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06-24-2014, 10:28 AM
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#181
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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I preorder foreign currency online from International Currency Exchange. I find their rates competitive and there are no extra fees. For my recent trip to Europe I needed Euros, Czech Koruna and Hungarian Forints. I placed my order a week ahead. They called me a couple of hours after I ordered online to say that it would take one extra day to have Hungarian Forints delivered to my local exchange and would that be OK? No problem.
FREQUENTLY ASKED QUESTIONS - ICE - International Currency Exchange
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06-24-2014, 10:34 AM
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#182
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
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Quote:
Originally Posted by Meadbh
I preorder foreign currency online from International Currency Exchange. I find their rates competitive and there are no extra fees. For my recent trip to Europe I needed Euros, Czech Koruna and Hungarian Forints. I placed my order a week ahead. They called me a couple of hours after I ordered online to say that it would take one extra day to have Hungarian Forints delivered to my local exchange and would that be OK? No problem.
FREQUENTLY ASKED QUESTIONS - ICE - International Currency Exchange
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Thanks for the info. I'm not finding a US equivalent though, just Canada and the UK.
Actually, BofA does not charge fee for this service. They just charge a slightly less favorable conversion rate which in my mind equates to a fee.
__________________
Retired since summer 1999.
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06-24-2014, 10:40 AM
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#183
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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Quote:
Originally Posted by Meadbh
I was recently in Europe with a friend. She was unable to get cash from a DeutscheBank ATM at FRA using her debit card. I had no problem. Later on, my friend was able to get cash from an ATM in Vienna. We have accounts with different Canadian banks. Both cards have chips. Go figure.
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Up until this year, we could get cash from any ATM in México. Then this year with our chipped debit cards, we were rejected by my usual ATMS so I hunted out ones that accepted them. One read the stripe while another read the chip.
__________________
For the fun of it...Keith
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06-24-2014, 10:45 AM
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#184
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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Quote:
Originally Posted by Alan
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ISTR that the issue is with Visa and MC branded debit cards which charge a % of the purchase rather than local debit cards that use an independent acquirer for a fixed fee to authorize. The branded cards are universal whereas the independent acquirer will only authorize selected debit cards.
__________________
For the fun of it...Keith
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06-24-2014, 10:53 AM
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#185
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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Quote:
Originally Posted by Alan
Of course that didn't help last year when I am registered as being in England in June, and they don't flag $18k worth of fraudulent use of a clone of my card in NYC in a single day.
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Yea me too. I had registered as being in Mexico and they authorized the purchase of car in New Brunswick. No problem removing it but the action had to be initiated by me! I check online regularly. Caveat emptor.
__________________
For the fun of it...Keith
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06-24-2014, 11:03 AM
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#186
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by audreyh1
We tend to take a lot of cash both in US$ and Euros.
Buying Euros in the US is not cheap. But it can work out. Order them when the $ is stronger and it might make up for the fee.
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That's what we do as well. Since my debit card was eaten by a Spanish ATM back in 2008, I have tried not to rely on cards when we travel. I order foreign currency from Wells Fargo using a credit card and it gets delivered directly to my front door in about 2 days.
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06-24-2014, 11:58 AM
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#187
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,437
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I've never bought Euros or any foreign currency in over 20 years of going abroad.
ATMs have always worked.
First couple of times, I may have taken Traveler's checks but the exchange bureaus rip you off.
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06-24-2014, 12:02 PM
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#188
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by explanade
I've never bought Euros or any foreign currency in over 20 years of going abroad.
ATMs have always worked.
First couple of times, I may have taken Traveler's checks but the exchange bureaus rip you off.
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Glad to hear that ATMs have always worked for you, but clearly many posters have had different experiences. Traveller's checks are obsolete and many establishments will no longer accept them.
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06-24-2014, 02:57 PM
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#189
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,259
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I have never has ATM problems overseas, just credit card problems at unmanned devices. It's best to use the ATM card at a bank when it is open, in the event the card is eaten
Sent from somewhere in the world with whatever device I can get my hands on.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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06-24-2014, 02:59 PM
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#190
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by Chuckanut
I have never has ATM problems overseas, just credit card problems at unmanned devices. It's best to use the ATM card at a bank when it is open, in the event the card is eaten
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My card was eaten right before the bank closed for siesta time. Didn't think of that...
