An ATM/debit card removes money from you linked bank account. In europe they do not charge fees for using a "foreign" ATM as they do in the states. But you want to make sure that your bank doesn't charge you a fee to withdraw from someone else's ATM. Years ago I got a Citibank account for that reason, as my other bank at the time would have charged me $3 per transaction. Without fees, it is by far the best rate of exchange. Many debit/ATM cards now have either a visa or mc logo, which means you can also use it for purchases just like any other credit card. If it is a mileage giving debit card such as citibanks, when using it for purchases you have to use it as a credit card to get the miles. Still comes out of your bank account. But I believe it has the same conversion surcharge as a regular credit card.

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Ms.DtG

[This message has been edited by dgordon (edited 05-19-2003).]