Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 10-14-2016, 10:51 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 13,248
Hmmm - I usually look up the banks in the VISA before visiting major cities overseas. Hopefully I would have discovered this ahead of time.
__________________

__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-14-2016, 12:04 PM   #22
Recycles dryer sheets
 
Join Date: Jul 2016
Location: New Hampshire
Posts: 102
In some countries, or regions, only debit cards work and even then only those issued in that country. It all depends on the network the ATM owner chooses to be a part of.
__________________

__________________
Steve
jonat is offline   Reply With Quote
Old 10-14-2016, 05:27 PM   #23
Dryer sheet wannabe
 
Join Date: Aug 2016
Location: Cottage Grove
Posts: 15
Quote:
Originally Posted by zinger1457 View Post
Why is that? Seems very unusual that none of the major bank ATM's would accept major credit cards.
It's due to the fact that the country was artificially inflating their currency. In fact, at the time, you couldn't have gotten Argentine pesos from an exchange in the US (which I found out later when I did further research). The only recourse was to bring US dollars. I believe this has been remedied after the elections in late November last year when the now President devalued the currency to market rates.

What was interesting is that the first thing I did in Buenos Aires was take an English only walking tour of the city center. The woman conducting the tour told everyone where the blue market exchanges were. She told us that Argentinians get paid in pesos every week and they use those pesos for their weekly expenses. At the end of the week, they take their excess pesos and exchange them for US dollars as a hedge against inflation. She said inflation at the time was 40%.
__________________
Johanson is offline   Reply With Quote
Old 10-18-2016, 10:20 PM   #24
Recycles dryer sheets
 
Join Date: Jan 2014
Posts: 241
I was able to withdraw money using my ATM card at my bank while in London. I didn't have a problem I just had to pay the regular foreign exchange fees.


Sent from my iPad using Early Retirement Forum
__________________
PERSonalTime is offline   Reply With Quote
Old 10-19-2016, 03:52 AM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 13,248
Quote:
Originally Posted by PERSonalTime View Post
I was able to withdraw money using my ATM card at my bank while in London. I didn't have a problem I just had to pay the regular foreign exchange fees.


Sent from my iPad using Early Retirement Forum
What does your bank charge for foreign exchange fees?
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 10-23-2016, 05:56 PM   #26
Full time employment: Posting here.
 
Join Date: Jul 2013
Location: San Diego
Posts: 545
The first time my spouse and I went to Europe as a couple, I assured him that there was no need to bring money with us. Of course, we got off the plane and all of the ATMs were down in CdG. Since then, he carries a couple hundred euro with him. Of course, I've never noticed another ATM outage.

Our local Wells Fargo is one of the few branches in San Diego that exchanges currency and I just buy his little stash there.
__________________
AllDone is offline   Reply With Quote
Old 10-23-2016, 06:39 PM   #27
Thinks s/he gets paid by the post
gauss's Avatar
 
Join Date: Aug 2011
Posts: 1,520
Don't forget that you have an option to go "inside" a bank and see a teller. You don't need to be a customer of the bank. If they are a visa or mc member bank then you should be able to do an "Over the Counter" cash advance against your card without fees being applied by the bank. Usually it is advantageous to use a debit card over a credit card to avoid any cash advance service charges or interest by your CC issuer. You will need ID to do this transaction.

You may wish to "dry run" this a few times at various banks local to you before you travel.

-gauss
__________________

__________________
gauss is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

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 Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Currency Exchange PERSonalTime Travel Information 31 06-14-2016 01:20 PM
Currency Exchange - Canada westcoast Travel Information 19 08-22-2012 09:33 PM
Currency Exchange for Europe trip bank5 Other topics 11 06-25-2009 08:11 PM
Opportunities in the foreign currency exchange rate. Hobo FIRE and Money 12 10-15-2008 07:42 AM
Macroeconomists! Where does the difference "go" from currency to currency? ladelfina FIRE and Money 14 01-15-2008 10:30 AM

 

 
All times are GMT -6. The time now is 10:28 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.