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ATM Exchange Rate
What is or was the latest exchange rate you got on the Euro from an ATM recently?
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The rate is 1.20 as of today, but that might vary slightly from ATM to ATM.
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That's assuming you are referring to US Dollars and Euros.
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Obviously, the exchange rates change daily. What you probably mean to ask is what conversion rate - extra percent added to the day's average exchange rate - will your bank/the other bank charge you? Last month, my credit union charged me 1% per transaction (for Euros and all other currency) but no ATM fees (from them or from the ATM owners in Europe). Check with your bank/credit union before leaving.
Andrew |
As of last week, the exchange on my Visa card for ATM transactions in France/Italy last week were about 1.225
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Last week of Sept I got $1.22 and $1.21 in Paris with my ATM (no additional charges per transaction).
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Sometimes the conversion fee is buried in the quoted exchange rate. If you see a rate of 1.21 for the transaction in your bank statement, the real exchange rate that day may have been 1.20. Call your bank and ask.
Andrew |
Net cost for 100 Euro = $121.27 last week at Deutsche Bank with my BofA ATM. No additional fee.
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Last week I got a rate of 121.25 in Munich (plus a 1% fee).
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When I contacted my bank, they said there is an extra fee if I use an ATM (due to maintenance), but no extra fee if I go to a bank to withdraw.
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