Overview

• Vietnam records an average 27.10% withdrawal cost, overtaking Argentina, now at 20.51%, in Wise’s latest global ranking.
• Colombia averages 16.66% and Indonesia 10.91%, with Indonesia rising by more than 10 percentage points year over year.
• In Europe, non‑euro destinations show higher charges led by Turkey at 5.08%, while Germany averages just 0.28%.
• Wise cites fixed fees on foreign cards, low withdrawal limits, poor exchange rates and Dynamic Currency Conversion, alongside weak competition and regulation, as key drivers.
• Germany’s EVZ urges use of bank‑branch ATMs, selection of local currency and avoidance of airport or hotel machines, noting operator surcharges must be shown before confirmation, and outlets warn to wait until transactions fully complete to limit fraud risk.