I am going to be studying in Chennai, India next year. What is the best bank for me to use to withdraw money while I am there? I was going to use Ally but Ally charges up to 1% of the transaction and doesn’t reimburse ATM fees overseas. Any other advice about banking while I’m in India? Thanks!

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Posted by Max Bessesen (MONEY FORUMS: 1, Answers: 2)
Asked on May 12, 2016 10:20 pm
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Most institutions charge a 3% international transaction fee, so 1% doesn’t sound that high. I’m not sure any banks cover the foreign bank’s ATM fee….just look for the lowest cost ATMs.

The best thing to do is to find and use a credit card that does NOT charge an international transaction fee.

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: June 23, 2016 11:00 am