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Hello,

Does anyone know if Indonesian banks charge foreign card owners a fee for using their ATMs? If so, are there any banks that do not, so that I can try to plan to stock up when near one.

Thanks

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1

Think it would be more important to find an ATM that gives out large amounts as most don't and associated charges are high.

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2

I have never been charged any fees from a BNI bank ATM. Most of the others don't charge anything as well (in fact I can't think of a time I have ever been charged by any bank's ATM that I have used, and I have used a lot of different ones) but I couldn't tell you with 100% certainty if that's true for ALL of the banks here.
FYI: exchange rates are dependent on your own bank back home, but are often based off of Bank Indonesia's rates: http://www.bi.go.id/web/en/Moneter/Kurs<i>Bank+Indonesia/Kurs</i>Transaksi/

My bank doesn't charge anything for foreign transaction fees, so the amount of money I can withdraw from an ATM at once doesn't matter at all.

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3

I don't think the banks charge a fee (at least, I haven't noticed one), but of course, your home bank probably will charge a fee.

Don't know if you're Australian, but I just got a 28 degrees credit card, which doesn't charge a fee for overseas withdrawal, and am keen to try it out on my next trip to Indo. Might be of interested to you if you're OZ.

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4

I'm not aware of any Indonesian banks charging fees for foreign card holders using their ATMs. BCA don't and if anyone does the fee would be peanuts. As emma33 said, you should be more worried about, and find out, what your home bank charges for offshore withdrawals.

For example if you have a Commonwealth Bank of Australia ATM card and make withdrawals at a non-CBA ATM in Indonesia you will be charged a flat $A5 plus 3% of the value of the withdrawal. A withdrawal of $A200 at a non-CBA ATM in Indonesia is therefore going to cost you $A11 ($A5 plus $A200x3%).

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5

Like above...don't worry about the bank in Indonesia charging you.

You need to consider what your home bank charges.......how much the ATM will give you (answer-can be a very low maximum).....and how often the card won't work at all (also often in outlying parts of Indonesia-make sure you have at least 2 cards if not more).

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6

In the U.S., Capital One and Charles Schwab both have no fees on using ATMs abroad. There may be other banks, but those are the two I know of.

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7

Poster #5 is spot on. Even if you have an account with an Indonesian bank they will not charge for the use of foreign bank cards in their ATM machines.

If you are fortunate to have a foreign (which is non Indonesian from where I sit) bank account which does not charge you for use of your bank card abroad, consider yourself very lucky.

US banks charge a fortune (upwards of $20.00 per ATM transaction abroad) and transaction can even include a simple balance check! Add to that a withdrawal limit of $250.00 per transaction and a per day limit of $500.00 and those fees can add up really quickly.

It never ceases to amaze me that with their very low crediting interest rates and up in the sky bank charges (US banks often charge $50.00 for an international bank wire) that banks in the US got to the verge of utter bankruptcy.

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8

No, that's not true. Their exchange rates are based off of the Bank Indonesia rates listed above. A friend and I have these accounts, and we've tested it. We get the exact amount BI lists.

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9

Trust me, those US banks that seem to be a bargain because they don't charge a fee for ATM withdrawals abroad are making up the short fall with ridiculous exchange rates.

Banks in the US ALWAYS get "their pound of flesh." It's in their nature..."greed is good." ;<)

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