Can I use my Bank of America debit card in Europe? (2024)

Can I use my Bank of America debit card in Europe?

Using a Bank of America debit card in Europe will cost you $5 fee for ATM cash withdrawals made outside the United States plus an International Transaction fee of 3% of the withdrawal amount. If you use your Bank of America debit card to purchase goods in Europe it will cost you 3% of the purchase amount.

Bank of America will assess an international transaction fee of 3% of the converted US dollar amount. Foreign ATM operators may offer to do your currency conversion for you, but they may charge a higher fee for conversion.

Whenever possible, use your ATM or debit card at one of our international partner ATMs. If you use a non-partner ATM, you may be charged fees by both Bank of America and the ATM operator. A Bank of America International Transaction Fee of 3% will apply when converting your currency.

Protect your accounts while traveling

Bank of America no longer requests that customers set travel notifications, due to ongoing security efforts that include monitoring your accounts and sending automatic alerts to your phone or email if suspicious activity is detected.

Bank of America foreign transaction fees info:

Other Bank of America credit cards have 0% foreign transaction fees. Foreign transaction fees can apply when you travel abroad or make online purchases from foreign merchants.

There is no fee for ordering foreign currency online. The bank receives compensation from the purchase and sale of foreign currency banknotes in the form of the difference (also known as the spread) between the price we pay to obtain the foreign currency and the price at which we sell the foreign currency.

Many international travelers encounter foreign transaction fees while making purchases or withdrawing cash from an ATM in a foreign country. The easiest way to avoid a foreign transaction fee is to use a debit or credit card that waives foreign transaction fees while traveling abroad.

Bank of America said on Monday that it now employs over 800 people in Dublin and that its new European headquarters would operate through branches in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris and Zurich.

How much does Bank of America charge for foreign ATM withdrawals?

Bank of America will assess an international transaction fee of 3% of the U.S. dollar amount for all ATM withdrawals processed in foreign currency.

Following these travel tips can help ensure a safe vacation. If you need to contact your bank while traveling, help is just a phone call away – just dial the number on the back of your card or your bank's website.

Start your next trip off right by applying for a Bank of America® credit card with no foreign transaction fees. You can only compare up to 4 cards. Please remove a card before adding another.

Most cards in the U.S. now have a chip in them. Therefore, as long as you're not using an old card with a simple magnetic strip, you will be able to use your card in the terminals in France, as well as most places in Europe, without any problems.

In almost every case, euros you can get abroad from an ATM will be cheaper than those you can get back in the States. When buying in advance, get just enough to give you a comfortable cushion and get you through a day's worth of emergency expenses.

Bank of America account holders can exchange foreign currency (no coins) for U.S. dollars at a full-service banking center. Add a currency to view the currency exchange rates for that country and find out how much your foreign currency is currently worth in U.S. dollars.

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas.

You're not required to notify your credit card company when you're going away on vacation, but it is highly recommended. By letting your credit card company know where you're going and for how long, your company will know that any card transactions from that location were likely authorized by you.

Is Bank of America an international bank?

The company serves clients through operations across the United States, its territories and approximately 35 countries.

The main advantage of using a debit or credit card overseas is that you won't pay foreign transaction fees every time you spend. While many also won't charge fees for cash withdrawals, you will still usually be charged interest from the date of the transaction if you use a credit card.

Avoid "independent" ATMs, such as Travelex, Euronet, Moneybox, Your Cash, Cardpoint, and Cashzone. These have high fees. Note that these "independent" ATMs are often found next to bank ATMs in the hope that travelers will be too confused to notice the difference.

If you want to stick to a budget without the security risk of cash, then a prepaid travel card may be the best option. These work in a similar way to debit cards in that they can be used to withdraw cash – Or you can hand them over at the till to pay for goods and services.

Visa exchange rate

This is the exchange rate used by Visa to convert the transaction into sterling on the day Visa processes the transaction. This might not be the same day when the transaction took place. A 2.99% fee charged by us for using your debit card abroad when making purchases, withdrawing cash or for refunds.

Audio ATMs. You can access your accounts at thousands of automated teller machines (ATMs), all of which are audio ATMs. As a Bank of America account holder, you don't incur fees for withdrawals, transfers or balance inquiries at ATMs displaying the Bank of America name and logo.

How much does Bank of America charge for international transfers?

International wire transfer fees

If you send an international wire transfer in the foreign currency, Bank of America charges a $35 fee per transfer. If you send an international wire transfer in U.S. dollars, Bank of America charges a $45 fee per transfer.

Yes. As long as your ATM or credit card has either a Visa or PLUS logo, you can withdraw cash at ATMs that are part of the Visa or PLUS network. How do I find an ATM in the country that I'm traveling to? Visa is accepted at over 200 countries and territories around the world.

International ATM fee: Banks and credit unions typically charge a flat fee — often up to $5 — for using an ATM network in another country, plus a percentage of the amount you withdraw. This fee may be a different amount from your institution's domestic out-of-network ATM fee.

ALWAYS take the euro option. This also happens in shops and restaurants, purchase in pounds and the merchant can make up to 3% extra in commission.

key takeaways. European travelers should always have some cash on hand; getting it from an ATM abroad is usually the easiest, most advantageous way. Credit cards are generally accepted, especially in cities; but check with your card issuer about foreign transaction fees and currency exchange fees.

By far the easiest way to pay for things in France is simply to use an international credit card or debit card. Visa and Mastercard can be used all over France, and American Express cards and other international cards in a number of places.

ATMs are the best way to access money abroad and are increasingly available. Your bank or credit card company may charge fees for withdrawals overseas and may have a limit on the amount you can withdraw daily, so be sure to consult with your bank about this.

Can I withdraw money from debit card in another country?

Yes. As long as your ATM or credit card has either a Visa or PLUS logo, you can withdraw cash at ATMs that are part of the Visa or PLUS network. How do I find an ATM in the country that I'm traveling to? Visa is accepted at over 200 countries and territories around the world.

Bank of America will assess an international transaction fee of 3% of the U.S. dollar amount for all ATM withdrawals processed in foreign currency.

International ATM fee: Banks and credit unions typically charge a flat fee — often up to $5 — for using an ATM network in another country, plus a percentage of the amount you withdraw. This fee may be a different amount from your institution's domestic out-of-network ATM fee.

Debit cards vs credit cards while abroad

As debit cards usually charge more fees for usage and the exchange rate tends to be uncompetitive. Credit cards do come with higher interest rates however, so it's best to pay off your balance regularly and fully which is usually due on a monthly basis.

Bank ATMs usually do not charge usage fees and are generally more secure, as a thief is less likely to target a cash machine near surveillance cameras. Many European banks place their ATMs in a small entry lobby, which protects users from snoopers and bad weather.

Many international travelers encounter foreign transaction fees while making purchases or withdrawing cash from an ATM in a foreign country. The easiest way to avoid a foreign transaction fee is to use a debit or credit card that waives foreign transaction fees while traveling abroad.

Avoid exchanging money at airports and hotels - they usually have the worst rates. If you want to withdraw cash from an ATM when you're abroad, always do it in the local currency. This guarantees the mid-market rate.

How can I avoid ATM fees abroad?

Bank of America said on Monday that it now employs over 800 people in Dublin and that its new European headquarters would operate through branches in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris and Zurich.

Banks. Even if you want to exchange cash, it's generally better to do so in Europe. An exception would be if you believe the dollar's price will drop sharply while you're gone and you want to exchange before you go.