larger euro notes for Italy
May 15th 2003, 9:07 am
#61
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Posts: n/a
Re: larger euro notes for Italy
"Luca Logi" wrote in message
news:1fv0958.qx9djq1r0ffm7N%[email protected]...
> Tim wrote:
> > Bankomat card at the till of the shop. Card in the reader - the amount
of
> > the bill is shown on the display - and I enter the PIN.
> > Get a recipt. No cash, no cheque. There's a limit on payment on the ATM
> > card, of course I think it's around ¤3500, but that differs from bank to
> > bank.
> >
> > Ok, your next question will be: What if I wanted to pay for something of
> > ¤4000?
> > I would normally still pay with the bankomat card, but this time I might
> > have to sign the recipt so the bank and shop knows it really was me. I'd
be
> > very surprised if the shop said cash only. Tim.
> Well, I'd say your ATM cards have pretty high monthly limits. Here in
> Italy the standard limits are around ¤ 500 to 1000/month per card, no
> way to get out of the limit (you can of course negotiate with the bank
> an higher limit), so a computer would be probably paid with a cheque.
While I don't use it much, my understanding of my UK debit card is that I
can spend up to what my account has in it at the time. I recently used it to
get EUR 3,000 in cash without any problem. I am, however, far more likely to
use a credit or charge card to pay for anything from a large amount of
groceries upwards. Credit limits on those vary from person to person. The
only use my cheque book gets is when I am paying off the credit / charge
cards.
Colin Bignell
news:1fv0958.qx9djq1r0ffm7N%[email protected]...
> Tim wrote:
> > Bankomat card at the till of the shop. Card in the reader - the amount
of
> > the bill is shown on the display - and I enter the PIN.
> > Get a recipt. No cash, no cheque. There's a limit on payment on the ATM
> > card, of course I think it's around ¤3500, but that differs from bank to
> > bank.
> >
> > Ok, your next question will be: What if I wanted to pay for something of
> > ¤4000?
> > I would normally still pay with the bankomat card, but this time I might
> > have to sign the recipt so the bank and shop knows it really was me. I'd
be
> > very surprised if the shop said cash only. Tim.
> Well, I'd say your ATM cards have pretty high monthly limits. Here in
> Italy the standard limits are around ¤ 500 to 1000/month per card, no
> way to get out of the limit (you can of course negotiate with the bank
> an higher limit), so a computer would be probably paid with a cheque.
While I don't use it much, my understanding of my UK debit card is that I
can spend up to what my account has in it at the time. I recently used it to
get EUR 3,000 in cash without any problem. I am, however, far more likely to
use a credit or charge card to pay for anything from a large amount of
groceries upwards. Credit limits on those vary from person to person. The
only use my cheque book gets is when I am paying off the credit / charge
cards.
Colin Bignell
May 15th 2003, 9:52 am
#62
Guest
Posts: n/a
Re: larger euro notes for Italy
Sjoerd wrote:
>
> Why would a direct debit card have a *monthly* limit? These types of cards
> have *daily* limits here (maximum amount depends on the bank and how much
> they trust the customer), but at the end of each business day your balance
> is updated and the bank's computer knows if it can give you the limit again
> for the next day. As long as my balance is OK, I can easily spend ? 60,000
> per month on my debit card. (my daily limit is ? 2,000) For purchases > ?
> 2,000 I usually 1) pay by credit card 2) know in advance and get cash out of
> an ATM for several days and just pay most in cash and the balance with my
> debit card, or 3) use a combination of several debit and credit cards, or 4)
> pay via a bank transfer in advance.. But how often do most people buy
> something which is worth > ? 2,000?
I believe it is a security issue: if a card gets stolen, if the limit is
low the possible damage is limited. By the way, if you rarely spend more
than ¤ 2000, even the occasional cheque is a limited inconvenience.
--
Luca Logi - Firenze - Italy e-mail: [email protected]
>
> Why would a direct debit card have a *monthly* limit? These types of cards
> have *daily* limits here (maximum amount depends on the bank and how much
> they trust the customer), but at the end of each business day your balance
> is updated and the bank's computer knows if it can give you the limit again
> for the next day. As long as my balance is OK, I can easily spend ? 60,000
> per month on my debit card. (my daily limit is ? 2,000) For purchases > ?
