Using credit/debit/ATM cards in Israel by MikeySoft
ATMs are easy to find in Israel and I only used ATMs to get Israeli money while in Israel.You should be aware that many US banks add an additional fee for foreign exchange on a credit or debit card, something like 3 to 5%. They may also have a minimum fee like $10 to $25. You can call them and ask. However, CapitalOne does not charge (the last time I checked) the additional fee for their credit cards. This is not only for Israel but for all foreign charges.
It is also my understanding that both Visa and Mastercard (no matter who is the bank) charge a 1% fee and this fee may be hidden in the exchange rate. I don't know if this happens with CapitalOne, however, comparing the exchange rate used, and the exchange rate listed on http://www.xe.com/ around the date of the transaction, this does not seem to be the case.
For ATMs, I use my credit union debit card. My credit union does not charge an additional fee. I don't recommend using a credit card at ATMs because you are charged interest from the time you withdraw the money.
The below link is an up to date US banks charge Debit and Credit cards for foreign transactions.
http://flyerguide.com/wiki/index.php/Credit/Debit/ATM_Cards_and_Foreign_Exchange#Credit_and_Charge_Cards
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