Cheapest way to get Euros in Paris

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Aug 26th, 2007, 01:00 PM
  #21
 
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Sometimes merchants both in Europe and the U.S. require a minimum purchase when using Master Card, but legally their agreement with Master Card prohibits them from doing this. For some small mom & pop businesses the fees M/C charges makes small purchases expensive for the small business owners.
If you contact M/C and report them they generally contact the merchant and you will notice the sign requiring a minimum purchase will have vanished.

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Aug 26th, 2007, 01:07 PM
  #22
 
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What I've been told by my friends who live in London that there is a UK law that prohibits mc/visa from enforcing the no minimum rule....I do run into the problem with some mom and pop merchants (or whatever the British equjivalent is) but I'll tell you, I was in London for a full week last week, used my credit card 37 times to buy lunches at fast food places, theatre tickets, drinks and stuff like that for use at half time of shows or upon returning to the hotel, to top up my mobile phone, for amounts as little as £1 and never once had anybody suggest it was too small an amount to charge...I think for the week I had to make 1 £20 withdrawal from an ATM to pay for my daily trip to an internet cafe to check my finances and pay my bills, read the hometown newspaper and whatever and a couple of visits to pubs for a pint or two....only way to travel as far as I am concerned...
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Aug 26th, 2007, 01:12 PM
  #23
J62
 
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While I understand the Visa/MC agreements merchants are supposed to follow, I really have no problem with a minimum if it lowers the overall cost.

Sure, you can call Visa/MC and report them, or you could simply smile and pay with cash.

If I had someone snitch on me every time I broke some rule I'd be in deep.....
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Aug 26th, 2007, 01:16 PM
  #24
 
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absolutely, i didn't mean one has to report them, just what can happen. i generally either pay cash, don't purchase anything, or buy something to bring up the minimum! i try to support small business owners whenever possible.
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Aug 26th, 2007, 01:39 PM
  #25
ira
 
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Hi J,

>My latest info is that Capital One credit cards do not charge a transaction fee as all other credit cards do.<

A "transaction fee" is a charge levyed by your bank gor using an "out of network" ATM.

A "conversion fee" is a charge levyed by your bank for converting the number of Euro you got from an ATM into USD on your bill.

Capital One doesn't charge a conversion fee.

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Aug 26th, 2007, 01:42 PM
  #26
 
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Yes Capital One is probably the best when it comes to either less or no fees.
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Aug 26th, 2007, 01:45 PM
  #27
 
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Which banks have no-fee ATMs?
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Aug 26th, 2007, 01:46 PM
  #28
 
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I meant ATM cards, not machines, of course.
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Aug 26th, 2007, 01:50 PM
  #29
 
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1) Capital One.
2) Bank of America will allow you to withdraw from their partner banks for no fee. (partner banks are BNP in France and Barclays in UK).
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Aug 28th, 2007, 12:29 PM
  #30
 
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What Capital One ATM card are you talking about? They don't have regular checking accounts or ATM cards, they just have CDs, money market and credit cards. I think they do have regular banking in one or two states (Texas and somewhere) but that's not usual.

I do have a Capital One MM account actually, with an ATM card that allows limited withdrawals as many money market accounts do (not bad, most people shouldn't have a problem). But it is not fee free, they have an ATM fee on using that card in foreign countries which is higher than the US ATM fee. It's not too bad, $2 I think, per withdrawal. I don't believe their is a currency conversion fee with that, so it is not too bad a deal, but it's not free.
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Aug 28th, 2007, 01:11 PM
  #31
 
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I don't know about others; my Capital One card is a MasterCard credit card. My ATM card is from Bank of America.
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Aug 28th, 2007, 01:28 PM
  #32
 
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Most places in France had a minimum purchase amount for using a card until the euro came in. Then they saw the euro as an opportunity to increase business during the period when people were freaked out with the new banknotes and coins and felt more comfortable paying by card -- immediately there were signs saying "cards accepted for any amount". Most places continue this practice, but when there is a minimum, it is generally 10 or 15 euros and it is clearly indicated.
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Aug 30th, 2007, 03:25 AM
  #33
 
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Jess215 has hit the nail right on the head!

Captial One Credit Cards do not have any fees associated with overseas transactions and Bank of America has an affiliation with Global ATM Alliance machines to obtain Euros.
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Sep 3rd, 2007, 01:33 PM
  #34
 
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While in general getting money from ATMs has been very easy, on several occasions in different European countries, someone in our group has had a time frame, up to two days, when money could not be obtained from an ATM. Upon arriving back in the US, they inquired at their banks or credit unions and were told various things, such as, our system was down, it was a security issue, the time difference affected the amount you could withdraw, etc. Therefore, I always take an amount of Euros with me, about E 400, and have that in reserve, just in case it happens to me. If I don't need it, I can always bring it home, or use it late in the trip. I'd rather have the security of the money on hand than worry about not being able to get it, even with the expense of getting it from my bank in the US. Be sure to take some small denominations, very useful at the airport, taxi, hotel, etc. before you get your bearings. Good luck.
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Sep 9th, 2007, 10:11 PM
  #35
 
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Challiman
that's good advice, but i've noticed i have trouble getting euro's in the states before i leave. the exchange rate is often very high.
how do you get euros? thru your bank or AAA? what is the exchange rate?
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Sep 10th, 2007, 12:56 AM
  #36
 
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Search: Currency conversion.
ATMs: Occasionally the ATM is out of product or low on it; find another one.
Debit/check card limits: Check both daily cash withdrawal and purchase limits. Minimize your loss/theft risks.
Report card loss: Learn the telephone reporting numbers; and how to connect from each country.
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