Reply to Changing Euros before trip

Forum Index » Travel Discussion

Reply to "Changing Euros before trip"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The best rate of exchange is at an atm in country. I never buy foreign currency in the USA.[/quote]

really?  I've had to pay up to 20 dollars a withdrawal overseas between the local ATM fee and my bank's ATM fee, plus the 3% surcharge from my bank, plus you get whatever rate is the rate of the day. Foreign currency orders at my local bank only charge the 3% fee.[/quote]

Just checked BofA- they are offering a rate 5% above the current exchange rate, plus a $7.50 shipping fee, if you order euros from them.  So if ordering 200 euros, it would be about $17.50 in extra charges.

It's normally pretty easy to find an ATM overseas which doesn't charge withdrawal fees.  So you would have to pay your own banks 3%- say $6, plus the $5 your bank ATM fee, so total of $11.

Again, if you have time and willingness, a number of banks have checking accounts which don't charge anything for foreign ATM withdrawals- TD has one with minimum holdings of $2500 to avoid fees.  Charles Schwab checking is completely free and even reimburses you if the ATM has it's own fee.[/quote]

Capital One also doesn't charge anything to withdraw from foreign ATMs.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics