What are the fees for using foreign debit or credit cards at Ethiopian ATMs?
Post ByAdequate Travel
Summary
Did you know that withdrawing money from ATMs using a foreign debit or credit card in Ethiopia can be expensive? This blog post will take a look at the fees that apply for using foreign debit or credit cards at Ethiopian ATMs. Keep reading to find out more. Stay informed about any travel restrictions or travel rules in place, as they may vary depending on your destination within the country.Fees for Using Foreign Debit or Credit Cards at Ethiopian ATMs
1. Withdrawal Fee:
- When using a foreign debit or credit card at an Ethiopian ATM, a withdrawal fee may be charged by both the card issuer and the local bank that operates the ATM. This fee can vary depending on the specific card, bank, and ATM used.- Example: If you withdraw 1,000 Ethiopian Birr from an ATM in Ethiopia using a foreign debit card, a withdrawal fee of 3% may be charged by your card issuer and an additional fee of 10 Birr may be charged by the local bank.2. International Transaction Fee:
- Apart from the withdrawal fee, some card issuers may also impose an international transaction fee for using their card outside of your home country. This fee is typically a percentage of the transaction amount.- Example: If you use a foreign credit card to withdraw money from an Ethiopian ATM, your card issuer may charge an international transaction fee of 2% on the total withdrawal amount.3. Currency Conversion Fee:
- If the currency of your card is different from Ethiopian Birr (ETB), a currency conversion fee may be applied. This fee covers the cost of converting your card's currency to ETB at the current exchange rate.- Example: If your card is denominated in US Dollars (USD) and you withdraw money from an Ethiopian ATM, a currency conversion fee of 2.5% may be charged for converting USD to ETB.4. ATM Operator Fee:
- Some ATMs in Ethiopia may charge an additional fee for using their services, which could apply to both local and foreign cardholders.- Example: If you use an ATM operated by a specific bank in Ethiopia, they may charge a flat fee of 15 Birr for each withdrawal made, regardless of the card type.It's important to note that the fees mentioned above are for illustrative purposes and can vary based on the specific banks, card issuers, and ATMs involved. It's advisable to check with your card issuer and the local bank for the exact fees associated with foreign card usage in Ethiopian ATMs.The place is known for its rich history and culture, welcomes tourists with open arms. However, be sure to review the travel advisory and travel warnings to ensure a safe and enjoyable experience.Suggested Questions
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