If you bank with an Alliance member, you can use Scotiabank’s ATMs without paying an ATM fee. Scotiabank, one of Canada’s largest banks, is part of the Global ATM Alliance. Some ATM networks in Canada offer free withdrawals to customers of participating banks: 1. Check if your bank is part of a fee-free network Here’s how you can avoid (or at least reduce) your exposure to ATM fees. If you choose to be charged in your home currency, the ATM will make up an exchange rate, which often means more for the bank and less for you. That way, you’ll get the mid-market rate, which is the fairest CAD exchange rate possible. Remember to always perform ATM transactions in the local currency, i.e. These fees are in addition to those charged by the Canadian ATM. Usually, you’ll be charged an ATM access fee and a foreign exchange fee. Your bank back home may also charge fees. Independently operated ATMs often have higher fees than ATMs operated by banks. Most charge between CAD$2 and CAD$5 in withdrawal fees. What are the fees on my card?įree ATMs are rare in Canada. Some ATMs (primarily those operated by Royal Bank of Canada and Toronto Dominion Bank) also accept six-digit PINs. Most ATMs accept four-digit numeric PINs. Cards with just a magnetic stripe on the back work too. You don’t need a chip-and-pin card to use a Canadian ATM. You can also find the nearest compatible ATM through Visa’s online locator (for Plus cards) and MasterCard’s ATM locator (for Cirrus and Maestro cards) Look out for your card network’s logo on an ATM before you try using it. However, most ATMs will also be compatible with Cirrus and Maestro, Plus or both. Otherwise, your Canadian transactions may be considered suspicious and your card blocked for security reasons.Ĭanada has its own local card network, called Interac. You should also let them know when you’ll be away. You should check if your card will work in Canada by asking your bank ahead of time. You’ll also find various independently operated ATMs called white label ATMs, because they lack any bank branding. They also form part of several interbank networks, including The Exchange. The country’s five largest banks - Royal Bank of Canada, Toronto-Dominion Bank, Scotiabank, Bank of Montreal and Canadian Imperial Bank of Commerce - operate their own branded ATMs. You’ll find them in bank lobbies and next to bank branches, but also in other places, including shopping malls, supermarkets, petrol stations, bars and restaurants. There are thousands of ATMs (also known as ABMs, or automatic banking machines) in Canada - over 65,000 to be exact. Here’s how to find - and use - ATMs in Canada. With about 223 ATMs for every 100,000 adults, you’ll never have to wait too long to make a withdrawal. Luckily, despite its low population density, Canada has a large number of ATMs. If you’re headed to Canada any time soon, you’re going to need Canadian Dollars. Travelling to Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Croatia Cyprus Czech Republic Denmark Egypt Estonia Finland France Georgia Germany Greece Hong Kong Hungary India Indonesia Ireland Israel Italy Japan Kenya Latvia Liechtenstein Lithuania Luxembourg Malaysia Malta Mexico Monaco Morocco Nepal Netherlands New Zealand Nigeria Norway Pakistan Peru Philippines Poland Portugal Romania Russia San Marino Singapore Slovakia Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland Thailand Turkey Ukraine Vietnam The UAE The UK The US.Life in Australia Austria Belgium Brazil Brussels Canada China Croatia Cyprus Czech Republic Denmark Finland France Germany Greece Hong Kong India Indonesia Ireland Italy Japan Luxembourg Malaysia Malta Mexico Netherlands New Zealand Nigeria Norway Pakistan Peru Philippines Poland Portugal Russia Singapore South Africa South Korea Spain Sweden Switzerland Sydney Thailand Vietnam The UAE The UK The US.
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