You can almost always deny to accept the exchange fee and get your own bank's rate.
Comment on FOREX is not for the faint hearted
frog@feddit.uk 1 week agoYeah. If you have an option, going to a currency exchange place in a local area is a lot closer to the exchange rate.
The ATM I used had like a $6 fee on top of a 5% of what I was taking out. Ewww.
socsa@piefed.social 1 week ago
MentalEdge@sopuli.xyz 1 week ago
The guy you’re replying to, is saying the opposite.
Using an ATM usually gets you your banks exchanging rate, which depending on your bank, can be damn near free. (If the ATM tries to do the exchange for you, refuse, let your bank do it).
Same goes online. Paying with paypal, I never ever use their exchange service. Charging my card directly with the foreign currency is ALWAYS a better deal due to how good the exchange rate provided by my bank is.