[seattle_spring]

I’m honestly confused. The ATM doesn’t choose the exchange rate, your bank does. I use my own bank’s ATM card to pull out cash in foreign countries and it’s always the correct exchange rate, and always the same as using a credit card (which OP says is a good rate?).

[oasisbob]

Most people agree the best rates are obtained if the transaction is done in local currency with the network providing the conversion. However, some ATMs and credit card terminals give the option to either send the transaction to the network in local currency, or the cardholders currency. If you choose to let the terminal submit in your currency, you're going to get that conversion rate instead.

I don't understand the advice here either. It's not hard (at least as someone in the US) to find a card offering no foreign transaction fees, and I thought everyone agreed that the card network conversion rates are about the best you're going to find as traveller.

ATM fees can sometimes be unavoidable, but sometimes even finding a functional ATM was a blessing, so ...