rsvarazze

Does anyone know if there are alot of BNL D'Italia banks in Italy? I am looking to use
my Bank of America card while traveling. Also can anyone help with Fee's associated
with ATM withdrawls. I was told my banks either charges nothing or 1.00 and the other
banks you withdrawl from charge on their end. Any help would be most appreciated.
Thank You!!!

jamikins

I believe no banks in Italy charge to use their machines. Any fees would be charged by your home back for the overseas transaction.

adrienne

The only fees will be from your bank, not from the Italian ATMs.

Here's the BNL site but you'll need to be able to read Italian.

IdyllicItaly

It might be worth setting up a checking account with a bank or credit union that doesn't impose any fees - then you are free to use ATMs (called Bancomats in Italy) of various banks. One fee to look out for is a currency conversion fee that many banks and credit unions charge.

You might find this article helpful: http://www.smartertravel.com/blogs/t...ml?id=11706070

ira

Hi rs,

> I am looking to use my Bank of America card while traveling.

For what purpose?

If you withdraw money from a bank using your credit card it is treated as a loan and you will pay interest from the moment of withdrawal.

Most expensive way to get money.

If you use it as a credit card, the only fees are charged by your bank.

IIRC, BofA charges 3% for "currency conversion" on top of the 1% charged b Visa/MC who actually do the currency conversion.

Capital One doesn't add a conversion fee.

If you use it as an ATM card, the only fees are from your bank.

kybourbon

Ira - Bank of America has ATM cards also and I assume that is what the OP is asking about.

>>>I was told my banks either charges nothing or 1.00 and the other
banks you withdrawl from charge on their end<<<

Your bank will either charge their own fee plus a conversion rate (can vary from 1-3%)to convert 4
$/€, not the Italian bank.

It appears BofA has an agreement with Global Alliance so if you use those your charge is 1%. If you use other banks that aren't in the alliance, the charge is 1%+ $5. To use a BofA credit card (to charge things, not to get cash) the charge is 3%. That's high. I would find another card that only charges 1%. Scroll down for the chart at the bottom and find your bank/cards.

http://www.flyerguide.com/wiki/index...reign_Exchange

rsvarazze

Thanks to you all for great information. I do have a couple
cards I can use from Credit Unions with lower Interest charges.
I was interested in not getting charged for withdrawls using the
B of A Card at Barclays or BNL D'Italia Banks in Italy. I appreciate all your help. Thanks again.

kybourbon

>>>I do have a couple
cards I can use from Credit Unions with lower Interest charges<<<

It has nothing to do with interest charged by cards. The percent we are talking about are the conversion fees euro to dollar that your bank/cards charge. Look at sites like Oanda for conversion rates. If you want to withdraw 250€ with your ATM card, use the currency converter and then tack on the % your bank will charge to see what it will total.

socialworker

We did not have any problem finding the BNL D'Italia in Florence this past October, rsvarazze.

palatino82

I had no trouble finding Barclays ATM's to use my B of A card in Rome.

socialworker

Good point, palatino.....as long as you use any of the partner banks, there is no fee. We used the Italian one when we were in a small city in France near the Italian border.......