Everything about withdrawal costs

Because we are convinced that you are able to manage your money alone, Orange Bank promises you support in line with its time and putting confidence at the heart of the relationship.

What are my withdrawal and payment costs abroad ?

Premium card: Currency payments and withdrawals are free all over the world.

Standard card: Currency payments are subject to costs of 2% on the amount and cash withdrawals in an automatic ticket distributor (DAB) in currency are subject to costs of 2% on the amount.

• The costs are systematic, Regardless of the number of payments or withdrawals carried out.
• A first amount is displayed instantly after payment or retirement, with the conversion rate in force during the transaction, but this amount is indicative.
• When counting the operation by the merchant, the amount is updated with the conversion rate of the accounting day: this is the actually debited amount.
• 2% fees are calculated on this amount

Some banks charge costs when withdrawals from their automatic distributors. If this is the case, they must inform the customer by any means before withdrawal.

Everything about withdrawal costs

For small payments of a few euros, or simply because some traders do not accept bank cards, you sometimes remove species in an automatic ticket distributor (DAB). Later, by consulting your bank statements, you have the unpleasant surprise to discover that withdrawal fees were billed to you. What is this ? Is it possible to avoid them ? All our advice.

Withdrawal costs: what is it ?

The withdrawal fees are part of the bank charges applied by your bank when you withdraw money in an automatic ticket distributor managed by a competing establishment. This is a commission taken by your bank, notified on your bank account statements.

These withdrawal fees are in the form of fixed costs or percentage, or both at the same time. Fixed costs can go up to around 2 euros per withdrawal, while variable costs sometimes amount to 3 % of the amount withdrawn.

The different types of withdrawal fees

THE withdrawal fee The most common are the costs applied by the establishment issuing the bank card for all withdrawals of species in a “dab” managed by a competing bank. Nevertheless, most of the time, your bank tolerates a number of “free” withdrawals from competitors every month, before applying costs on each of your withdrawals. Do not hesitate to consult the price policy of your banking establishment.

Note, online banks are generally those that charge the least withdrawal fees – free or very low – because they do not always have automatic distributor networks.

Money withdrawal fees abroad

THE withdrawal fee abroad, euro zone or not, can be more important. The latter are calculated according to the pricing policy specific to each country. Two main parameters come into account:

• The amount of withdrawal fees abroad applied by your banking establishment;
• The amount of withdrawal fees applied by the Tickets distributor itself.

Abroad, the calculation of withdrawal fee is generally done according to a percentage of the amount withdrawn, although fixed costs can also be imposed.

Did you know ?

Excluding the euro zone, Australia would be one of the countries that charges the highest withdrawal costs, according to a study carried out by TransferWise in 2019 and relayed by Capital. The United States and New Zealand would arrive in second and third position respectively. Conversely, Bulgaria would be the least “gourmet” country. As for the country of the euro zone which displays the highest commissions, Poland would come to the lead.

Tips to avoid withdrawal fees

Unlike certain bank charges, it is possible to avoid withdrawal fees. Several tips can help you:

• Consider the tariff policy of your bank in order to know the number of “free” withdrawals per month, as well as the amount of the costs possibly applied;
• Enjoy withdraw money from your bank DAB When you pass nearby, so as not to be taken from lessons and be forced to go to the distributor of a closest competitor to pay for your purchases in cash;
• Proceed with higher cash withdrawals, to reduce the number of withdrawals every month;
• Use your bank card as soon as possible, to keep your currency for payments that cannot be made differently;
• Abroad, pay as much as possible by bank card and if you travel regularly, why not open a bank account in an online bank or a 100 % mobile bank that offers suitable services ?

At Orange Bank…

At Orange Bank, no surprises on your bank account statements, cash withdrawals are completely free in France, and without limit per month. In the euro zone ? No withdrawal costs either: you can withdraw money from all distributors who accept Mastercard cards.

Outside the euro zone, cash withdrawals are also free with the Premium Orange Bank card. However, if you have the standard card, you are billed up to 2 % of the amount withdrawn.
Also note that at Orange Bank, no account holding costs is applied, from the moment you make at least one payment or withdrawal per month .

Orange Bank advises you and accompanies you ..

Because we are convinced that you are able to manage your money alone, Orange Bank promises you support in line with its time and putting confidence at the heart of the relationship.

If you are one of those who wish to revolutionize the bank, join Orange Bank !