Bank charges to use US ATM card in Italy
 

My US bank charges $2 for each withdrawal using my ATM card in Italy.
They warned me that the banks in Italy also charge a fee, which could
be even more. Does anyone know what the banks in Italy charge to use
a non VISA, USA ATM card in Italy to withdraw cash? Thanks,

Edward

Re: Bank charges to use US ATM card in Italy
 

On 4 May 2007 07:07:28 -0700, Edward <[email protected]> wrote:

>My US bank charges $2 for each withdrawal using my ATM card in Italy.
>They warned me that the banks in Italy also charge a fee, which could
>be even more. Does anyone know what the banks in Italy charge to use
>a non VISA, USA ATM card in Italy to withdraw cash? Thanks,

Up through our ten weeks in Europe a few summers ago we have
never been charged a fee by a European ATM.

--
************* DAVE HATUNEN ([email protected]) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *

Re: Bank charges to use US ATM card in Italy
 

On Fri, 04 May 2007, Edward wrote:

> My US bank charges $2 for each withdrawal using my ATM card in Italy.
> They warned me that the banks in Italy also charge a fee, which could
> be even more. Does anyone know what the banks in Italy charge to use
> a non VISA, USA ATM card in Italy to withdraw cash? Thanks,

Your US bank, as usual, doesn't know anything about international
transactions. Banks in Europe don't usually charge a fee when you use
their machine.

--
Yves Bellefeuille
<[email protected]>

Re: Bank charges to use US ATM card in Italy
 

"Edward" <[email protected]> wrote in message
news:[email protected] ups.com...
> My US bank charges $2 for each withdrawal using my ATM card in Italy.
> They warned me that the banks in Italy also charge a fee, which could
> be even more. Does anyone know what the banks in Italy charge to use
> a non VISA, USA ATM card in Italy to withdraw cash? Thanks,

I have never been charged a fee by an Italian bank for using their ATM but
it has been a couple of years. While $2 is just a drop in the bucket, it
seems rather high. You might want to look around for another bank. Check
with your credit card companies and don't use any that charge more than
Interbank + 1% for foreign transactions. Also, always check your credit
card slips before you sign to make sure that you are being charged in Euros.
When they charge you in dollars they want you to believe that it's for your
convenience but the exchange is done at a retail (worse) rate so it is much
worse for you.

--
Donald R. Newcomb
DRNewcomb (at) attglobal (dot) net

Re: Bank charges to use US ATM card in Italy
 

Yves Bellefeuille wrote:
> On Fri, 04 May 2007, Edward wrote:
>
>> My US bank charges $2 for each withdrawal using my ATM card in Italy.
>> They warned me that the banks in Italy also charge a fee, which could
>> be even more. Does anyone know what the banks in Italy charge to use
>> a non VISA, USA ATM card in Italy to withdraw cash? Thanks,
>
> Your US bank, as usual, doesn't know anything about international
> transactions. Banks in Europe don't usually charge a fee when you use
> their machine.
>

Thanks, they really don't know about their own transactions. I've
received two different responses regarding conversion fees.

Re: Bank charges to use US ATM card in Italy
 

"Donald Newcomb" <[email protected]> wrote in message
news:463c86cc@kcnews01...
> "Edward" <[email protected]> wrote in message
> news:[email protected] ups.com...
>> My US bank charges $2 for each withdrawal using my ATM card in Italy.
>> They warned me that the banks in Italy also charge a fee, which could
>> be even more. Does anyone know what the banks in Italy charge to use
>> a non VISA, USA ATM card in Italy to withdraw cash? Thanks,
>
> I have never been charged a fee by an Italian bank for using their ATM but
> it has been a couple of years. While $2 is just a drop in the bucket, it
> seems rather high. You might want to look around for another bank. Check
> with your credit card companies and don't use any that charge more than
> Interbank + 1% for foreign transactions. Also, always check your credit
> card slips before you sign to make sure that you are being charged in
> Euros.
> When they charge you in dollars they want you to believe that it's for
> your
> convenience but the exchange is done at a retail (worse) rate so it is
> much
> worse for you.

The last time I was in Italy there was a machine in every airport that
changed cash notes at exactly the exchange rate of the day with no 'turn' or
commission payment.

Don't know if they're still there but this was well after Euros had come
in...

It may just be better to carry cash.

--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.

Re: Bank charges to use US ATM card in Italy
 

"William Black" <[email protected]> wrote in message
news:3c0%[email protected]...
> It may just be better to carry cash.

I don't recall those machines but did have to try three ATMs at the airport
before I found one in service. I think they get drained frequently. While I
do carry several hundred in emergency cash, I would hate to carry enough
cash for an entire vacation.

--
Donald R. Newcomb
DRNewcomb (at) attglobal (dot) net

Re: Bank charges to use US ATM card in Italy
 

Speaking of cards in Italy, will the process to obtain cash with a
credit card be the same in Italy as in the UK?
There is simply went into a bank, presented my card and passport and
told them how many pounds I needed, and in a short while walked out
with cash.

Same procedure in Italy? (I hate using those hole-in-the-wall places.)

Re: Bank charges to use US ATM card in Italy
 

Hatunen <[email protected]> wrote:
> On 4 May 2007 07:07:28 -0700, Edward <[email protected]> wrote:
>> My US bank charges $2 for each withdrawal using my ATM card in Italy.
>> They warned me that the banks in Italy also charge a fee, which could
>> be even more. Does anyone know what the banks in Italy charge to use
>> a non VISA, USA ATM card in Italy to withdraw cash? Thanks,
>
> Up through our ten weeks in Europe a few summers ago we have
> never been charged a fee by a European ATM.

Up to two weeks ago, I haven't either.

The only place outside the USA where I've been charged a fee remains
Vietnam.

miguel
--
Hit the road! Photos from around the world: http://travel.u.nu
Detailed airport information: http://airport.u.nu

Re: Bank charges to use US ATM card in Italy
 

On 4 May 2007 07:07:28 -0700, Edward <[email protected]> wrote:

>My US bank charges $2 for each withdrawal using my ATM card in Italy.
>They warned me that the banks in Italy also charge a fee, which could
>be even more. Does anyone know what the banks in Italy charge to use
>a non VISA, USA ATM card in Italy to withdraw cash? Thanks,
>
>Edward


If you atm/debit card does not have a Mastercard or Visa symbol. Ask
your bank to get you one.

Beside using cash using a debit card at Merchants would save you some
fees. Just remember to ask the merchant not to do dynamic conversion.

You may still be charged a foreign transaction fee for each
transaction.

10.00 EUR = 13.4846 USD

The foreign transaction fee may not be billed until your statement in
printed and will not show on your receipt.

The atm/debit cards that have a Mastercard or Visa symbol can work at
least two ways. Signature and pin transactions. .

Do to Italy upgrading to chip & pin. You will need to tell the
merchant that you are from the U.S. and you country has not upgraded
to chip & pin & you will need to sign for your purchases. You may
need your id and passport to prove you are from the U.S.

Sometimes the pin will work for a debit card at merchants outside of
the U.S. but it is hit & miss. The logo's that could work as a pin
transaction are Maestro, Plus and maybe Cirrus.


Greg Rozelle