Is there a fee-free ATM at Manila Airport (MNL) and what is the maximum withdrawal amount per transaction?
I have a US bank debit card (CapitalOne 360, formerly INGDirect) that lets me make withdrawals for free, in the local currency, and at the prevailing official MasterCard market exchange rates (which are usually very good - I've tried and tested this card in many countries.)
But often the country's local ATM will charge some transaction fee, especially if you are using a foreign card. In some countries, fee-free ATMs are common, while in others they do not exist.
This question is specifically for the Philippines. I'm hoping to get PHP when I land in Manila.
Googling I see some old forum posts on TA and LP saying that the fee is either 200 or 150 pesos, with a max withdrawal amount of 10,000 pesos. One post claims there are some free ATMs (Citibank, HSBC, Maybank, Standard Chartered, China Trust Bank) in the country.
Can I find such an ATM at the airport? And if there are no such free ATMs in the airport, are there any in the city of Manila?
Best Answer
IF you can get an account in USA...
Schwab bank visa debit refunds any ATM fees at the end of each month. They use the bank exchange rate when getting non-U.S. funds at an ATM. Same rate if I use it for a purchase.
I have heard of other banks with similar terms, but I can't name them.
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How much is the maximum withdrawal ATM?
Your ATM max withdrawal limit depends on who you bank with, as each bank or credit union establishes its own policies. But, generally, ATM cash withdrawal limits range from $300 to $1,000 per day. Again, this is determined by the bank or credit union; there is no standard daily ATM withdrawal limit.Is withdrawing money from an ATM free?
Most debit cards are part of an ATM network that allows you to make free withdrawals. Whether you bank with a megabank or a local institution, banks and credit unions often team up with card networks. Using an ATM for free is often just a matter of finding ATMs in the right network.How much can I withdraw from an ATM in Philippines?
ATM Withdrawal Limit in the PhilippinesBank NameATM Withdrawal LimitPNBPHP 50,000PSBankPHP 30,000RCBCPHP 50,000Security BankPHP 50,0009 more rows•Jan 21, 2022How much can u withdraw from Citibank ATM?
Rates & FeesAccountThe Citigold Account PackageOther Citi Banking Account Packages 8Banking Access LimitsATM/Debit Daily Cash Withdrawal Maximum$2,000$1,500Daily Debit Card PIN and Non PIN-Based Purchases Limit$10,000$5,000Banking Fees19 more rowsStop Paying Hidden Fees at Foreign ATMs
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Answer 2
You can try asking for a Visa or MasterCard cash advance at the exchange window, for an amount greater than the ATM limit. Use a Visa or MC debit card, not credit card, as credit cards start charging interest the moment you get the advance. Many debit card issuers treat a cash advance as a purchase not an ATM withdrawal so don't charge any ATM fee, though you need to check with your bank in advance. Some banks charge a service fee for cash advances, so again ask first.
The limit on withdrawals from an ATM is a physical one, the machine can only process 20 banknotes at a time. So the maximum a machine can dispense would depend on whether the ATM was stocked with 1000 peso or 500 peso notes. Banks stock their ATMs differently based on location, rural locations where locals take only small amounts have small denomination bills, in tourist areas where big withdrawals are common, they load bigger notes. This further effects max amount possible.
If you are only looking for enough Pesos to get into town and have some spending money for that first day, I would just bring some cash and swap it at the exchange window when you arrive. Then the next day explore the banks & exchange services in town to find the best place to get the rest of your travel cash needs.
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