> 2,000 I usually 1) pay by credit card 2) know in advance and get cash out of
> an ATM for several days and just pay most in cash and the balance with my
> debit card, or 3) use a combination of several debit and credit cards, or 4)
> pay via a bank transfer in advance.. But how often do most people buy
> something which is worth > ? 2,000?
I believe it is a security issue: if a card gets stolen, if the limit is
low the possible damage is limited. By the way, if you rarely spend more
than ¤ 2000, even the occasional cheque is a limited inconvenience.
--
Luca Logi - Firenze - Italy e-mail: [email protected]
May 15th 2003, 4:34 pm
#63
Guest
Posts: n/a
Re: larger euro notes for Italy
tandp wrote:
> Miguel Cruz schrieb:
>> Are you sure that's not just a cash limit (as opposed to a purchase limit)?
>> Like yours, my card has a periodic limit on the amount of cash I can
>> withdraw, but I'm not aware of any limit on the amount I can spend on a
>> purchase.
> I think we're talking about a direct debit card and not a credit card.
Yes, me too!
miguel
--
Hit The Road! Photos and tales from around the world: http://travel.u.nu
Latest photos: Maldives, Dubai and Vietnam
> Miguel Cruz schrieb:
>> Are you sure that's not just a cash limit (as opposed to a purchase limit)?
>> Like yours, my card has a periodic limit on the amount of cash I can
>> withdraw, but I'm not aware of any limit on the amount I can spend on a
>> purchase.
> I think we're talking about a direct debit card and not a credit card.
Yes, me too!
miguel
--
Hit The Road! Photos and tales from around the world: http://travel.u.nu
Latest photos: Maldives, Dubai and Vietnam
May 15th 2003, 5:35 pm
#64
Guest
Posts: n/a
Re: larger euro notes for Italy
"Luca Logi" schreef in bericht
news:1fv0s5j.imvkjbw5qayqN%[email protected]...
> Sjoerd wrote:
> >
> > Why would a direct debit card have a *monthly* limit? These types of
cards
> > have *daily* limits here (maximum amount depends on the bank and how
much
> > they trust the customer), but at the end of each business day your
balance
> > is updated and the bank's computer knows if it can give you the limit
again
> > for the next day. As long as my balance is OK, I can easily spend ?
60,000
> > per month on my debit card. (my daily limit is ? 2,000) For purchases >
?
> > 2,000 I usually 1) pay by credit card 2) know in advance and get cash
out of
> > an ATM for several days and just pay most in cash and the balance with
my
> > debit card, or 3) use a combination of several debit and credit cards,
or 4)
> > pay via a bank transfer in advance.. But how often do most people buy
> > something which is worth > ? 2,000?
> I believe it is a security issue: if a card gets stolen, if the limit is
> low the possible damage is limited.
But 1) doesn't your debit card require a PIN? and 2) don't you have a
telephone number that you can call as soon as you discover that your card
has been stolen so that the card can be blocked?
By the way, if you rarely spend more
> than ¤ 2000, even the occasional cheque is a limited inconvenience.
Well, cheques have been completely abolished here, so that alternative is no
longer available.
Sjoerd
news:1fv0s5j.imvkjbw5qayqN%[email protected]...
> Sjoerd wrote:
> >
> > Why would a direct debit card have a *monthly* limit? These types of
cards
> > have *daily* limits here (maximum amount depends on the bank and how
much
> > they trust the customer), but at the end of each business day your
balance
> > is updated and the bank's computer knows if it can give you the limit
again
> > for the next day. As long as my balance is OK, I can easily spend ?
60,000
> > per month on my debit card. (my daily limit is ? 2,000) For purchases >
?
> > 2,000 I usually 1) pay by credit card 2) know in advance and get cash
out of
> > an ATM for several days and just pay most in cash and the balance with
my
> > debit card, or 3) use a combination of several debit and credit cards,
or 4)
> > pay via a bank transfer in advance.. But how often do most people buy
> > something which is worth > ? 2,000?
> I believe it is a security issue: if a card gets stolen, if the limit is
> low the possible damage is limited.
