ATM Withdraws from US Checking Account

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Sir_Quality_U_Feel
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ATM Withdraws from US Checking Account

Postby Sir_Quality_U_Feel » Thu May 22, 2014 8:07 am

So I know that Canadia Bank doesn't charge for using their ATMs. My bank back home ( JP Morgan Chase) charges me a flat $5 no matter what I draw out of Canadia. The problem is that Canadia only lets me draw out a maximum of $400. So I pay that $5 on 400.

I am looking for possible options to withdraw larger amounts of money for around the same fees. Vattanak Bank ATMs are free of charge as well, correct? Maybe they have a higher withdraw limit, as my bank back home would still only charge me $5 fee.

Anyone have any suggestions? Only looking to pull out a bit more than the $400 at Canadia allows, nothing like a $10,000 transfer or anything.
I'll give ya 500 Riel for it...
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giblet
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Re: ATM Withdraws from US Checking Account

Postby giblet » Thu May 22, 2014 9:29 am

It depends on how long you plan to be here and how much cash you withdraw, but I would suggest doing a written comparison of your options.

A) Cost to take out X a month using Canadia with $5 Chase fees
B) Cost to take out X a month using ANZ/whatever with $5 Chase fees
C) Cost to open a local bank and wire transfer money in from Chase

Depending on your spending patterns, opening a local bank account probably makes sense.
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Sir_Quality_U_Feel
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Re: ATM Withdraws from US Checking Account

Postby Sir_Quality_U_Feel » Thu May 22, 2014 10:23 am

giblet wrote:It depends on how long you plan to be here and how much cash you withdraw, but I would suggest doing a written comparison of your options.

A) Cost to take out X a month using Canadia with $5 Chase fees
B) Cost to take out X a month using ANZ/whatever with $5 Chase fees
C) Cost to open a local bank and wire transfer money in from Chase

Depending on your spending patterns, opening a local bank account probably makes sense.
I have a Canadia Bank Account. I never checked on wire transfers with them because with their free ATM use, it was always the cheapest to just got with them. I am just curious if any other ATMs around offer free service like Canadia but with a higher withdraw limit. If not, Canadia at $400 for a total of $5 fee is just fine. Would be nice to be able to pull out like $1000 for 5$ however.
I'll give ya 500 Riel for it...
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Jacobincambodia
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Re: ATM Withdraws from US Checking Account

Postby Jacobincambodia » Fri May 23, 2014 4:36 pm

Sir_Quality_U_Feel wrote:So I know that Canadia Bank doesn't charge for using their ATMs. My bank back home ( JP Morgan Chase) charges me a flat $5 no matter what I draw out of Canadia. The problem is that Canadia only lets me draw out a maximum of $400. So I pay that $5 on 400.

I am looking for possible options to withdraw larger amounts of money for around the same fees. Vattanak Bank ATMs are free of charge as well, correct? Maybe they have a higher withdraw limit, as my bank back home would still only charge me $5 fee.

Anyone have any suggestions? Only looking to pull out a bit more than the $400 at Canadia allows, nothing like a $10,000 transfer or anything.
I also bank at Chase in the US. Almost all the time, I use Cathway (formerly known as SBC Bank). They are the red ATMs or green now. You can withdrawl up to 1k per day. U might need to make a request first with Chase. Never had an issue!
walkjivefly
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Re: ATM Withdraws from US Checking Account

Postby walkjivefly » Fri May 30, 2014 12:21 pm

You can get $500 fee-free from Mekong Bank ATMs. There's one in the Phnom Penh tower on the west side of Monivong near Sihanouk.
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Rain Dog
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Re: ATM Withdraws from US Checking Account

Postby Rain Dog » Fri May 30, 2014 2:45 pm

Sir_Quality_U_Feel wrote:So I know that Canadia Bank doesn't charge for using their ATMs. My bank back home ( JP Morgan Chase) charges me a flat $5 no matter what I draw out of Canadia. The problem is that Canadia only lets me draw out a maximum of $400. So I pay that $5 on 400.

I am looking for possible options to withdraw larger amounts of money for around the same fees. Vattanak Bank ATMs are free of charge as well, correct? Maybe they have a higher withdraw limit, as my bank back home would still only charge me $5 fee.

Anyone have any suggestions? Only looking to pull out a bit more than the $400 at Canadia allows, nothing like a $10,000 transfer or anything.
I thought Canadia changed their policy and now charged the $5 fee --- can anyone confirm this?
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Re: ATM Withdraws from US Checking Account

Postby Camel Blue » Fri May 30, 2014 4:28 pm

OP - you could always try an over the counter withdrawal for larger amounts, I recently did one at ANZ and they charged $25, which was cheaper than the $5 for each separate ATM transaction


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