Ireland: Euros

Old Apr 24th, 2008, 06:14 PM
  #1  
Original Poster
 
Join Date: Sep 2007
Posts: 9
Likes: 0
Received 0 Likes on 0 Posts
Ireland: Euros

Going to Ireland in May. Any suggestions as to whether to acquire the Euros here in the US before going, or waiting until we get to Ireland? Where would we get the best exchange rate?

Thanks
joannadee is offline  
Old Apr 24th, 2008, 06:32 PM
  #2  
 
Join Date: Oct 2006
Posts: 36,828
Likes: 0
Received 0 Likes on 0 Posts
There, using an ATM and withdrawing the money from your bank account with an ATM/debit card.
NeoPatrick is offline  
Old Apr 24th, 2008, 07:15 PM
  #3  
 
Join Date: May 2003
Posts: 8,219
Likes: 0
Received 0 Likes on 0 Posts
i agree about using ATMs, but you may get more help on the Europe board.
abram is offline  
Old Apr 25th, 2008, 06:20 AM
  #4  
 
Join Date: Jan 2003
Posts: 6,019
Likes: 0
Received 0 Likes on 0 Posts
You will get more responses on the European board, but having been to Europe every year since 1998 I hope I can offer a little information on my experience.

Conventional wisdom says to use your aTM card or debit card at a bank machine.

Basically this is true because at bank machines the exchange rate is the interbank rate plus 1%, BUT there are some cautions. Some banks, Bank of America in my case, charge a flat fee for using a bank card off-net. So know before you go.

In the case of B of A, I am ok as long as I go to Barclays in the UK.
I don't recall if Barclays has branches in Ireland or not.

As a related issue, do NOT use your credit card for cash. That is an expensive way to do it because extra fees apply to cash advances.

If you buy euro before you go, expect to pay about 6% above the wholesale rate.

Some people cling to the idea that travelers checks are the way to fly.
No. They are hard to use. Most merchants will not accept them even if they are in euro.

If in dollars you pay to exchage; if in euro you pay to acquire them. You lose either way.

Credit cards are a good way to go as well BUT some banks tack on 3%.

Capital One has not so far.

Beware dynamic conversion where you are given the bill in US dollars.
You pay extra for this way of doing business. Refuse it and ask for your charge in local currency.

If local currency is not available, write "Disputed. Local currency not offered." Then dispute the charge with your bank.

bob_brown is offline  
Old Apr 25th, 2008, 07:14 AM
  #5  
 
Join Date: Jun 2006
Posts: 4,248
Likes: 0
Received 0 Likes on 0 Posts
I also have BOA, but I don't believe Barclays has any branches in Ireland (Northern Ireland may have some). My strategy in Ireland, since I had to pay for each withdrawal, was to get out a large amount whenever I needed it and use my credit or debit card for anything I could. I think I used the ATM twice in a week.
jent103 is offline  
Old Apr 25th, 2008, 08:42 AM
  #6  
 
Join Date: Oct 2006
Posts: 36,828
Likes: 0
Received 0 Likes on 0 Posts
joannadee realized her mistake almost immediately and reposted on the Europe board where she has already received lots of detailed responses. I think we can let this one on the US board drop now.
NeoPatrick is offline  
Related Topics
Thread
Original Poster
Forum
Replies
Last Post
amy_lavoie1
Europe
4
Sep 10th, 2015 06:52 AM
pfarrell3413
Europe
18
May 23rd, 2013 12:51 AM
linda_logue_7
Europe
6
Apr 8th, 2013 09:08 AM
cody
Europe
10
Aug 14th, 2003 03:21 PM
phillymazes
Europe
6
Apr 18th, 2003 08:44 PM

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 On
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Do Not Sell My Personal Information


All times are GMT -8. The time now is 01:24 PM.