ATMs
Apr 6th, 2005 | 04:21 AM
#1
Original Poster
Joined: Mar 2005
Posts: 4
Likes: 0
ATMs
Question: I belong to a federal credit union and won't be charged by them to use foreign ATMs. I'm headed to France in a few weeks (3 actually) and have never been before. What types of charges do their ATMs incur for foreign bank accounts? There are no affiliated banks with my credit untion (besides M&T Bank but I'd guess that's too small to have some sort of overseas affiliate). I can check on that I suppose. But if there are none, as I expect, are the charges generally a flat rate, a percentage, no charge, what? Any tips would be greatly appreciated!
Apr 6th, 2005 | 04:25 AM
#2
Joined: Jan 2003
Posts: 15,749
Likes: 0
European bank ATM's will NOT impose any fee at all to your bank for your withdrawals. Period. If your bank or credit union charges you nothing, there will be no fee charged to you.
The idea of others looking for banks that have affiliate European banks is strictly because that means your home bank won't charge you anything for using those ATMs. Since your bank (credit union) charges you nothing regardless it isn't even an issue.
The idea of others looking for banks that have affiliate European banks is strictly because that means your home bank won't charge you anything for using those ATMs. Since your bank (credit union) charges you nothing regardless it isn't even an issue.
Apr 7th, 2005 | 11:16 AM
#7
Joined: Jan 2003
Posts: 1,319
Likes: 0
Hi
You will pay a % for drawing cash, typically 2%.
Payment for goods depends on the reciprocal arrangements between your card issuer and the bank of the merchant you are dealing with.
The good news is that it will be cheaper than exchanging cash or travellers cheques.
Be aware that not all US credit cards will work in European ATM's.
And you may have problems in stores because you don't have the required chip. In these cases, the store can swipe the card and ask you to sign, but they may be reluctant to do this.
Peter
www.the-languedoc-page.com
You will pay a % for drawing cash, typically 2%.
Payment for goods depends on the reciprocal arrangements between your card issuer and the bank of the merchant you are dealing with.
The good news is that it will be cheaper than exchanging cash or travellers cheques.
Be aware that not all US credit cards will work in European ATM's.
And you may have problems in stores because you don't have the required chip. In these cases, the store can swipe the card and ask you to sign, but they may be reluctant to do this.
Peter
www.the-languedoc-page.com
