot work in the international ATM Machine. There is a separate ATM Card for global use known as an International Card. All the major banks offer the international ATM Card separately that can be used on both domestic as well as international ATMs.

Cost of Withdrawal

Every ATM Card offers cash withdrawal with first 3 transactions per month to be free and after that charges a percent that differs from bank to bank. But when the transaction is initiated in the foreign country there are few factors that can affect the transaction fee. The fee that a bank charge for international withdrawal can vary from bank to bank and can be checked by contacting the bank you have your account with.

Steps to Withdraw the foreign currency using Indian ATM Card

The process of withdrawing foreign currency using ATM is the same throughout the world. You can follow these steps to withdraw the money using Indian Bank account Card in foreign ATM-

  • Insert the ATM Card in the ATM Machine which sometimes returns the card or keep it intact either way is fine.
  • Select the Language to “English”
  • Enter the ATM PIN and press confirm
  • Now select the Type of Account, Savings or Current Account
  • Select the “Cash Withdrawal” option
  • Enter the Amount you want to withdraw in the foreign denomination
  • Press confirm and collect the money
  • Now an option will come to print a receipt press “yes”
  • If you want to initiate another transaction then choose that option or end the session and collect the card and receipt if not already done.

How to Reduce the ATM Fee?

Keeping in a budget and saving a few bucks can easily be done by keeping few things in mind. You can follow these steps to reduce the ATM Transaction fee in the foreign country-

  • You can find whether you are a customer of a bank offering no extra fee for Foreign ATM transaction. This can prevent you from paying a few extra amounts to withdraw your money.
  • If you are using a bank ATM Card which has a bank or ATM Branch then you can use the bank’s ATM to withdraw the currency without paying the extra fee.
  • Avoid the Dynamic Currency Conversion (DCC) which gives you the option to choose the type of currency you want to pay with. The best option is to pay with the foreign country currency instead of the home country to save on the transaction fee.
  • Look for a bank with no foreign transaction fee