Travelers often need cash for small purchases on vacation. They can withdraw this using their girocard or credit card.
But beware: In Austria, withdrawing cash can be expensive, especially if you have a foreign card used.
Fees vary depending on the bank and card type.
Sometimes it is better to use a credit card, especially if you are travelling outside the Eurozone. It is also important to inform your bank before travelling.
This will prevent the card from suddenly being blocked.
Recommended bank cards for free withdrawals
Some cards allow you to withdraw money for free in Austria. These special cards are good for travelers and locals.
TF bank Mastercard Gold
The TF Bank Mastercard Gold is a good choice for those who often travel abroad. It makes Withdraw money cheaplyThis card has no annual fee, which means you save money every year.
In addition, this Mastercard does not charge high fees for cash withdrawals outside the Eurozone. This is particularly useful if you need to withdraw money in countries with a currency other than the Euro.
Once I urgently needed to withdraw money in Austria. I used my TF Bank Mastercard Gold and was surprised. There was no extra costs for me. The experience has shown that this card really does what it promises.
This meant I could continue my journey without having to worry about high fees.
Fees for foreign transactions should be requested from credit card providers in advance.
TF Bank Mastercard Gold (100% FREE)
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Advantages:
– Free cash withdrawals worldwide.
– Free travel insurance package included!
– Additional protection and flexibility abroad
– No annual fee -
Characteristics:
– Google Pay & Apple Pay kompatibel
– No need to change accounts or banks
– 51 days interest-free payment.
CLICK HERE
Apply now for free
Germany Credit Card Classic
The Deutschland Credit Card Classic makes withdrawing money in Austria easy. With this card you can pay no annual fee and no fees for withdrawing cash abroad.
This means you can withdraw money anywhere in Austria without paying extra. With a Start-up credit line up to €2,500 it offers enough flexibility for your expenses.
This card uses the Visa exchange rate. This is good because you don’t lose money on conversion. I have used the card while travelling and have been able to pay everywhere without any problems and without having to worry about additional costs.
Whether at the Sparkasse or another bank in Austria, the Deutschland Guthabenkarte Classic was accepted without any problems.
Germany Credit Card Classic (100% FREE)
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Free cash withdrawals abroad
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No foreign currency fee when paying on holiday
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Real credit card – flexible repayment in small installments
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Possible without changing accounts!
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Google Pay and Apple Pay compatible
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Innovative Online Banking App der Hanseatic Bank
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The best credit card for travel!
now CLICK HERE
Apply for the 0€ Visa Card online
DKB checking account with debit card
The DKB checking account with debit card makes it easy to withdraw money anywhere in Austria. There are no costs for active customers. You can withdraw cash without fees from as little as €50.
This account also comes without foreign currency fee and foreign transaction fee This means you have more money in your pocket when you are on the go.
I used this card myself when travelling. It was easy to get free cash from many ATMs in Austria. Paying in shops was also easy and there were no hidden costs.
Die Card security gave me a good feeling. I was also able to pay online everywhere that accepted Visa. As a bonus, the benefit you get depends on your own credit rating.
Avoid fees when withdrawing money
You can easily save fees when withdrawing money in Austria. It is important to use the right card and choose the right bank.
Using debit cards instead of credit cards
ATM cards are often the better choice for withdrawing money in Austria. With a debit card, the fees are usually lower. German banks and savings banks charge up to 10 € for Cash withdrawals with Credit cards.
The costs with a debit card are often lower. Some Austrian ATMs charge additional fees if you have a foreign card These are between €4 and €6.
Use ATM cards for lower fees when withdrawing money in Austria.
In comparison, credit cards can charge up to 3% of the amount withdrawn. This can be expensive, especially if you withdraw money often or withdraw large amounts. With debit cards, you pay a lower fee. Flat fee or sometimes even nothing, depending on which ATM and bank you choose.
Choosing the right bank and card
After exploring the benefits of using Debit cards discussed, it is important to suitable bank and card for fee exemption Choosing the right financial institutions and payment methods can save a lot of money.
Germany Credit Card Classic, TF Bank Credit Card Gold and DKB checking account with debit card offer good conditions, such as free cash withdrawals.
The TF Bank credit card has an innovative app that allows you to transfer money abroad in different currencies.
It requires no annual fee and no foreign currency fee.