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06-24-2014, 02:59 PM
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#191
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,349
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Quote:
Originally Posted by explanade
I've never bought Euros or any foreign currency in over 20 years of going abroad.
ATMs have always worked.
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Same here, but I only go to England, Belgium, and Germany.
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06-24-2014, 05:25 PM
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#192
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,437
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I had my card eaten in Turin Italy last year and I went to the bank the next day and showed ID and got the card.
That was the only time.
But I did have backup ATM cards at other banks, to which I could move money if I had to.
Usually, I use credit cards whenever I can. Some places will insist on cash, including a 505 Euro bill I paid in cash in Amsterdam -- missed out on a lot of points there ...
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06-25-2014, 08:49 AM
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#193
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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Don't your banks charge FX on ATM withdrawals? Ours all do. By the time we factor in the ATM charge, the Plus network fee and the 2.5% FX vig, we want to minimize our use of foreign ATMs.
__________________
For the fun of it...Keith
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06-25-2014, 08:55 AM
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#194
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,349
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Quote:
Originally Posted by kcowan
Don't your banks charge FX on ATM withdrawals? Ours all do. By the time we factor in the ATM charge, the Plus network fee and the 2.5% FX vig, we want to minimize our use of foreign ATMs.
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No.
Earlier this month I got Euros three times from different bank's ATMs in Belgium using my non-chip USAA debit card.
In all cases, my cost was for the exchange rate of that day, with no extra charges at all.
That has always been my experience using this account overseas.
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06-25-2014, 09:02 AM
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#195
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,437
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I use eTrade card which refunds all ATM fees but does charge 1% FX.
I have a Schwab card which is suppose to be zero FX and no ATM fees but don't keep much money in Schwab.
Also a couple of credit union cards which I haven't used in awhile.
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06-25-2014, 09:38 AM
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#196
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Full time employment: Posting here.
Join Date: May 2012
Posts: 854
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I opened a Schwab checking account this spring (based on favorable comments in this forum) to avoid ATM fees after I was appalled by the fees I was charged for my single ATM usage in Colombia a few months ago. I recently used it 5 times in Europe and there were no ATM or FX fees. The card was never rejected, either. There is no minimum balance. I am an extremely satisfied customer.
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06-25-2014, 09:42 AM
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#197
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: W Wash
Posts: 1,644
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Fidelity offers also offers a ATM card with the same structure as Etrade--no ATM charges, and 1% currency exchange. Have used with no problem all over Europe, including Russia as well as Asia, most recently in Singapore.
Nwsteve
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06-25-2014, 10:15 AM
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#198
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
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Quote:
Originally Posted by nwsteve
Fidelity offers also offers a ATM card with the same structure as Etrade--no ATM charges, and 1% currency exchange. Have used with no problem all over Europe, including Russia as well as Asia, most recently in Singapore.
Nwsteve
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I just don't like the link to my high balance brokerage account.
__________________
Retired since summer 1999.
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06-25-2014, 10:15 AM
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#199
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by kcowan
Don't your banks charge FX on ATM withdrawals? Ours all do. By the time we factor in the ATM charge, the Plus network fee and the 2.5% FX vig, we want to minimize our use of foreign ATMs.
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I think this must be bank specific. I bank with Scotiabank. This spring I have withdrawn cash from ATMs in Oregon, Germany and the Czech Republic. The only service charge was for the withdrawal in the Czech Republic, and that was a third party ATM in the hotel lobby, so not unexpected. The others were at bank ATMs. I have withdrawn cash from my Scotiabank Powerchequing account in many different bank ATMs worldwide without charges. In the Caribbean in particular, it's great to be able to visit a real live Scotia branch.
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06-25-2014, 10:31 AM
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#200
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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I presume all you intrepid travellers know this, but......
One simple way to check whether you are getting a decent exchange rate (or a good price) is to use XE.com. The app can be installed on your tablet or smartphone.
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