When travelling internationally, using a forex card for ATM withdrawals can be incredibly convenient. It lets you access local currency on the go, often at better rates than exchanging cash at airports or money changers. However, it’s important to understand the forex card charges or fees that may apply, along with essential safety tips to protect your money while abroad.

This guide breaks down everything you need to know before hitting that overseas ATM.

Why travellers rely on forex cards for ATM withdrawals?

Forex cards are designed specifically for international use. They allow you to:

• Withdraw local currency easily
  
  
• Avoid carrying too much cash
  
  
• Lock in favourable exchange rates before travelling
  
  
• Track and manage your spending digitally

But while they offer convenience and security, ATM withdrawals aren’t always free, and the charges can vary by country and card provider.

Hidden forex card fees to watch out for

Not all forex card charges are obvious. Here are the most common ones you should be aware of before withdrawing abroad:

ATM withdrawal fee

Some forex card issuers charge a flat fee per withdrawal. This can range from a small fixed amount to a percentage of the amount withdrawn.

These fees can add up quickly if you withdraw small amounts multiple times during your trip. It’s always better to withdraw larger sums at once to lower your overall forex card fees. Make sure to check your provider’s tariff sheet before travelling.

ATM operator surcharge

This is not charged by your forex card provider, but by the ATM owner abroad. It’s common in countries like the US, Thailand, Japan, and parts of Europe.

You’ll usually see this surcharge displayed on the screen before you confirm the transaction. Unlike provider fees, these charges cannot be avoided completely, but choosing bank-owned ATMs instead of third-party kiosks often reduces the cost..

Cross-currency conversion fee

If your forex card holds one currency but you withdraw in another, an extra conversion fee may apply. Example: Withdrawing Euros using a USD-loaded card.

Zero forex markup cards minimise this charge, but do not eliminate it when currencies differ. Always load the destination currency, if possible, to avoid unnecessary foreign exchange card charges and to gain clearer visibility of your spending.

International transaction fee

Some providers still charge a fee per international transaction, including ATM withdrawals. Always check if your card has this listed under forex card fees.

These fees may be fixed or percentage-based, and they can significantly increase the cost of accessing your own money overseas. Opting for a zero forex markup card helps eliminate many of these charges.

Balance enquiry fee

Even checking your balance at a foreign ATM can attract a small fee, depending on your card provider.

It’s best to use the mobile app linked to your forex card to view your balance instead of relying on ATMs abroad. Regular app checks will help you track spending without triggering unnecessary forex card fees.

Inactivity or reload charges

Although not directly linked to ATM withdrawals, these extra forex card charges may apply if your card remains unused or if you reload funds frequently.

Inactivity fees typically apply after a few months of no transactions, while reload charges apply every time you top up the card. Knowing these conditions beforehand helps you plan your loading and spending more efficiently.

Safety tips for using forex cards at ATMs abroad

Here are some tips for safely using your forex cards at ATMs abroad:

Use ATMs attached to reputable banks

Avoid standalone ATMs in tourist spots, shops, or petrol stations. Bank-run ATMs are more secure and less likely to impose high operator surcharges.

Cover the keypad when entering your PIN

Simple but crucial. Shield your PIN from bystanders and hidden cameras.

Avoid withdrawing late at night

Choose ATMs located inside bank lobbies, airports, or shopping centres with security cameras.

Decline “Dynamic Currency Conversion” (DCC)

If the ATM asks whether to charge you in your home currency (INR), always decline. Selecting INR leads to poor exchange rates and unnecessary forex card charges. Always choose the option that charges you in the local currency.

Keep an eye on your card after inserting it

Never let the machine retain your card longer than usual. If it feels suspicious, cancel the transaction and use a different ATM.

Enable transaction alerts

Most forex cards allow SMS or app notifications. Real-time alerts help you spot unauthorised withdrawals immediately.

Keep a small amount of emergency cash

ATMs in remote areas may run out of cash. Carrying a little foreign cash avoids unnecessary withdrawals.

How to minimise forex card fees when withdrawing abroad

To minimise the card fee and other charges when withdrawing cash abroad, follow these tips:

• Withdraw larger amounts less frequently to reduce per-transaction charges.
  
  
• Use zero forex markup cards, which eliminate extra conversion fees on spending.
  
  
• Plan ATM withdrawals during business hours near reputable banks.
  
  
• Avoid unnecessary balance enquiries at ATMs, use your card’s app instead.
  
  
• Check your card provider’s list of partner banks abroad (if available), which often have lower ATM fees.

When to choose ATM withdrawals vs carrying cash?

If you are confused about when to carry cash and when to use ATMs, let’s clarify:

ATM withdrawals are better when:

• You want the best value for money
  
  
• You travel to countries with reliable banking networks
  
  
• You prefer not to carry too much cash on arrival

Carrying forex cash is better when:

• You’re travelling to rural areas
  
  
• Card acceptance is low
  
  
• Withdrawal charges are unusually high in that destination

The ideal approach is a mix of both, a forex card for most spending, and a small amount of cash for emergencies.

Wrapping Up

ATM withdrawals abroad using forex cards offer incredible convenience, but understanding the forex card fees and forex card charges can help you avoid unnecessary costs. Choose the right card, stay alert while using ATMs, and plan your withdrawals wisely to make the most of your international travel budget.

If you want to minimise hidden charges and enjoy truly hassle-free international spending, Niyo’s zero forex markup cards are one of the best options available. They allow you to withdraw cash abroad at live VISA rates, avoid extra conversion fees, track spending through the app, and access 24/7 support, making them a smart, transparent, and traveller-friendly choice for your next trip.