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Getting euros from ATM @ CPH

Old Jun 22nd, 2015, 06:57 AM
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Getting euros from ATM @ CPH

Is there any reason to suspect that the conversion rate is poor for getting euros from an Amex ATM at the CPH airport?

http://www.cph.dk/en/Shopping-and-ta...-express-atms/

It would be nice to arrive in Rome with the cash needed for car service and apartment payment.
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Old Jun 22nd, 2015, 07:00 AM
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Well only that Copenhagen is in Denmark and so most would normally issue DKK. I'd get the Euro at Rome airport and then spend it there.
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Old Jun 22nd, 2015, 07:14 AM
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Get your € in a € zone country . . . Rome makes more sense.
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Old Jun 22nd, 2015, 07:22 AM
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Yes, but it is one less worry if the money is in hand and I am waiting for a flight anyway so time saved. Sometimes people say their ATM cards don't work at FCO. And arriving at 4 pm so not a lot of time to get to apartment. If the exchange rate is the same, why not, but no way to know the exchange rate till days later as far as I know.
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Old Jun 22nd, 2015, 07:27 AM
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The exchange rate won't be the same -- you are essentially doing a double exchange $ > DKK > € so you will pay a double conversion.

If you want the convenience -- just understand you'll pay a bit for it.
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Old Jun 22nd, 2015, 07:36 AM
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" Sometimes people say their ATM cards don't work at FCO"

I'm not sure why people would go to the cost of installing ATMs and not get them to work.

My real concern is a true story, a friend of mine took her family skiing to Switzerland from Scotland. She had her wallet pinched on the aircraft and so all their spending money went.

Take care. I would not like to pay for an appartment with cash, but I guess you are already in that jamb.
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Old Jun 22nd, 2015, 07:47 AM
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Our personal preference when having to pay in Euro (large amount) as soon as we arrive is to get them from our local bank at home before we leave. Yes there is a cost but it is the cost of peace of mind in some cases. For all other we do the ATM and credit cards when possible. We've found there typically is a daily withdraw limit, often much less than a week or two rent for a place. We traveled with friends several years back and one of the couples found their ATM card was denied. It was a problem not resolved over the phone from a foreign country! Lucky for them with friends and their credit cards they were able to enjoy the trip. Not likely if you are traveling alone.
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Old Jun 22nd, 2015, 07:48 AM
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Also confess to not completely trusting Italy to work at 100%, reinforced when I am in a crowded place and the group that is precisely placed to maximize people flow blockage through a door or off an escalator is ... Italians.

Cash for apartments is the norm in Europe. It's unusual if they will take credit, maybe 25% will, in my experience. I don't do bank transfers, looked into it once and the fee was $50.
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Old Jun 22nd, 2015, 07:58 AM
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I did the notification to Capital One about foreign travel so that's done. 400 euros will cover both balance due on apartment and car service. Wish there was a way to know what the convenience charge would be. $4 worth it, $20 not so much.
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Old Jun 22nd, 2015, 08:01 AM
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What is $20 or $50 as a percentage of the cost of your entire trip?
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Old Jun 22nd, 2015, 08:02 AM
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I don't know anything about CPH, but I had never heard of "AMEX" ATMs. Upon reading that link, they clearly define them as "exchanging money". So I bet you are not getting the interbank rate like you would from a regular bank. SO I'd guess that the exchange rate will be poor in comparison to a regular bank.

In some US airports, there is a Travelex "ATM machine" but Travelex is not a bank and all it is doing is basically selling you foreign currency at a poor exchange, it's no different than the manned Travelex exchange booths, only now they don't even need to pay a person to sit there.
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Old Jun 22nd, 2015, 08:25 AM
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Christina: I hadn't heard of them either, but just the fact that there is advertising implies that there is a poor rate.

Will follow everyone's advice and get over my Italy fears and wait to get the euros there. A worst case is the driver can prowl for an ATM in the city if the airport fails for some reason.

NewbE: I am not spending $50 to transfer $350 whatever the % of the total trip cost it is. Banks are doing well enough without unnecessary contributions from me.
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Old Jun 22nd, 2015, 08:29 AM
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<NewbE: I am not spending $50 to transfer $350 whatever the % of the total trip cost it is. Banks are doing well enough without unnecessary contributions from me.>

To each his own. Your new plan sounds like a good one in any event.

I would counter that you can't have any effect on a bank's bottom line as one individual, but you can cause yourself inconvenience during a presumably rare and precious European trip.
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