> >
>

# Need \$750 at the ATM

Jun 3rd, 2008, 04:59 AM
#1
Original Poster

Join Date: Feb 2008
Posts: 41
Likes: 0
Received 0 Likes on 0 Posts
Need \$750 at the ATM

I need to withdraw \$750 using my ATM in a couple of European countries. Since that is the daily limit for my bank, how do I know I've withdrawn that amount of money in euros at the ATM? I've never been, so can I enter in that I want \$750 and the ATM will automatically calculate that in euros or do I need to mentally convert the dollars to euros and then enter in the amount to be withdrawn in euros at the machine? The only reason I need a large amount of euros is that a houseboat I've rented in Amsterdam requires cash in euros and won't let me prepay so...Thanks
Jun 3rd, 2008, 05:08 AM
#2

Join Date: Feb 2003
Posts: 7,525
Likes: 0
Received 0 Likes on 0 Posts
In a foreign, country you enter the value in local currency, not your currency.

So you will need to roughly know the exchange rate. At around 1.5, you would get 500 euro per withdrawal.

Your other potential option is a bank draft made out in euros. You'd buy this at home and hand over at arrival.

I've often paid european purchase susing this option. No cost to receiver. I'd of course confirm that they would accept this.

Jun 3rd, 2008, 05:10 AM
#3

Join Date: Oct 2006
Posts: 36,821
Likes: 0
Received 0 Likes on 0 Posts
Yes, you only enter the number of euros into the machine, so you must know the current value of the dollar to the euro and convert yourself. I'm a little confused since you say you must pay cash in euros -- how many? I'm not sure how you already converted the number of euros into the \$750 dollars, but you just need to reverse it back again. Currently it would be about 480 euros to equal your \$750 dollars.
Jun 3rd, 2008, 05:15 AM
#4

Join Date: Jan 2003
Posts: 4,699
Likes: 0
Received 0 Likes on 0 Posts
Call your bank ahead of time and speak with a manager who can assure you that your daily limit will be raised. I had to take out a large amount of cash to pay for an apt and was able to take out enough cash in 2 transactions.
Jun 3rd, 2008, 06:51 AM
#5

Join Date: Aug 2006
Posts: 3,193
Likes: 0
Received 0 Likes on 0 Posts
The ATM 'knows' your maximum withdrawal per day. If you enter a sum that's higher the machine will notify you.

You enter the amount, of course, in the local currency because that's what the machine is going to spit out.

Having two cards for two different accounts is useful in case you don't get the full amount from one.
You can withdraw only once a day per card/account, no matter how high the amount. Even if you take only 50€, that's it for that particular day.
Jun 3rd, 2008, 07:00 AM
#6

Join Date: Sep 2007
Posts: 432
Likes: 0
Received 0 Likes on 0 Posts
Also, keep in mind that there is a daily limit from your bank, as well as a limit per withdrawal at the ATM.

I never even came close to withdrawing what my bank's limit was, due to the ATM limit. (Note that I did call my back ahead of time to raise my limit.)

We needed 600E for our apartment in Rome, so we withdrew 300E per day for three days prior to our departure for Rome. That way we had our apartment money, as well as extra cash for daily use.
Jun 3rd, 2008, 07:32 AM
#7

Join Date: Oct 2006
Posts: 36,821
Likes: 0
Received 0 Likes on 0 Posts
but, shelly, in most cases, those ATM limits are per transaction, not per day. You can usually stand at the same ATM, and repeat your withdrawal up to your daily bank limit.
Jun 3rd, 2008, 07:58 AM
#8
Original Poster

Join Date: Feb 2008
Posts: 41
Likes: 0
Received 0 Likes on 0 Posts
Thank you all--you've definitely answered my question!!
Related Topics
Original Poster
Forum
Replies
Last Post
blondiepopo
Europe
19
Oct 25th, 2008 09:21 PM
ambrosia
Europe
15
May 2nd, 2008 05:22 AM
Kathryncee
Europe
10
Jun 21st, 2006 01:23 PM
CHOURAQ
Europe
22
Sep 22nd, 2004 04:18 PM
rapscallion
Europe
19
May 31st, 2004 09:06 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off