Multi-account ATM Cards

LHD · Sep 1st, 2008, 18:15

Apologies in advance if I have missed an answer to my following question. Have searched high and low to no avail...

I'm from Australia and have a debit account linked to my credit card. In SE Asia I found ATMs allowed me to select which account I wish to withdraw $ from (i.e. my Australian bank account or cash advance from credit card). In Europe, however, I found myself having to use cash advance from credit card only when withdrawing $ (and subsequently pay much more in bank fees) as ATMs failed to "see" my debit account.

Would anybody be kind enough to shed some light if Indian ATMs accept (recognise/read) multi-account ATM cards and actually recognise both accounts linked.

Many thanx in advance!

Mickey S · Sep 1st, 2008, 18:49

The ATMs I used in India generally asked me whether I wanted to withdraw money from a savings account, current (checking) account or credit card account.

In Europe, as far as I am aware, we don't have multi-account cards, which is why machines don't ask which account you wish to use.

LHD · Sep 4th, 2008, 16:09

Many thanks!

Aishah · Sep 4th, 2008, 16:13

Yes - the ATM's I've used here will allow that card - you press 'Savings' for your savings account. No problems.

Paresh · Sep 6th, 2008, 21:12

Are you trying to withdraw amount from your Australian Bank Account via a debit/ATM card in India? If yes, I seriously doubt that ATMs will allow you to do that. You must be having a saving/current bank account with the bank of which you are holding a debit card and this account should be registered in India.

I strongly suggest to check this with your bank. If your bank has presence in India, ask them that will they allow you to take money out of your Australian bank account in India *without any extra charges*.

You can take the cash from Credit Cards because they are linked by international network via Visa, Mastercard, AmEx etc. As you mentioned, there is a separate fee associated with this.

Mickey S · Sep 7th, 2008, 04:10

Quote:

Originally Posted by Paresh

Are you trying to withdraw amount from your Australian Bank Account via a debit/ATM card in India? If yes, I seriously doubt that ATMs will allow you to do that. You must be having a saving/current bank account with the bank of which you are holding a debit card and this account should be registered in India.

I'm not quite sure what you mean by this, but I have had absolutely no problems withdrawing money from my British bank account using a debit/ATM card in India. And my bank did not charge me a single penny for doing so.

Nick-H · Sep 7th, 2008, 04:19

Barclays, UK, used to use the same piece of plastic for credit, debit and ATM.

Do they still do that?

Must be plenty of Barclays customers travelling here: what does the machine do, debit your bank account, or your barclaycard account?

LHD · Sep 7th, 2008, 08:59

I understand that the local Indian bank I would use must be participant to a Maestro/Cirrus or Visa PLUS interbank network for me to withdraw. And since majority of Indian banks I have done research on are, withdrawing $ from international bank accounts shall not be a problem, I believe.

synthette · Sep 7th, 2008, 09:20

yes - that's right, LHD. I've accounts with TD trust (Toronto Dominion Bank) in Canada - my ATM card has the "Plus" logo (as well as Interac) - so I checked with TD, and there are many many banks in every city in India which allow debits from overseas accounts - however, in the case of TD bank - your ATM allows withdrawals from chequing or savings accounts - the TD Visa allows cash advances from Visa credit card (but don't forget the heinous credit card charges on cash advances.....). I know you can use debit cards pretty much worldwide - so long as the logo is appropriately linked.
I just googled 'Visa Plus' and got tons of info re bank ATM's in India - so daresay you can do the same for any bank these days.

Paresh · Sep 7th, 2008, 21:34

Oh, that is great info!!!

LHD,
I just meant that before taking it as granted, give a call to your bank and make this clear. I know a friend who was allowed by the ATM machine to take the cash out but there was a charge for that. Later when he called the bank, he realized that he was lacking correct info.

LHD · Sep 8th, 2008, 07:23

Thank you, Paresh and all for responses.
Simply do not want to be stranded on a trip with no access to funds

hal2004 · Sep 8th, 2008, 07:37

Quote:

Originally Posted by synthette

I've accounts with TD trust (Toronto Dominion Bank) in Canada - my ATM card has the "Plus" logo (as well as Interac) - so I checked with TD, and there are many many banks in every city in India which allow debits from overseas accounts

Don't bank on it.

I checked with TD as well and they emailed me a form letter listing dozens of banks, claiming that anything with a PLUS logo would work, and that turned out not to be the case.

HDFC and Citybank seemed to be the only banks which consistently accepted my TD debit card.

Check this thread for more info: Delhi Debit Cards
.

GoanCanuck · Sep 8th, 2008, 07:55

Quote:

Originally Posted by synthette

so I checked with TD, and there are many many banks in every city in India which allow debits from overseas accounts

The information from TD is not accurate. Your TD ATM card will only work with HDFC machines and with Citibank machines in India. HDFC is the third largest bank in India and they have an extensive ATM network in India. Citibank on the other hand only has a few branches in India confined to the bigger cities mainly.

obione980 · Sep 8th, 2008, 07:58

I use a Credit Union Visa card (QTCU in Australia), which draws on my ordinary transaction account as its first choice, then morphs (automatically) to debit my withdrawals onto my credit card a/c when my cash runs out.

I have used it in Plus affiliated ATMs in Sri Lanka, Indonesia, Cambodia, Malaysia and throughout the USA, Canada and Europe.

I'm assuming it will work just as well in India. I do pay a $5 fee each time I use it in a foreign ATM - but I always get a good exchange rate.

