Changing money in Italy
 

Where can you get the best exchange rate (USD to Euros) in
Italy? ATM, exchange stall, bank?

Thanks,
Jo

Re: Changing money in Italy
 

On 7 Feb., 08:23, Mel <[email protected]> wrote:
> Where can you get the best exchange rate (USD to Euros) in
> Italy? ATM, exchange stall, bank?
>
> Thanks,
> Jo

Assuming you plan to exchange small
amounts during/for a vacation: ATM

But check the conditions applicable for
the cards you plan to use (mainly network
and cost)

Re: Changing money in Italy
 

Let is be knownst that on Wed, 07 Feb 2007 02:23:11 -0500, Mel
<[email protected]> writted:

>Where can you get the best exchange rate (USD to Euros) in
>Italy? ATM, exchange stall, bank?

ATM without a doubt.

When using your card, try to ensure the bank is open, just in case the
machine swallows it. Happened to me once, and I got it back straight
away.
--
---
DFM - http://www.deepfriedmars.com
---
--

Re: Changing money in Italy
 

"Mel" <[email protected]> ha scritto nel messaggio
news:[email protected]...
> Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
> exchange stall, bank?
>
> Thanks,
> Jo

the best way to change money is the Post Office
Post offices are verywhere in Italy. Most of them are open all the day (
8.30 to 6.00 pm ) and the rate of change is fixed and commissions are
fixed.-
we are talking about changeing money
ATM machines are almost everywhere and the rate of change is better. pls
note that they normally give an amout of 250 eur a day and no more than 1250
eur a month
Visa and Mastercard are also widely accepted
AMEX a little less commonly

Re: Changing money in Italy
 

>> Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
>> exchange stall, bank?
>
> ATM machines are almost everywhere and the rate of change is better. pls
> note that they normally give an amout of 250 eur a day and no more than
> 1250 eur a month

Don't know what you mean by "normally." With Venice machines ( and most
places elsewhere). I have never found a monthly limit. -- there is often a
250 euro limit per transaction, and my U.S. bank puts a two per day limit--
but I have often cashed several thousand in a week with no problem. Got to
pay the rent!
If I am in need, I use my wife's card ( for the same account) , and I can
get another two transactions . And I can go to another bank's machine for
more .
rjf

Re: Changing money in Italy
 

tile <[email protected]> wrote:

> "Mel" <[email protected]> ha scritto nel messaggio
> news:[email protected]...
> > Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
> > exchange stall, bank?
> >
> > Thanks,
> > Jo
>
> the best way to change money is the Post Office
> Post offices are verywhere in Italy. Most of them are open all the day (
> 8.30 to 6.00 pm ) and the rate of change is fixed and commissions are
> fixed.-
> we are talking about changeing money
> ATM machines are almost everywhere and the rate of change is better. pls
> note that they normally give an amout of 250 eur a day and no more than 1250
> eur a month

I assume you mean the same machine? Otherwise, what do people do if they
need more than that in a month? It's not a large figure, even for cash.

--
(*) ... of the royal duchy of city south and deansgate
David Horne- http://www.davidhorne.net
(don't email yahoo address) usenet (at) davidhorne (dot) co (dot) uk

Re: Changing money in Italy
 

On Wed, 7 Feb 2007 17:05:40 +0000, [email protected] (David Horne, _the_
chancellor (*)) wrote:

>tile <[email protected]> wrote:
>
>> "Mel" <[email protected]> ha scritto nel messaggio
>> news:[email protected]...
>> > Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
>> > exchange stall, bank?
>> >
>> > Thanks,
>> > Jo
>>
>> the best way to change money is the Post Office
>> Post offices are verywhere in Italy. Most of them are open all the day (
>> 8.30 to 6.00 pm ) and the rate of change is fixed and commissions are
>> fixed.-
>> we are talking about changeing money
>> ATM machines are almost everywhere and the rate of change is better. pls
>> note that they normally give an amout of 250 eur a day and no more than 1250
>> eur a month
>
>I assume you mean the same machine? Otherwise, what do people do if they
>need more than that in a month? It's not a large figure, even for cash.

From my experience the limits are set by the owners of the ATMs and your own
bank. My bank sets a daily and weekly limit. The limits can be changed on
request depending on the state of your account.