Thomas shares his experiencethat he never had to pay an ATM fee with his Austrian payment methods. Nevertheless, users report high fees at certain Austrian banks.
To avoid these fees, a Comparison of card conditions essential. Always check your bank’s service list and look for Partner networks in Austriato withdraw money free of charge.
Tips for using ATMs in Austria
In Austria, simple tricks can help you save money when withdrawing money. Find out which ATMs have no extra costs to avoid fees.
Find ATMs without additional fees
To find ATMs without additional fees, you should choose banks that cooperate with your own bank. Many banks in Austria, such as Erste Bank and Raiffeisenbank, have Partner banks abroad.
There are no extra fees when you use their ATMs. Look for ATMs with the Master- or V-Pay-Logoas these are often cheaper.
Use Apps from online banks like N26, the free cash withdrawals throughout the EU. These apps often show you where to find an ATM near you that doesn’t incur any additional costs.
Saving money when withdrawing money abroad can be easy if you know where to look.
Avoiding DCC (Dynamic Currency Conversion)
You should always pay in the local currency to avoid DCC fees. These fees can be up to 10%. For example, if you are paying with your credit card in Austria, choose euros instead of your home currency.
This also applies to countries such as Turkey with the Turkish Lira or Thailand, where an additional charge of around 200 Baht may apply.
DCC sounds convenient because you see the amount in your currency. But this service costs extra money. Therefore, always choose the Option “without conversion” at the ATM or card reader.
How to get the best exchange rate and save fees.
Now it is about Important information for tourists.
Important information for tourists
Tourists should keep an eye on banking fees. It is good to know more about ATM networks.
Pay attention to local bank fees
In Austria, local bank fees when you withdraw money. For example, Bank Austria charges €2, Hypo charges €4 for DKB Visa cards and at Raiffeisenbank you pay €4.95 for ING Visa.
A withdrawal of €100 in Kitzbühel also costs €4.95. Such fees can be surprising and put a strain on your budget.
I remember when I wanted to withdraw money with my credit card in Vienna. Without knowing, there were additional fees for the withdrawal. That taught me to always check the terms and conditions of my bank and look for ATMs that don’t charge extra.
This saves money when withdrawing money abroad.
Next time we should look at ATM networks.
Knowledge of ATM networks
Banks often form alliances. This means that customers can withdraw money from these banks’ ATMs free of charge. I experienced this myself when I was in Austria with my Sparkasse card.
My card has V-Pay and Maestro. With V-Pay I was able to withdraw money in other European countries without any costs. With Maestro this would be possible worldwide. It is important to check which cards these are before travelling.
The EU has set a rule that states that fees for withdrawing money within the eurozone cannot be higher than in the home country. So when I needed cash in Austria, I didn’t pay high fees.
This information helps to avoid expensive surprises. If you choose your card wisely and know the networks, you can withdraw money anywhere without any problems.
conclusion
Before traveling to Austria, you should check your debit or credit card.
Make sure that you do not incur high fees when withdrawing money. Inform your bank about your plans to travel abroad to avoid having your card blocked.
Avoid DCC to save extra fees. With these tips, you can easily withdraw money in Austria without paying much.
frequently asked Questions
1. How can I avoid fees when withdrawing money in Austria?
To avoid high fees when withdrawing money in Austria, pay attention to your bank’s terms and conditions and choose ATMs that do not charge additional fees. Use a credit card or debit card with the Visa or Mastercard logo.
2. What role does currency conversion play when withdrawing money abroad?
Currency conversion can have a big impact on the amount of costs. Pay attention to the daily exchange rate and avoid the DCC (Dynamic Currency Conversion) cost trap, which adds a surcharge to the exchange rate.
3. Can I also withdraw cash in other countries?
Yes, but withdrawing money abroad can incur high fees. Find out about the local currency and possible fees from your bank or Volksbank before you leave.
4. What should I keep in mind if I need to block my card?
If you need to block your card, contact your bank or BNP Paribas immediately. Please note, however, that fees may apply.
5. Is there a minimum amount for withdrawing money from ATMs abroad?
Yes, there is often a minimum amount for withdrawing money abroad. This is usually between 4 and 6 euros. If the amount is over 10,000 euros, you must report this.
6. Is it better to pay by card or cash abroad?
Both have advantages and disadvantages. Card payments can be convenient, but they can also incur fees. Cash is often useful, especially for tips or in countries where card payments are not widely accepted.
