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what is the general maximum that can be taken from atm's in italy?

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May 28th, 2006, 04:34 PM
  #1
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what is the general maximum that can be taken from atm's in italy?

also, is there a flat-fee service charge no matter how much is taken? also, our bank in the usa will also charge a fee?
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May 28th, 2006, 04:36 PM
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the Italian banks will not charge you a fee - so you'll only be charged by your own bank.

Many (but not all) ATMs will have a €250 per transaction limit.
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May 28th, 2006, 04:53 PM
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Hi bodhijack, janisj's comments is what I have normally experienced..250.
Ask your bank what they will charge you per transaction. Keep in mind if your bank has a higher limit then the Italian ATM has you can go to another ATM and withdraw money again. Of course you will have another transaction fee from your bank.
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May 28th, 2006, 06:08 PM
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Actually, you don't have to go to another ATM. As long as you haven't gone over your home bank's limit, you can just take a second withdrawal from the same ATM.
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May 28th, 2006, 06:12 PM
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I just got back from Italy. My first ATM transaction only allowed a limit of 250 Euros but I was able to take out $300 on my next transaction which leads me to believe that it is not the same at every bank. I didn't try for more than 300 as I didn't want to carry around a lot of cash. You can try for a higher amount and if the limit is exceeded you will get a message saying so in which case you just keep trying lower amounts or try another machine. My bank in Canada charges me a flat fee of $3 per transaction regardless of the amount.
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May 28th, 2006, 06:39 PM
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And if for some reason you have a problem with a particular ATM, don't always believe what the message is telling you. We've had intermittent problems on our trips with messages like "insufficient funds" which we knew was impossible. We would just try another ATM someplace else that would complete our transaction.

This suggestion does not apply to situations where the people who actually stock the ATM's with money are on strike (and had been for some days) and there is literally no money left in the machines. This happened to us in Paris a few years ago. Luckily it was at the end of our trip and we only needed a small amount to tide us over...converted some USD we had brought along at a money changing office. We chalked this up to something that has probably only ever happened once and it had to happen when we were there.
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May 28th, 2006, 06:41 PM
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Hi SusanP, I have not had any luck with reinsterting my ATM card in the same machine to get additional money, I have always had to go to another ATM..in Italy that is. Maybe the ATM was out of money? I don't know.
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May 29th, 2006, 09:12 AM
  #8
MaureenB
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I don't believe ATMs in Italy charge a fee. It's according to your own bank's policy how much you can withdraw per day, and how much the percent fee is. I did not encounter an ATM with a set limit, but I didn't really try.
We were just charged the 1 percent foreign transaction fee whenever we used our BellCo credit union Visa debit or credit card anywhere while in Europe.
There are many, many threads on this subject here. And many people better versed than I on the subject have contributed details.
 
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May 29th, 2006, 11:25 AM
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The fee comes from your home bank ($0-5USD typically per transaction, does not matter the amount taken).

The daily withdrawl limit is also set by your home bank and may usually be raised for the duration of a trip upon request.

The Italian ATM may have a limit of its own, lower than your bank's, for amount taken out.
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May 31st, 2006, 11:52 AM
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bodhijack,
I took out 500 euro at a time, most times. Once when the machine would only give 240 euro a transaction I reinserted my card and got another 240 euro. Never had a charge from an Italian bank. My bank charges a flat fee ($1.25) for each transaction plus the network (plus) 1% fee.
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May 31st, 2006, 12:18 PM
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My experience has been the same as Henry's: 500 Euro at a time, with the exception of one ATM attached to a tiny bank in the middle of nowhere in Sicily.

As I recall, the Bancomat machines show amounts up to 250 Euro, but there is a key called "Other" (or something like that), which you can use to enter a higher amount. I don't know how high one can go, having only ever asked for 500 Euro at a time.

In the final analysis, though, it is your bank that sets your daily limit, and it's a good idea to ask them to raise it, if necessary, and to inform them in advance that you will be withdrawing money in Italy.
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Jun 1st, 2006, 07:30 AM
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I found that even if the machine offers "other amount" so you can request more than 250E, it won't actually give you more than 250. I had to do two transactions to get more. Maybe some machines will give more in one transaction.
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Jun 1st, 2006, 08:10 AM
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We have always been successful in obtaining Euro300 in ATMs. I believer this is our max amount. The last time was in Sorrento, Lecce and Milan in October last year and in Brussels in March of this year.

It is always to the consumers' advantage to withdraw the maximum allowable amount that they can as there are flat fees charged by the US banks regardless of the amount that one withdraws.
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Jun 1st, 2006, 09:01 AM
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US credit unions and a few banks do not charge for foreign ATM withdrawals.
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Jun 1st, 2006, 09:08 AM
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I disagree with Mimar...my credit union routinely charges me $1.50 for any out-of-network ATM withdrawal.
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