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$$$$ Balance in Europe

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Old Jul 20th, 2005, 11:55 AM
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$$$$ Balance in Europe

This has the potential to be a stupid question but here it goes. When you withdraw funds, Euro or Pounds, from a CDN or US account, does the ATM receipt convert your account balance to the native currency?
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Old Jul 20th, 2005, 11:59 AM
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Yes (assuming you mean you're in London, for example, and withdraw pounds from an ATM there), your ATM receipt will show the local currency withdrawal. If you have online banking, you can later check your account to see what amount was actually deducted in your "home" currency.
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Old Jul 20th, 2005, 12:04 PM
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What I meant was will it convert my CDN currency account balance into Pounds/Euro?
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Old Jul 20th, 2005, 12:06 PM
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Hi C,

>...does the ATM receipt convert your account balance to the native currency?<

No. All you get is a receipt showing the amount of local currency, eg 300E, that you withdrew.

You have to keep track of your account balance yourself.

You need to find out the exchange rate for E and GBP before you leave, so that you can convert back to dollars.

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Old Jul 20th, 2005, 12:11 PM
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Thanks ira.
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Old Jul 20th, 2005, 12:17 PM
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I think it depends on the specific ATM. I've had ATMs in foreign countries give me my balance in the local currency, but most do not.

-Rob
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Old Jul 20th, 2005, 12:17 PM
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You're welcome, C.
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Old Jul 20th, 2005, 12:33 PM
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On one occasion I saw my balance in € on the receipt. All the other times no balance was shown.
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Old Jul 20th, 2005, 01:16 PM
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I have not kept track of how often this happens but I know that on occasion I have seen my (Canadian) bank balance in euro or pounds.
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Old Jul 20th, 2005, 01:31 PM
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Can you imagine if you have, let's say, $2,000 on account, and in Euro you see 1,000 without realizing it's a different currency, what a shock!

Heart attack, here I come
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Old Jul 20th, 2005, 01:43 PM
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With my Citibank ATM card, the receipts show the cash withdrawal in Euro (or whatever), then U.S.dollar amount being deducted. Most receipts then show my balance in dollars.

Guess the answer to your questions is that it really depends... Hope that helps
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Old Jul 20th, 2005, 02:55 PM
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yeah, it does depend, but you should not be cutting things that close that you are worrying about your bank balance. Also, I've had ATMs ask me if I want my balance, and when I said "yes", I was charged an extra ATM fee for getting it. So, if an ATM asks you, I'd say no (unless you really want to pay a couple dollars for that).
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Old Jul 20th, 2005, 03:00 PM
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Sometimes yes, sometimes no. But if it does show your balance it does so in the local currency in my experience.
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