But 1) doesn't your debit card require a PIN? and 2) don't you have a
telephone number that you can call as soon as you discover that your card
has been stolen so that the card can be blocked?
By the way, if you rarely spend more
> than ¤ 2000, even the occasional cheque is a limited inconvenience.
Well, cheques have been completely abolished here, so that alternative is no
longer available.
Sjoerd
May 15th 2003, 6:39 pm
#65
Guest
Posts: n/a
Re: larger euro notes for Italy
Sjoerd wrote:
> But 1) doesn't your debit card require a PIN? and 2) don't you have a
> telephone number that you can call as soon as you discover that your card
> has been stolen so that the card can be blocked?
1. Of course debit cards have a PIN number. And the best thing to do in
a perfect world would be memorizing the PIN and/or keeping in a
different place of the card. After we've said it, I believe a lot of
persons - in the real world - keep a piece of paper with the PIN in the
same wallet of the card. When the card goes, so goes the PIN.
2. You phone as soon as you realize the card has been stolen...
3. I believe in some cases the whole cards were faked (together with
their PINs), without any need to actually steal the card. But the money
withdrawn was charged on a real account.
--
Luca Logi - Firenze - Italy e-mail: [email protected]
> But 1) doesn't your debit card require a PIN? and 2) don't you have a
> telephone number that you can call as soon as you discover that your card
> has been stolen so that the card can be blocked?
1. Of course debit cards have a PIN number. And the best thing to do in
a perfect world would be memorizing the PIN and/or keeping in a
different place of the card. After we've said it, I believe a lot of
persons - in the real world - keep a piece of paper with the PIN in the
same wallet of the card. When the card goes, so goes the PIN.
2. You phone as soon as you realize the card has been stolen...
3. I believe in some cases the whole cards were faked (together with
their PINs), without any need to actually steal the card. But the money
withdrawn was charged on a real account.
--
Luca Logi - Firenze - Italy e-mail: [email protected]
May 15th 2003, 6:51 pm
#66
Guest
Posts: n/a
Re: larger euro notes for Italy
"Sjoerd" a écrit dans le message de news:
[email protected]...
> Well, cheques have been completely abolished here,
> so that alternative is no longer available.
How do you pay for things via postal mail?
[email protected]...
> Well, cheques have been completely abolished here,
> so that alternative is no longer available.
How do you pay for things via postal mail?
May 15th 2003, 7:05 pm
#67
Guest
Posts: n/a
Re: larger euro notes for Italy
On Thu, 15 May 2003 21:04:21 +0200, Sjoerd
wrote:
> "Luca Logi" schreef in bericht
> news:1fv0958.qx9djq1r0ffm7N%[email protected]...
>> Tim wrote:
>> > Bankomat card at the till of the shop. Card in the reader - the amount
> of
>> > the bill is shown on the display - and I enter the PIN.
>> > Get a recipt. No cash, no cheque. There's a limit on payment on the
>> ATM
>> > card, of course I think it's around ¤3500, but that differs from bank
>> to
>> > bank.
>> >
>> > Ok, your next question will be: What if I wanted to pay for something
>> of
>> > ¤4000?
>> > I would normally still pay with the bankomat card, but this time I
>> might
>> > have to sign the recipt so the bank and shop knows it really was me.
>> I'd
> be
>> > very surprised if the shop said cash only. Tim.
>> Well, I'd say your ATM cards have pretty high monthly limits. Here in
>> Italy the standard limits are around ¤ 500 to 1000/month per card,
> Why would a direct debit card have a *monthly* limit? These types of
> cards
> have *daily* limits here (maximum amount depends on the bank and how much
> they trust the customer), but at the end of each business day your
> balance
> is updated and the bank's computer knows if it can give you the limit
> again
> for the next day.
Assuming that there's a link to the bank where you are withdrawing the
cash, say in rural Italy when I have an Austrian card. At least here the
card holds the data on how much you have withdrawn in a certain time, or at
least how much is left of your limit and you can withdraw up to that even
if the bank link is down. At least that's how I it was explained to me.
Because they're not tecnically direct debit cards, they're cashpoint cards
which were then used as cheque guarantee cards and then have been hijacked
for a DD-like system. They all had limits before - you know fifty-quid for
a cheque....one could ask the same question, why the limit on a cheque
guarantee card? And why a monthly/weekly/daily limit at all? For the same
reason that there is, or at least used to be a limit on cashpoint
withdrawals in the UK.