I did manage to withdraw six times the individual ATM limit in Milan in an hour
by going from bank to bank. OTOH in France I once exceeded my own bank's weekly
limit. Your bank should tell you what the limits on your account are set to if
you ask.
--

Martin

Re: Changing money in Italy
 

Martin <[email protected]> wrote:

> On Wed, 7 Feb 2007 17:05:40 +0000, [email protected] (David Horne, _the_
> chancellor (*)) wrote:
>
> >tile <[email protected]> wrote:
> >
> >> "Mel" <[email protected]> ha scritto nel messaggio
> >> news:[email protected]...
> >> > Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
> >> > exchange stall, bank?
> >> >
> >> > Thanks,
> >> > Jo
> >>
> >> the best way to change money is the Post Office Post offices are
> >> verywhere in Italy. Most of them are open all the day ( 8.30 to 6.00
> >> pm ) and the rate of change is fixed and commissions are fixed.- we are
> >> talking about changeing money ATM machines are almost everywhere and
> >> the rate of change is better. pls note that they normally give an amout
> >> of 250 eur a day and no more than 1250 eur a month
> >
> >I assume you mean the same machine? Otherwise, what do people do if they
> >need more than that in a month? It's not a large figure, even for cash.
>
> From my experience the limits are set by the owners of the ATMs and your
> own bank. My bank sets a daily and weekly limit. The limits can be changed
> on request depending on the state of your account.
>
> I did manage to withdraw six times the individual ATM limit in Milan in an
> hour by going from bank to bank. OTOH in France I once exceeded my own
> bank's weekly limit. Your bank should tell you what the limits on your
> account are set to if you ask.

I suppose I'd never thought about that. I know there's a daily limit,
but I hadn't thought of a weekly or monthly limit. Not sure if I like
the idea, but I can understand why it exists.

--
(*) ... of the royal duchy of city south and deansgate
David Horne- http://www.davidhorne.net
(don't email yahoo address) usenet (at) davidhorne (dot) co (dot) uk

Re: Changing money in Italy
 

"bob fusillo" <[email protected]> ha scritto nel messaggio
news:[email protected]. ..
>
>>> Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
>>> exchange stall, bank?
>>
>> ATM machines are almost everywhere and the rate of change is better. pls
>> note that they normally give an amout of 250 eur a day and no more than
>> 1250 eur a month
>
> Don't know what you mean by "normally." With Venice machines ( and most
> places elsewhere). I have never found a monthly limit. -- there is often
> a 250 euro limit per transaction, and my U.S. bank puts a two per day
> limit-- but I have often cashed several thousand in a week with no
> problem. Got to pay the rent!
> If I am in need, I use my wife's card ( for the same account) , and I
> can get another two transactions . And I can go to another bank's
> machine for more .
> rjf
>

maybe the limits are only for Italian ATM cards

I have about 15.000 credit in my credit card.. but the bank told me i cannot
get more than 1250 per month with my ATM card.-
just find it out with yr bank.

Re: Changing money in Italy
 

"bob fusillo" <[email protected]> ha scritto nel messaggio
news:[email protected]. ..
>
>>> Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
>>> exchange stall, bank?
>>
>> ATM machines are almost everywhere and the rate of change is better. pls
>> note that they normally give an amout of 250 eur a day and no more than
>> 1250 eur a month
>
> Don't know what you mean by "normally." With Venice machines ( and most
> places elsewhere). I have never found a monthly limit. -- there is often
> a 250 euro limit per transaction, and my U.S. bank puts a two per day
> limit-- but I have often cashed several thousand in a week with no
> problem. Got to pay the rent!
> If I am in need, I use my wife's card ( for the same account) , and I
> can get another two transactions . And I can go to another bank's
> machine for more .
> rjf
>

Hi BOB

when you are in Budapest do not miss

Szentendre .. a very small village within local bus reach from Budapest.
( Latin name : Ulcisa castra.. )

It boasts a very small historical centre. but a very nice serbian orthodox
church and annexed museum

If you have time. go to EGER, with an old turkish minaret and a very nice
castle.

When you are in Budapest, you might look for an inscription in memory of
those who defended the town from Turkish invaders.. ( It is on the walls of
the Fishermen Defenses )

their commander was Raimondo Montecuccoli, an italian nobleman from a
small village near my home town ( Montecuccolino )

Later and finally turks were defeated bu a Cristian fleet in
Lepanto.. where the admiral in Chief was Andrea Doria..
a famous admiral from Genova.

Re: Changing money in Italy
 

On Wed, 7 Feb 2007 17:20:48 +0000, [email protected] (David Horne, _the_
chancellor (*)) wrote:

>Martin <[email protected]> wrote:
>
>> On Wed, 7 Feb 2007 17:05:40 +0000, [email protected] (David Horne, _the_
>> chancellor (*)) wrote:
>>
>> >tile <[email protected]> wrote:
>> >
>> >> "Mel" <[email protected]> ha scritto nel messaggio
>> >> news:[email protected]...
>> >> > Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
>> >> > exchange stall, bank?
>> >> >
>> >> > Thanks,
>> >> > Jo
>> >>
>> >> the best way to change money is the Post Office Post offices are
>> >> verywhere in Italy. Most of them are open all the day ( 8.30 to 6.00
>> >> pm ) and the rate of change is fixed and commissions are fixed.- we are
>> >> talking about changeing money ATM machines are almost everywhere and
>> >> the rate of change is better. pls note that they normally give an amout
>> >> of 250 eur a day and no more than 1250 eur a month
>> >
>> >I assume you mean the same machine? Otherwise, what do people do if they
>> >need more than that in a month? It's not a large figure, even for cash.
>>
>> From my experience the limits are set by the owners of the ATMs and your
>> own bank. My bank sets a daily and weekly limit. The limits can be changed
>> on request depending on the state of your account.
>>
>> I did manage to withdraw six times the individual ATM limit in Milan in an
>> hour by going from bank to bank. OTOH in France I once exceeded my own
>> bank's weekly limit. Your bank should tell you what the limits on your
>> account are set to if you ask.
>
>I suppose I'd never thought about that. I know there's a daily limit,
>but I hadn't thought of a weekly or monthly limit. Not sure if I like
>the idea, but I can understand why it exists.

