Forum Discussion
Kidoo
Nov 01, 2016Explorer
I just took a debit and US credit card from Scotia. They assured me I could witdraw money from the Mex Scotia bank or their ABM, I would expect it is free of machine charge, but I suppose there will be a 2 to 4% charge over the exchange fee.
Here is what they say on their Website: Scotiabank is a founding member of the Global ATM Alliance. When you’re travelling, you can use the ABMs of the international banks in the Alliance, and you’ll skip the surcharge and access fees.
Here is some info I was told by scotia bank. In USA, I am suppose to be able to withdraw money from the Bank of America automatic machine without machine fee. If they collect a fee, I will call them and try to get re-imburse, otherwise, I will discontinue use of this card and close all my account, no need if I get no benefit and I hate to be rip-off. When you withdraw money from Bank of America, you have to take it from your Scotia canadian money account, even if you have a US money account in Canada. So there will be a money exchange fee of 3% over the day exchange rate.
Your US money account is just to withdraw US money in Canada or to pay your Scotia bank US credit card.
Here is what they say on their Website: Scotiabank is a founding member of the Global ATM Alliance. When you’re travelling, you can use the ABMs of the international banks in the Alliance, and you’ll skip the surcharge and access fees.
Here is some info I was told by scotia bank. In USA, I am suppose to be able to withdraw money from the Bank of America automatic machine without machine fee. If they collect a fee, I will call them and try to get re-imburse, otherwise, I will discontinue use of this card and close all my account, no need if I get no benefit and I hate to be rip-off. When you withdraw money from Bank of America, you have to take it from your Scotia canadian money account, even if you have a US money account in Canada. So there will be a money exchange fee of 3% over the day exchange rate.
Your US money account is just to withdraw US money in Canada or to pay your Scotia bank US credit card.
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