5 Airport Atm Hacks You Need To Know

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Traveling can be a thrilling experience, but it can also be costly, especially when it comes to accessing your money while abroad. One of the most convenient ways to get cash while traveling is by using an airport ATM. However, using an airport ATM can come with some hefty fees and charges. In this article, we will explore 5 airport ATM hacks you need to know to save money and make the most of your travels.

Understanding Airport ATM Fees

Before we dive into the hacks, it's essential to understand the types of fees associated with using an airport ATM. These fees can add up quickly, and knowing what to expect can help you make informed decisions about your money.

There are typically three types of fees you'll encounter when using an airport ATM:

• Foreign transaction fees: These fees are charged by your bank for converting your money into the local currency.
• ATM fees: These fees are charged by the ATM operator for using their machine.
• Withdrawal fees: These fees are charged by your bank for withdrawing cash from an ATM.

These fees can range from 1-5% of the withdrawal amount, and can quickly add up.

Airport ATM Hack #1: Use an ATM with No Foreign Transaction Fees

One of the most significant fees associated with using an airport ATM is the foreign transaction fee. However, some banks and credit card companies offer accounts with no foreign transaction fees. If you're a frequent traveler, it's worth considering switching to one of these accounts.

Some popular banks and credit card companies that offer no foreign transaction fees include:

• Chase Sapphire Preferred
• Capital One 360
• Schwab Bank

Airport ATM Hack #2: Use an ATM that Belongs to the Allpoint or Visa Plus Network

Another way to avoid ATM fees is to use an ATM that belongs to the Allpoint or Visa Plus network. These networks offer a wide range of ATMs that are surcharge-free, meaning you won't have to pay the ATM operator's fee.

You can find Allpoint and Visa Plus ATMs at many airports, as well as other locations around the world.

Airport ATM Hack #3: Withdraw Larger Amounts to Minimize Fees

When using an airport ATM, it can be tempting to withdraw smaller amounts of cash to avoid running out of money. However, this can result in higher fees over time.

To minimize fees, consider withdrawing larger amounts of cash at once. This will reduce the number of times you need to use the ATM, and can help you save money on fees.

Airport ATM Hack #4: Use a Credit Card with No Cash Advance Fees

If you need to access cash while traveling, using a credit card with no cash advance fees can be a good option. Some credit cards, such as the Chase Sapphire Preferred, offer no cash advance fees on certain types of transactions.

Keep in mind that you'll still need to pay interest on your cash advance, so be sure to pay off your balance as soon as possible.

Airport ATM Hack #5: Use a Prepaid Currency Card

A prepaid currency card is a type of debit card that's loaded with a specific amount of foreign currency. These cards can be used to make purchases and withdraw cash from ATMs, and can often be used to avoid foreign transaction fees.

Some popular prepaid currency cards include:

• Mastercard Cash Passport
• Visa TravelMoney

Conclusion

Using an airport ATM can be a convenient way to access cash while traveling, but it can also come with some hefty fees and charges. By understanding the types of fees associated with using an airport ATM, and using the hacks outlined in this article, you can save money and make the most of your travels.

Remember to always do your research and understand the fees associated with your account before using an airport ATM. Happy travels!