It's reasonable, if the limits can be changed.

Ask your bank. It's supposed to be to protect you.
--

Martin

Re: Changing money in Italy
 

"tile" <[email protected]> wrote in message
news:[email protected]...
>
> "bob fusillo" <[email protected]> ha scritto nel messaggio
> news:[email protected]. ..
>>
>>>> Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
>>>> exchange stall, bank?
>>>
>>> ATM machines are almost everywhere and the rate of change is better. pls
>>> note that they normally give an amout of 250 eur a day and no more than
>>> 1250 eur a month
>>
>> Don't know what you mean by "normally." With Venice machines ( and most
>> places elsewhere). I have never found a monthly limit. -- there is often
>> a 250 euro limit per transaction, and my U.S. bank puts a two per day
>> limit-- but I have often cashed several thousand in a week with no
>> problem. Got to pay the rent!
>> If I am in need, I use my wife's card ( for the same account) , and I
>> can get another two transactions . And I can go to another bank's
>> machine for more .
>> rjf
>>
>
> maybe the limits are only for Italian ATM cards
>
> I have about 15.000 credit in my credit card.. but the bank told me i
> cannot get more than 1250 per month with my ATM card.-
> just find it out with yr bank.
>

I never use Credit card for a cash advance. Too much added cost. My ATM
has a $900 / day limit and I can draw $900 / day every day until my checking
account runs out of money. Never drew more than that and some banks have
a $250 limit per transaction. Asked the bank to increase my limit when I
went overseas about 2001. They did not have a problem with it, but I do
have a high bank rating. Maybe an Italian ATM card has a monthly limit, but
US seems to only have a daily limit.

Re: Changing money in Italy
 

On Wed, 07 Feb 2007 09:05:02 +0100, Deeply Filled Mortician
<deepfreudmoors@eITmISaACTUALLYiREAL!l.nu> wrote:

>Let is be knownst that on Wed, 07 Feb 2007 02:23:11 -0500, Mel
><[email protected]> writted:
>
>>Where can you get the best exchange rate (USD to Euros) in
>>Italy? ATM, exchange stall, bank?
>
>ATM without a doubt.

That *used* to be true. Now the big banks in America are charging
bigtime on foreign use of ATMs. That just started recently--been
reading articles on it. So check your bank's policy.

Re: Changing money in Italy
 

Mel wrote:
> Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
> exchange stall, bank?
>
> Thanks,
> Jo

I've been getting some information about cash advances from
my card holders and find that the debit cards used in ATMs
give a good rate ($1, $2+ exchange rate) whereas a credit
card used in an ATM machine charges much more. In one case
it was a minimum of $10 or 3% of the withdrawal. In another
case it was $2 a day for a $90 withdrawal...until the
monthly bill is paid. In the 2nd instance if you withdrew
money on the first day of your billing cycle you would pay
$60 on a $90 withdrawal.

When I went to Eastern Europe the order of the day was to
use cash to buy the foreign currency. I'm thinking that is
what to do in Italy to buy Euros and use credit cards for
purchases. Does that make sense?

Jo

Re: Changing money in Italy
 

"David Horne, _the_ chancellor (*)" <[email protected]> wrote in message
news:1ht6cr0.18exdmt1nh4alkN%[email protected]...
> tile <[email protected]> wrote:
>
>> "Mel" <[email protected]> ha scritto nel messaggio
>> news:[email protected]...
>> > Where can you get the best exchange rate (USD to Euros) in Italy? ATM,
>> > exchange stall, bank?
>> >
>> > Thanks,
>> > Jo
>>
>> the best way to change money is the Post Office
>> Post offices are verywhere in Italy. Most of them are open all the day
>> (
>> 8.30 to 6.00 pm ) and the rate of change is fixed and commissions are
>> fixed.-
>> we are talking about changeing money
>> ATM machines are almost everywhere and the rate of change is better. pls
>> note that they normally give an amout of 250 eur a day and no more than
>> 1250
>> eur a month

I've never suffered from a monthly limit.

Daily limits of 500 or 1000 Euro seem normal, but if
you want more just go back tomorrow.

tim