Tim.
wrote:
> "Luca Logi" schreef in bericht
> news:1fv0958.qx9djq1r0ffm7N%[email protected]...
>> Tim wrote:
>> > Bankomat card at the till of the shop. Card in the reader - the amount
> of
>> > the bill is shown on the display - and I enter the PIN.
>> > Get a recipt. No cash, no cheque. There's a limit on payment on the
>> ATM
>> > card, of course I think it's around ¤3500, but that differs from bank
>> to
>> > bank.
>> >
>> > Ok, your next question will be: What if I wanted to pay for something
>> of
>> > ¤4000?
>> > I would normally still pay with the bankomat card, but this time I
>> might
>> > have to sign the recipt so the bank and shop knows it really was me.
>> I'd
> be
>> > very surprised if the shop said cash only. Tim.
>> Well, I'd say your ATM cards have pretty high monthly limits. Here in
>> Italy the standard limits are around ¤ 500 to 1000/month per card,
> Why would a direct debit card have a *monthly* limit? These types of
> cards
> have *daily* limits here (maximum amount depends on the bank and how much
> they trust the customer), but at the end of each business day your
> balance
> is updated and the bank's computer knows if it can give you the limit
> again
> for the next day.
Assuming that there's a link to the bank where you are withdrawing the
cash, say in rural Italy when I have an Austrian card. At least here the
card holds the data on how much you have withdrawn in a certain time, or at
least how much is left of your limit and you can withdraw up to that even
if the bank link is down. At least that's how I it was explained to me.
Because they're not tecnically direct debit cards, they're cashpoint cards
which were then used as cheque guarantee cards and then have been hijacked
for a DD-like system. They all had limits before - you know fifty-quid for
a cheque....one could ask the same question, why the limit on a cheque
guarantee card? And why a monthly/weekly/daily limit at all? For the same
reason that there is, or at least used to be a limit on cashpoint
withdrawals in the UK.
Tim.
May 15th 2003, 7:09 pm
#68
Guest
Posts: n/a
Re: larger euro notes for Italy
>>>> Even in Switzerland you can get Euro 100 notes from an ATM. Actually
>>>> you can *only* get 50 & 100 notes.
>>> Possibly because Switzerland doesn't use Euros?
>> Not officially, no. But for holidaymakers.... So why would one be able
>> to get Euros from the ATMs there? Tim.
> We can get Euros at the ATMs around here probably because of the
> proximity to France. It's funny to see the signs stating you can only
> take out up to 1000 Euro per day!! I don't think I've ever taken that
> much out of an ATM in one day!! I guess some people do!
Emilia, I was being sarcastic. Tim.
>>>> you can *only* get 50 & 100 notes.
>>> Possibly because Switzerland doesn't use Euros?
>> Not officially, no. But for holidaymakers.... So why would one be able
>> to get Euros from the ATMs there? Tim.
> We can get Euros at the ATMs around here probably because of the
> proximity to France. It's funny to see the signs stating you can only
> take out up to 1000 Euro per day!! I don't think I've ever taken that
> much out of an ATM in one day!! I guess some people do!
Emilia, I was being sarcastic. Tim.
May 15th 2003, 7:57 pm
#69
Guest
Posts: n/a
Re: larger euro notes for Italy
On Fri, 16 May 2003 08:51:24 +0200, Mxsmanic wrote:
> "Sjoerd" a écrit dans le message de news:
> [email protected]...
>> Well, cheques have been completely abolished here,
>> so that alternative is no longer available.
> How do you pay for things via postal mail?
Assuming you haven't prepaid with credit card etc, then COD, quite often,
or they send you a bill which you then pay later via post-office or bank.
Tim.
> "Sjoerd" a écrit dans le message de news:
> [email protected]...
>> Well, cheques have been completely abolished here,
>> so that alternative is no longer available.
> How do you pay for things via postal mail?
Assuming you haven't prepaid with credit card etc, then COD, quite often,
or they send you a bill which you then pay later via post-office or bank.
Tim.
