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 to just find these ATMs and take money for the whole trip. You can use the map in the section below or the official website search tool.
So these are the ATMs with no fees in Mallorca ordered by number of machines.
Free ATMs in other areas of Spain
Other free ATMs that are 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 consist 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