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Italy: Cash, Credit, or Travelers Checks?

Italy: Cash, Credit, or Travelers Checks?

Sep 13th, 2005, 07:58 AM
  #21  
 
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Bank of America charges $0-5 per ATM transaction (it depends on the type of account you have with them) and most people take their daily limit to keep the number of fees down (i.e. I take $400USD worth of euro out each transaction). There is no fee from the Italian bank, have your brother re-check that fact.

Personally I do not think $3 per withdrawl is "alot" for the convenience and safety of having cash when you need it, but never carrying too much at one time.

If you are not comfortable with this method, you can surely use old fashioned travelers checks, and go to a bank to get cash, but you need to realize there are fees, exchange rates, etc. involved with this too.

Short story short: There is no fee-free way to get euro for travel. Each method comes with a price.
suze is offline  
Sep 13th, 2005, 10:57 AM
  #22  
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FYI...
there is another thread involving specifically BOA atm(s) as well.

http://www.fodors.com/forums/threads...2&tid=34674273
kimberlina01 is offline  
Sep 13th, 2005, 11:26 AM
  #23  
 
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I have used a BoA ATM card 5 trips to Europe, in 4 different countries, with no mishaps.
suze is offline  
Sep 14th, 2005, 06:39 AM
  #24  
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well Pat, we are going to take your word for it...
My brother did say he was going to call and get a second opinion tho... and if I learn something i will post it.
I am learning that the fees are pretty monor considering how much money i will be spending... which is good.
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Sep 14th, 2005, 07:44 AM
  #25  
 
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Finally a happy conclusion! I kept thinking all thru this thread, it is simply "the cost of doing business"... when you travel to Europe you will incurr a small amount of fees one way or the other to obtain funds or make purchases.
suze is offline  
Sep 14th, 2005, 07:48 AM
  #26  
 
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To me, anything more than $0.00 is a lot...I should not be charged for accessing MY repeat MY money. Period, end of the discussion.
xyz123 is offline  
Sep 14th, 2005, 08:03 AM
  #27  
 
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xyz-- did you read this thread? it covered all kinds of things, not simply ATM withdrawl. credit card conversion fees, Travelers Checks, preloaded Travel Cards, changing money, etc.

If you have a way to convert your money into euro without paying ANY thing extra, including losing on the exchange rate, etc. etc. we'd all like to know what that is.
suze is offline  
Sep 14th, 2005, 08:08 AM
  #28  
 
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I was referring to the extra fees and answering the poster who said he or she doesn't consider $3 a lot..I do.

Yes I know that you pay 1% above inteerbank at the very least when using an ATM as most ATM's are controlled by Plus or Cirrus which are controlled by visa or mastercard as the case may be and that is something that just can't be avoided.
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Sep 14th, 2005, 08:19 AM
  #29  
 
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I agree to a point, but (since it was me who said it) I didn't think $3 was high when the poster was considering buying Travelers Checks or using a pre-loaded "travel card" instead of the ATM. Sure if she is willing to change banks, and can find a no-foreign-transaction-fee ATM deal that would be better. But an ATM with a small fee is still more economical than purchasing TC's etc., wouldn't you agree?
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Sep 14th, 2005, 08:24 AM
  #30  
 
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Yup I do...but I must admit that I rarely withdraw more than €20 at a time (remember no fees) and since I use a credit card for all purchases no matter how small, I can get away with the €20 for days at a time!
xyz123 is offline  
Sep 14th, 2005, 08:50 AM
  #31  
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xyz- poster here-
i am like you in which i think over $0 is annoying.. but those are the breaks... I, also , like you, had planned on using my Credit Card for everything possible so I would not have to withdrawl my $ from a fee-charging ATM. However, I called Visa & Mastercard and they are charging 1% on EACH transaction now. So Im thinkin I can get out 500e at a time and only pay $2 which is less than the 1%.
Let's hust hope my Bro can alter things with my bank and gert rid of those pesky ATM fees. Or if you read some of the other threads, I will find a BOA friendly ATM and get $ free.

kimberlina01 is offline  
Sep 14th, 2005, 06:11 PM
  #32  
 
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I think complaining that you don't want to spend anything over $0 to access YOUR money is a stretch. First of all YOUR money was put into an American Bank in US dollars. Drawing it out halfway around the world from a totally unrelated bank in a different form of currency could hardly be called "accessing YOUR money".

Would you be willing to start a business that exhanges people's foreign currency automatically with a card and you NOT charge anything for this service?
Patrick is offline  
Sep 14th, 2005, 06:44 PM
  #33  
 
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Three trips to europe in last 3 mos., two on business and one not--two of the trips to Italy.

Used ATMs and credit cards only. Used credit cards for lodging when possible; just about every day I withdrew cash from the ATM up to my limit (which I didn't need to get raised but would if I anticipated more expenses). I got no extra charges for using the ATM and the rates were good.

The biggest problem I had was using PayPal for conference fees.
annw is offline  
Sep 14th, 2005, 07:11 PM
  #34  
 
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I certainly get charged for the service, the 1% above interbank that visa puts on the transaction; after that it's no skin off my bank's nose as from that point on it's in US currency.
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