Paresh · Sep 8th, 2008, 22:48

Quote:

Originally Posted by obione980

I'm assuming it will work just as well in India. I do pay a $5 fee each time I use it in a foreign ATM - but I always get a good exchange rate.

One, this assumption may turn wrong at some countries

Two, $5 per transactions!!! Personally, I would try to get another type of card of use another bank for this. $5 in India converts to more than 200 bucks and can get me 40 cigarettes or 100 cups of tea!!!

Sep 1st, 2008, 18:15	#1
LHD Member Join Date: Aug 2008 Location: Melbourne, Australia Posts: 7	Multi-account ATM Cards Apologies in advance if I have missed an answer to my following question. Have searched high and low to no avail... I'm from Australia and have a debit account linked to my credit card. In SE Asia I found ATMs allowed me to select which account I wish to withdraw $ from (i.e. my Australian bank account or cash advance from credit card). In Europe, however, I found myself having to use cash advance from credit card only when withdrawing $ (and subsequently pay much more in bank fees) as ATMs failed to "see" my debit account. Would anybody be kind enough to shed some light if Indian ATMs accept (recognise/read) multi-account ATM cards and actually recognise both accounts linked. Many thanx in advance!

Sep 4th, 2008, 16:13	#4
Aishah She-who-must-be-obeyed! Join Date: Mar 2007 Location: Jaisalmer Posts: 5,682	Yes - the ATM's I've used here will allow that card - you press 'Savings' for your savings account. No problems. __________________ "Life can only be understood backwards, but it must be lived forwards."

Sep 7th, 2008, 04:19	#7
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 28,368	Barclays, UK, used to use the same piece of plastic for credit, debit and ATM. Do they still do that? Must be plenty of Barclays customers travelling here: what does the machine do, debit your bank account, or your barclaycard account? __________________ . Just one member of the IndiaMike Mod Team

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Sep 1st, 2008, 18:49	#2
Mickey S Maha Guru Member Join Date: Feb 2007 Location: Cymru Posts: 1,175	The ATMs I used in India generally asked me whether I wanted to withdraw money from a savings account, current (checking) account or credit card account. In Europe, as far as I am aware, we don't have multi-account cards, which is why machines don't ask which account you wish to use.

Sep 4th, 2008, 16:09	#3
LHD Member Join Date: Aug 2008 Location: Melbourne, Australia Posts: 7	Many thanks!

Sep 6th, 2008, 21:12	#5
Paresh Senior Member Join Date: Apr 2008 Location: India Posts: 223	Are you trying to withdraw amount from your Australian Bank Account via a debit/ATM card in India? If yes, I seriously doubt that ATMs will allow you to do that. You must be having a saving/current bank account with the bank of which you are holding a debit card and this account should be registered in India. I strongly suggest to check this with your bank. If your bank has presence in India, ask them that will they allow you to take money out of your Australian bank account in India without any extra charges. You can take the cash from Credit Cards because they are linked by international network via Visa, Mastercard, AmEx etc. As you mentioned, there is a separate fee associated with this.

Sep 7th, 2008, 08:59	#8
LHD Member Join Date: Aug 2008 Location: Melbourne, Australia Posts: 7	I understand that the local Indian bank I would use must be participant to a Maestro/Cirrus or Visa PLUS interbank network for me to withdraw. And since majority of Indian banks I have done research on are, withdrawing $ from international bank accounts shall not be a problem, I believe.

Sep 7th, 2008, 09:20	#9
synthette Member Join Date: Aug 2008 Location: Halifax, Nova Scotia, Canada Posts: 32	yes - that's right, LHD. I've accounts with TD trust (Toronto Dominion Bank) in Canada - my ATM card has the "Plus" logo (as well as Interac) - so I checked with TD, and there are many many banks in every city in India which allow debits from overseas accounts - however, in the case of TD bank - your ATM allows withdrawals from chequing or savings accounts - the TD Visa allows cash advances from Visa credit card (but don't forget the heinous credit card charges on cash advances.....). I know you can use debit cards pretty much worldwide - so long as the logo is appropriately linked. I just googled 'Visa Plus' and got tons of info re bank ATM's in India - so daresay you can do the same for any bank these days.

Sep 7th, 2008, 21:34	#10
Paresh Senior Member Join Date: Apr 2008 Location: India Posts: 223	Oh, that is great info!!! LHD, I just meant that before taking it as granted, give a call to your bank and make this clear. I know a friend who was allowed by the ATM machine to take the cash out but there was a charge for that. Later when he called the bank, he realized that he was lacking correct info.

Sep 8th, 2008, 07:23	#11
LHD Member Join Date: Aug 2008 Location: Melbourne, Australia Posts: 7	Thank you, Paresh and all for responses. Simply do not want to be stranded on a trip with no access to funds

Sep 8th, 2008, 07:58	#14
obione980 Senior Member Join Date: Oct 2005 Location: Brisbane Posts: 164	I use a Credit Union Visa card (QTCU in Australia), which draws on my ordinary transaction account as its first choice, then morphs (automatically) to debit my withdrawals onto my credit card a/c when my cash runs out. I have used it in Plus affiliated ATMs in Sri Lanka, Indonesia, Cambodia, Malaysia and throughout the USA, Canada and Europe. I'm assuming it will work just as well in India. I do pay a $5 fee each time I use it in a foreign ATM - but I always get a good exchange rate.

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