Since I have been finding that the demand for my first post on avoiding foreign ATM fees was fairly popular, I have decided to write a second to add a few of the other larger banks in Canada and make a chart so that it is easy to compare all the banks together!
So last time I touched on the foreign ATM situation of TD Bank, BMO, CIBC, RBC, Scotiabank and ING direct.
In this blog I will cover PC financial, and HSBC. I had a lot of trouble finding the ATM fees for the National Bank of Canada, so they will not be included here.
With PC financial, they only charge $3.00 foreign ATM charge, along with the 2.5% foreign exchange fee. This is slightly lower than most of the other banks that we have reviewed already, but they don’t appear to have an account to avoid this fee.
HSBC charges $3.00 + any convenience fee charged by the other financial institution and again, the 2.5% foreign exchange fee. HSBC does have a premier checking account that does waive all of the fees, but you must have $100,000 or more personal assets with HSBC bank and its subsidiaries.
So, to sum it all up, here is a chart showing each bank that I went over, and their charges.