May 15th 2003, 8:17 pm
#70
Guest
Posts: n/a
Re: larger euro notes for Italy
Mxsmanic wrote:
> "Sjoerd" a écrit dans le message de news:
> [email protected]...
>
> > Well, cheques have been completely abolished here,
> > so that alternative is no longer available.
>
> How do you pay for things via postal mail?
While in the UK, we still use cheques and cheque guarantee cards, I'm
hard pressed to think of _any_ situation here where we'd have no choice
but to send a cheque, and couldn't use a debit or credit card. Indeed
the alternatives in all cases would probably be easier. Are there cases
in France where you have no choice but to send a cheque. I'm not talkinb
about preference here- just whether you don't have an alternative. I
really doubt the Netherlands would get rid of cheques if there were no
alternatives, right?
David
--
David Horne- www.davidhorne.co.uk
davidhorne (at) davidhorne (dot) co (dot) uk
> "Sjoerd" a écrit dans le message de news:
> [email protected]...
>
> > Well, cheques have been completely abolished here,
> > so that alternative is no longer available.
>
> How do you pay for things via postal mail?
While in the UK, we still use cheques and cheque guarantee cards, I'm
hard pressed to think of _any_ situation here where we'd have no choice
but to send a cheque, and couldn't use a debit or credit card. Indeed
the alternatives in all cases would probably be easier. Are there cases
in France where you have no choice but to send a cheque. I'm not talkinb
about preference here- just whether you don't have an alternative. I
really doubt the Netherlands would get rid of cheques if there were no
alternatives, right?
David
--
David Horne- www.davidhorne.co.uk
davidhorne (at) davidhorne (dot) co (dot) uk
May 15th 2003, 8:36 pm
#71
Guest
Posts: n/a
Re: larger euro notes for Italy
"David Horne" a écrit dans le
message de news:
1fv1oav.dzs7b2p10e6lN%i_will_almost_never_read_thi [email protected]...
> Are there cases in France where you have no
> choice but to send a cheque.
Isolated purchases by mail may require a check. I still pay my rent by
check.
> I really doubt the Netherlands would get rid
> of cheques if there were no alternatives, right?
So do I. I also doubt that the Netherlands has actually gotten rid of
checks.
message de news:
1fv1oav.dzs7b2p10e6lN%i_will_almost_never_read_thi [email protected]...
> Are there cases in France where you have no
> choice but to send a cheque.
Isolated purchases by mail may require a check. I still pay my rent by
check.
> I really doubt the Netherlands would get rid
> of cheques if there were no alternatives, right?
So do I. I also doubt that the Netherlands has actually gotten rid of
checks.
May 15th 2003, 8:38 pm
#72
Guest
Posts: n/a
Re: larger euro notes for Italy
Mxsmanic wrote:
> "David Horne" a écrit dans le
> message de news:
> 1fv1oav.dzs7b2p10e6lN%i_will_almost_never_read_thi [email protected]...
>
> > Are there cases in France where you have no
> > choice but to send a cheque.
>
> Isolated purchases by mail may require a check.
Any examples?
> I still pay my rent by
> check.
If you didn't, would there be another way? In the UK, most landlords
nowadays don't want the inconvenience of checks, and ask the tenants to
set up a standing order so the money is directly deposited. That
arrangement is certainly more convenient for me.
David
--
David Horne- www.davidhorne.co.uk
davidhorne (at) davidhorne (dot) co (dot) uk
> "David Horne" a écrit dans le
> message de news:
> 1fv1oav.dzs7b2p10e6lN%i_will_almost_never_read_thi [email protected]...
>
> > Are there cases in France where you have no
> > choice but to send a cheque.
>
> Isolated purchases by mail may require a check.
Any examples?
> I still pay my rent by
> check.
If you didn't, would there be another way? In the UK, most landlords
nowadays don't want the inconvenience of checks, and ask the tenants to
set up a standing order so the money is directly deposited. That
arrangement is certainly more convenient for me.
David
--
David Horne- www.davidhorne.co.uk
davidhorne (at) davidhorne (dot) co (dot) uk
May 15th 2003, 10:19 pm
#73
Guest
Posts: n/a
Re: larger euro notes for Italy
"David Horne" a écrit dans le
message de news:
1fv1pbo.t5tiywo1bcf7N%i_will_almost_never_read_thi [email protected]...
