National Bank in America to take overseas

TulsaisntFar · Sep 2nd, 2005, 01:53

Can anyone give me the name of a big bank here in the United States with ATM cards that are widely accepted in India. Or even better a large bank from here in the states with branches in major cities in India. Thanks.

This is mostly regarding an earlier post that stated a 2 dollar fee for every transaction. I bank at a small bank where i live.

GoanCanuck · Sep 2nd, 2005, 02:05

You have to keep in mind a couple of things.
1) Even if your bank in the US has branches in India they will be separate subsidiaries governed by the rules of the Reserve Bank of India. As such they will levy a charge/fee on you to use their facilities. My bank in Canada has branches in Bangalore, Mumbai and Delhi but I have to pay the same fee to use them as anybody else who lives in India. There is no special concession afforded to you.

2) You can open an account with Citibank in the US. Their ATM card is compatible with most of the ATM's in India and their fees are quite reasonable.

3) You can open an online account with ICICI bank in the US and use their ATM card in India. Again their fees are very reasonable.

Anders · Sep 2nd, 2005, 03:56

Quote:

Originally Posted by TulsaisntFar

Can anyone give me the name of a big bank here in the United States with ATM cards that are widely accepted in India. Or even better a large bank from here in the states with branches in major cities in India. Thanks.

This is mostly regarding an earlier post that stated a 2 dollar fee for every transaction. I bank at a small bank where i live.

Check with your credit union, they typically has much lower fees than the big banks.

Quote:

Originally Posted by GoanCanuck

1) Even if your bank in the US has branches in India they will be separate subsidiaries governed by the rules of the Reserve Bank of India. As such they will levy a charge/fee on you to use their facilities.

What fee would that be? All I paid was a 1% "foreign exchange conversion fee" to my bank. (as far as I can remember)

Hyderabadi · Sep 2nd, 2005, 04:53

Related info in this thread:

Some financial questions

wonderwomanusa · Sep 3rd, 2005, 10:48

Citibank told me there would be no charge to use their ATMs in India -- and they have quite a few of them!

Sep 2nd, 2005, 01:53	#1
TulsaisntFar Senior Member Join Date: Mar 2005 Location: San Francisco Posts: 163	National Bank in America to take overseas Can anyone give me the name of a big bank here in the United States with ATM cards that are widely accepted in India. Or even better a large bank from here in the states with branches in major cities in India. Thanks. This is mostly regarding an earlier post that stated a 2 dollar fee for every transaction. I bank at a small bank where i live.

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Sep 2nd, 2005, 02:05	#2
GoanCanuck Maha Guru Member Join Date: Oct 2004 Location: Vancouver Posts: 3,204	You have to keep in mind a couple of things. 1) Even if your bank in the US has branches in India they will be separate subsidiaries governed by the rules of the Reserve Bank of India. As such they will levy a charge/fee on you to use their facilities. My bank in Canada has branches in Bangalore, Mumbai and Delhi but I have to pay the same fee to use them as anybody else who lives in India. There is no special concession afforded to you. 2) You can open an account with Citibank in the US. Their ATM card is compatible with most of the ATM's in India and their fees are quite reasonable. 3) You can open an online account with ICICI bank in the US and use their ATM card in India. Again their fees are very reasonable.

Sep 2nd, 2005, 04:53	#4
Hyderabadi Maha Guru Member Join Date: Feb 2005 Location: GA,USA. Posts: 1,131	Related info in this thread: Some financial questions

Sep 3rd, 2005, 10:48	#5
wonderwomanusa Maha Guru Member Join Date: May 2003 Location: Dhaka Posts: 3,570	Citibank told me there would be no charge to use their ATMs in India -- and they have quite a few of them!

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