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Sidepockets May 6th, 2005 01:55 PM

Money Exchange
 
Staying at Bunratty Shannon Shamrock, Monday 5/18. Anyplace nearby to exchange money?

janis May 6th, 2005 02:35 PM

Are you sure you want to "exchange" money? If you need to get €, just use an ATM card.

Budman May 6th, 2005 02:44 PM

There's an ATM machine at the Shannon airport, and one at the Bunratty Mills, across the street from the Castle. ((b))

Sidepockets May 6th, 2005 02:56 PM

Don't have ATM card, just MC & American Expressand Travel Checks. Any banks nearby? Coming from USA. Thanks

J62 May 6th, 2005 03:58 PM



Ask your bank to issue you an ATM card linked to your checking account. That is the consensus best way to get € or any other currency while travelling to a foreign land.

Don't know if a bank can issue a card before you leave though. There will be a currency exchange in the Shannon airport.

nytraveler May 6th, 2005 04:58 PM

If you go into the bank you have your checking account at there's no reasons they can;t give you a debit card on the spot.

this will be much easier and less expensive than travelers checks. (Often only banks will exchange them - for a fee and/or very bad rate - and there have now been some reports that they will do this only for their own customers - and not strangers.)

janis May 6th, 2005 06:03 PM

OK - Do you already have travelers checks, or are you planning to buy travelers checks? If you haven't bought them yet - DON'T. Go to your bank instead and get an ATM card. It will make your trip much easier, and cheaper too.

You really can't use TCs anywhere - you have to go into a bank or post office to exchange them for cash. And you will have to pay high fees to exchange them.

If you've already bought them - are they in US$ (or whatever your home currency is) or in € ? If they are in $ - then take them to your bank, deposit them in your checking account and get an ATM card.

If they are in € - you are sort of stuck since you will lose on the exchange whatever you do . . . . .

P_M May 6th, 2005 06:12 PM

Sidepockets, please take everyone's advice and get an ATM card. Exchanging cash or TC's is a thing of the past, and you will pay ridiculous fees if you insist on doing that.

Sidepockets May 6th, 2005 06:59 PM

Thanks everyone, I will check with bank on Monday.

JOHNOD May 7th, 2005 03:30 AM

Here is another alternative if you don't want to hit the country broke. Go to www.travelex.com/usa/. These are the same people that run the Bureau Dchange in the airports and other places. Use a ATM car or debit card and order $500.00 or more and they will Fedex the Euro to your home. As I write this $1000.00 US will get you 706 Euro delivered to your front door free. If you use a credit card you will be charged a cash advance fee by you CC company so use an ATM or debit card. I have used this service in the past and they are completely reliable. Have fun

JOHNOD May 7th, 2005 03:38 AM

The above exchange rate should read 726.40 euro for $1000.00

xyz123 May 7th, 2005 03:40 AM

And if you do that, you will have paid $1.416430595 for €1 on a day when the interbank rate was $1.2823151365 which means you should have received €779,84 so you just threw away €78...a real dumb thing to do....

xyz123 May 7th, 2005 03:49 AM

Sorry my math was off...you only lose €73,84 in the first case...I had not seen the second post but that means you have only thrown away €53,44! Not exactly the brightest way to do things!

platzman May 7th, 2005 04:33 AM

Back in the days when traveler's checks were more popular, I remember paying a fee PER CHECK to have them redeemed in the local currency. This, combined with the poor exchange rate, meant that at least 15% of the traveler's check value evaporated before my eyes!
First thing Monday, go to your bank and get an ATM card or debit/check card. Its the best invention for travellers since the jet plane.

JOHNOD May 7th, 2005 07:47 AM

Dear XYZ123 As I stated It is only an alternative. I used this service back in late late 90's when ATM machines were very scarce and most would not take a U.S. Bank card. I like most travelers now use my atm. Having said that perhaps you can tell me where I can get the exact interbank rate without paying a comission.

Sidepockets May 7th, 2005 09:23 AM

Thanks again. I called 5th/3rd Bank at CVG airport and they give 70.5 euro for 100us, so I will get exchange there to have some euro in hand when I arrive on Tuesday. Appreciate all the help. Also checking company ATM card to see if I can use.


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