Why UBank over ING? One benefit UBank seems to be missing is the free ATM withdrawals where ING covers the ATM vendor’s fee too. I think it’s 5 withdrawals with the fee covered. So the withdrawal is completely free. Card was pretty widely accepted payment in the US so I barely took any cash out. In Japan (my most recent trip) a little less so, but it was easy to stay under 5 withdrawals in a month.
I’m just curious because I’ll switch over to UBank for my next trip.
Have a look at the ING fees and limits PDF. They’ve stopped the international vendor rebates, which you only got for the first 5 transactions anyway, but they charge $5 every time you withdraw from an international ATM and also charge you 3% of the transaction. That’s what they’ll rebate by the looks and only the first 5 times if you meet their criteria to get the special features.
UBank doesn’t have any of these requirements and just never charges those fees so no need to rebate.
Oh I didn’t know the ATM vendor rebates are stopping! And foriegn transaction fee reimbursements too, that’s crazy. The rebate was the main benefit it had over its competitiors when I did my research. Will be switching over for my next trip.
Why UBank over ING? One benefit UBank seems to be missing is the free ATM withdrawals where ING covers the ATM vendor’s fee too. I think it’s 5 withdrawals with the fee covered. So the withdrawal is completely free. Card was pretty widely accepted payment in the US so I barely took any cash out. In Japan (my most recent trip) a little less so, but it was easy to stay under 5 withdrawals in a month.
I’m just curious because I’ll switch over to UBank for my next trip.
Have a look at the ING fees and limits PDF. They’ve stopped the international vendor rebates, which you only got for the first 5 transactions anyway, but they charge $5 every time you withdraw from an international ATM and also charge you 3% of the transaction. That’s what they’ll rebate by the looks and only the first 5 times if you meet their criteria to get the special features.
UBank doesn’t have any of these requirements and just never charges those fees so no need to rebate.
Oh I didn’t know the ATM vendor rebates are stopping! And foriegn transaction fee reimbursements too, that’s crazy. The rebate was the main benefit it had over its competitiors when I did my research. Will be switching over for my next trip.
ING is ending their foreign transaction fee reimbursement in August.