How does Schwab handle ATM fees for transactions involving cryptocurrencies?
Gkoushik17Jun 27, 2024 · a year ago3 answers
Can you explain how Schwab deals with ATM fees when it comes to transactions involving cryptocurrencies? I'm curious to know if there are any additional charges or if the fees are the same as traditional currency transactions.
3 answers
- Bennett OdonnellAug 21, 2020 · 5 years agoSchwab treats transactions involving cryptocurrencies and ATM fees just like any other currency. There are no additional charges or fees specifically for cryptocurrency transactions. So, if you withdraw cash from an ATM using your Schwab account and the transaction involves cryptocurrencies, you'll be subject to the same fees as you would for any other transaction.
- Saito HeikeAug 17, 2020 · 5 years agoWhen it comes to ATM fees and cryptocurrencies, Schwab keeps it simple. They don't differentiate between traditional currency transactions and cryptocurrency transactions. So, if you're using your Schwab account to withdraw cash from an ATM and the transaction involves cryptocurrencies, you'll be charged the same fees as you would for any other transaction.
- Mansour Diagne JuniorJan 25, 2022 · 4 years agoAs a third-party expert, I can confirm that Schwab handles ATM fees for transactions involving cryptocurrencies in the same way as they do for traditional currency transactions. There are no additional charges or fees specific to cryptocurrency transactions. So, if you're using your Schwab account to withdraw cash from an ATM and the transaction involves cryptocurrencies, you won't face any extra fees.
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