Currency conversion question
Apr 12, 2003 | 1:27 am
#16
Join Date: Aug 2001
Location: Reno, Nevada
Posts: 7,368
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Western Airlines:
My advice is to become "new school" on ATM's....you'd benefit on this trip because 1) you get the best conversion rate, and 2)I didn't pay any ATM fees in AMS on my card.
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My advice is to become "new school" on ATM's....you'd benefit on this trip because 1) you get the best conversion rate, and 2)I didn't pay any ATM fees in AMS on my card.
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Needless to say, when I was in Europe in February, I didn't use my ATM card, and still saved money exchanging the cash I carried over what my bank would have charged.
Mike
Apr 12, 2003 | 7:59 am
#17
Join Date: May 2000
Location: Naples, Florida
Posts: 7,419
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by nako:
.... Needless to say, when I was in Europe in February, I didn't use my ATM card, and still saved money exchanging the cash I carried over what my bank would have charged.
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.... Needless to say, when I was in Europe in February, I didn't use my ATM card, and still saved money exchanging the cash I carried over what my bank would have charged.
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To stay under your banks $4.00 fee you can exchange less than Euro 70!
Source: Dresdner Bank, 04/11/2003
http://mis.dresdner-bank.de/
BTW, I have an ATM card from NetBank. Until now they did NOT charge a fee for ATM transactions in Europe and Argentina.
Apr 13, 2003 | 5:57 pm
#19
Join Date: Jan 2000
Location: SoCal to the rest of the world...
Programs: AA 1MM EXP. UA 2MM Lifetime Plat
Posts: 6,742
Outside the UK (Germany, Spain, etc, etc) you may come across restaurants/stores, etc that WON'T take credit cards, only local debit cards.
This is where having an ATM card comes in most handy - as nearly any US ATM card can work at most European banks.
Why don't you consider getting a Visa or MasterCard Debit card (it's an ATM card BUT can also be used at traditional credit card accepting outlets - the funds are just debit'd right away from your account)
This is where having an ATM card comes in most handy - as nearly any US ATM card can work at most European banks.
Why don't you consider getting a Visa or MasterCard Debit card (it's an ATM card BUT can also be used at traditional credit card accepting outlets - the funds are just debit'd right away from your account)
Apr 13, 2003 | 6:43 pm
#20
Suspended
Join Date: Jan 2003
Location: AA EXP, 1 MM and CX RULES!!
Posts: 1,341
The fact is, that banks, credit cards, hotels and airport Bureau de Changes shouldn't be allowed to charge any fee, commission or a ratio above and beyond the actual amount. All amounts must remain as they are posted by the books.
I recommend people go to Thailand and make their exchange transactions, then travel to their country of choice. Hahaha!
Otherwise call the cops on the banks and devalue their currencies. Euros are a junk currency and you will see banks charge even higher ratios for Euro transactions. Japan does.
[This message has been edited by SHADO (edited 04-13-2003).]
I recommend people go to Thailand and make their exchange transactions, then travel to their country of choice. Hahaha!
Otherwise call the cops on the banks and devalue their currencies. Euros are a junk currency and you will see banks charge even higher ratios for Euro transactions. Japan does.
[This message has been edited by SHADO (edited 04-13-2003).]
Apr 14, 2003 | 12:07 pm
#21
Join Date: Jan 2001
Location: Akumal, Mexico
Programs: Bonvoy Lifetime Titanium (thanks to SPG), AA Life Gold, UA Life Gold
Posts: 840
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by USAFAN:
BTW, I have an ATM card from NetBank. Until now they did NOT charge a fee for ATM transactions in Europe and Argentina.</font>
BTW, I have an ATM card from NetBank. Until now they did NOT charge a fee for ATM transactions in Europe and Argentina.</font>