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Regarding US travelers withdrawing from European ATMs

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Aug 15th, 2010, 07:13 PM
  #1
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Regarding US travelers withdrawing from European ATMs

Just noteced a posting from a Traveler in Italy with an experience similar to mine. This is in regrds to the oft feared US Card not working in a European ATM EXACTLY when you must have cash right now. I am speculating that the US Banks will not allow a withdrawal if the amount EXCEEDS $300 US, with any expected transaction fees, even fees that get waived later. So to be on the same side, you have to start with about $294, then apply the currency conversion, then a bit more to be on the safe side. So a withdrawal of 250 E may work while 260 E may not. Anyone else have this experience?
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Aug 15th, 2010, 07:15 PM
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No, it's 300 euros, not $300 dollars.
One of my banks would not allow me to withdraw over 300 euros, the other up to $1,000, about 900 euros.
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Aug 15th, 2010, 07:25 PM
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My bank has a dollar limit per day. So I calculate approximately how much that would be in euros before withdrawing money.

When I first started traveling to Europe, that happened to me, too. The ATM machine showed a message that I had exceeded my limit.
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Aug 15th, 2010, 07:28 PM
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There's no uniform rule about how much you can withdraw from an overseas bank. You can negotiate that with your bank. I always have my limit raised when I travel. And no, you don't have to figure in transaction fees or currency conversion or anything else. Obviously, if your daily limit is, say, $500 and you try to withdraw 475 euro, it won't work, so you have to have a basic understanding of the exchange rate, but beyond that, no higher mathematics is involved.
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Aug 15th, 2010, 07:39 PM
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Talk to your bank. If they won't allow you the limit *you* want you should switch to a bank who looks after their customers properly.
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Aug 15th, 2010, 07:47 PM
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and in any event be sure to tell the bank the dates you will be in Europe so they don't deny the transaction because they think it's a stolen card.
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Aug 15th, 2010, 08:13 PM
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I also took both my and my husband's ATM cards (he doesn't travel with me, or use the ATM here) and could withdraw twice the limit. I could also have had an official at my local bank raise the limit but chose not to. This worked well for me in the Republic of Ireland and Northern Ireland.
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Aug 15th, 2010, 08:20 PM
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Paris is right! Talk to your bank! I've talked to any number of big banks that I had accounts in, and I never encountered one that would not raise my limit when traveling. Remember, people, the bank is not the boss --- YOU are the boss. Don't be wusses.

Currently when I travel I have my banks raise daily withdrawal lmit from $500 to $750 ... but they are willing to go to $1,000. Jaja, no need to play games with the cards, and no need to worry about raising the limit -- raise if ONLY for the days you will be traveling. Nobody can "drain your account." They don't know your password.
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