Most popular banks in Spain charge an extra fee for ATMs (“cajero automático” in Spanish, “caixer” in Catalan) withdrawals using international cards like Visa/Mastercard. This includes modern online banks like Revolut or Monzo, as they also provide such cards.
Prices vary a lot but big banks such as Santander charge the abusive sum of €8 (this is the price you could pay for 3 cañas!), and BBVA €7. Fortunately, there are smaller banks that are still free, even in the middle of the high season in August.
Free ATMs in Mallorca
Banca March is the most trusted (in the sense of being free) bank and the one with the most ATMs in Mallorca (and probably all Islas Baleares). So I would suggest finding these ATMs and taking money for the whole trip. You can use the map in the section below or the official website search tool.
So these ATMs with no fees in Mallorca are ordered by the number of machines.
- Banca March
- Deutsche Bank
- ING (* Update 27/05/24: a reader reported that he was charged €3 by ING)
Free ATMs in other areas of Spain
Other free ATMs not currently available in Mallorca but in other areas of Spain are the following.
- Kutxabank
- Bilbao Bizkaia Kutxa (BBK)
- Unicaja Banco
- Eurocaja Rural
- Banco Pichincha
Non-free ATMs
The following ATM brands charge for withdrawals. They are ordered by price in descending order, so the ones you want to avoid first.
- Santander. Up to €8
- BBVA. Up to €7
- CaixaBank. Up to €7
- Sabadell. Up to €5
- Bankia. Up to €5
- Cajamar. Up to €2
- iberCaja. Up to €1.75
- Bankinter. Up to €1.75
Avoid hiding fees and get the best rate
If you simply go to your main bank to withdraw money, is likely that you are being charged a hidden fee and your are also given a very bad rate. The same if you use your credit or debit card to pay in any place.
The solution to this is very simple and consists of using one modern online banking such as Revolut, Monzo or TransferWise.
Some big banks give you a sort of “travel-friendly” credit card with good rates, but in my experience, they are never as good as independent online banks.
Maps
The following maps show ATM locations according to Google Maps search, which is not always up to date, but most of the time.
Just been to Deuche Bank in Alcudia and it wanted €4. Banco March was free
Made a withdrawal from ING it was not free. They took 3€.
Thanks Raul I will update the post
banca march is not free. 3.5 euro commition for 150 euro withdrawal.
thank you for the update!