What are the fees associated with using my debit card abroad?

When using a debit card abroad, Bank of Elk River typically imposes certain fees that customers should be aware of. These fees can include foreign transaction fees, which are generally a percentage of each transaction made in a currency other than US dollars. It is common for banks to charge around one to three percent of the transaction amount as this fee. Additionally, there might be ATM withdrawal fees when using ATMs outside of the bank's network. These fees can vary based on the specific ATM being used and whether it belongs to a partner network. It is also important to consider any currency conversion fees, which may apply if transactions are processed in a different currency. Customers are encouraged to pay attention to the exchange rates used by the bank as well, as these can impact the overall cost of transactions. For precise information regarding the current fees associated with international debit card usage, individuals should refer to the Bank of Elk River's official website, which offers detailed and up-to-date insights.