> Any examples?
Dealing with small businesses that do not have electronic funds transfer
capability.
> If you didn't, would there be another way?
I don't know. Many businesses accept electronic transfers or automatic
payment, but I don't know if the company managing my building is among them.
> In the UK, most landlords nowadays don't want
> the inconvenience of checks, and ask the tenants to
> set up a standing order so the money is directly
> deposited. That arrangement is certainly more
> convenient for me.
Right now, I don't even know where my next rent payment will be coming from,
so it would be awkward for me.
message de news:
1fv1pbo.t5tiywo1bcf7N%i_will_almost_never_read_thi [email protected]...
> Any examples?
Dealing with small businesses that do not have electronic funds transfer
capability.
> If you didn't, would there be another way?
I don't know. Many businesses accept electronic transfers or automatic
payment, but I don't know if the company managing my building is among them.
> In the UK, most landlords nowadays don't want
> the inconvenience of checks, and ask the tenants to
> set up a standing order so the money is directly
> deposited. That arrangement is certainly more
> convenient for me.
Right now, I don't even know where my next rent payment will be coming from,
so it would be awkward for me.
May 16th 2003, 12:15 am
#74
Guest
Posts: n/a
Re: larger euro notes for Italy
Hatunen wrote:
>
> On Thu, 15 May 2003 14:52:11 +0200, [email protected] (Luca Logi)
> wrote:
>
> >Well, I'd say your ATM cards have pretty high monthly limits. Here in
> >Italy the standard limits are around ¤ 500 to 1000/month per card, no
> >way to get out of the limit (you can of course negotiate with the bank
> >an higher limit), so a computer would be probably paid with a cheque.
>
> While there is a limit on the withdrawal of cash, set at a per
> day limit, I don't believe there is a limit on withdrawal for
> purchases. But I could be wrong.
>
> A monthly limit of $1000 would severely hamper my trips to
> Europe, where over a few weeks I might very well withdraw that
> much cash converted to euros or pounds or whatever.
My American ATM card has a daily limit on withdrawals, which doesn't
apply to purchases. (If there is a limit on purchases, it must be pretty
high.)
My Italian ATM card has both a daily limit and a monthly limit. As far
as I'm concerned, the monthly limit adds little to security and is a
pain in the neck when travelling.
Barbara
>
> On Thu, 15 May 2003 14:52:11 +0200, [email protected] (Luca Logi)
> wrote:
>
> >Well, I'd say your ATM cards have pretty high monthly limits. Here in
> >Italy the standard limits are around ¤ 500 to 1000/month per card, no
> >way to get out of the limit (you can of course negotiate with the bank
> >an higher limit), so a computer would be probably paid with a cheque.
>
> While there is a limit on the withdrawal of cash, set at a per
> day limit, I don't believe there is a limit on withdrawal for
> purchases. But I could be wrong.
>
> A monthly limit of $1000 would severely hamper my trips to
> Europe, where over a few weeks I might very well withdraw that
> much cash converted to euros or pounds or whatever.
My American ATM card has a daily limit on withdrawals, which doesn't
apply to purchases. (If there is a limit on purchases, it must be pretty
high.)
My Italian ATM card has both a daily limit and a monthly limit. As far
as I'm concerned, the monthly limit adds little to security and is a
pain in the neck when travelling.
Barbara
May 16th 2003, 1:17 am
#75
Guest
Posts: n/a
Re: larger euro notes for Italy
David Horne wrote:
>
> While in the UK, we still use cheques and cheque guarantee cards, I'm
> hard pressed to think of _any_ situation here where we'd have no choice
> but to send a cheque, and couldn't use a debit or credit card.
I've just this week run into a situation where I have no choice but to send
a cheque - My solicitor doesn't accept payment by plastic, and I'm not near
enough to the office to walk in and hand over cash.
>
> While in the UK, we still use cheques and cheque guarantee cards, I'm
> hard pressed to think of _any_ situation here where we'd have no choice
> but to send a cheque, and couldn't use a debit or credit card.
I've just this week run into a situation where I have no choice but to send
a cheque - My solicitor doesn't accept payment by plastic, and I'm not near
enough to the office to walk in and hand over cash.
