#atm

ATMs abroad: Allpoint, Plus, Cirrus and the hidden fees (5.38% IOF + spread + operator)

The international ATM is the most expensive channel for Brazilians abroad, and almost no one runs the numbers. A 5.38% IOF on credit withdrawals, a 3-6% bank spread, a USD 3-5 local operator fee and a R$ 20-30 fixed fee from the Brazilian bank stack up to 15% on each withdrawal. We map the Plus, Cirrus, Allpoint and MoneyPass networks, which Brazilian cards zero out fees, and the one strategy that makes ATMs make sense again.

Curadoria Voyspark · May 13