I would consider getting one of the ATM debit cards from that table I
posted that have no or little fee charge and do it that way.
I think it will be the easiest, most flexible and give you as good as
rate as any ...
db
rlsimon wrote:
On purchases, I get a rebate, yes. But, alas, not for withdrawal of cash at
an atm. I have the option of doing a wire transfer to my family member's
bank there but I don't know if the rate will be a "wholesale" conversion
rate like with the credit/atm cards or another less advantageous rate...???
-----Original Message-----
From: Tom Piwowar [mailto:[EMAIL PROTECTED]
Sent: Tuesday, April 29, 2008 9:38 PM
Subject: Re: Cash in the EU
My own experience since the early 1990s has been to use a credit card
for
purchases as much as possible. Since the credit card companies convert
huge sums of money routinely, all those commissions, etc., are minimized.
Past experience does not serve that well. What was once the best way can
now be among the worst. There are now significant fees when using a
credit card.
Even checking first does not tell all because you don't know the
conversion rate. If one bank charges 3% and another 0% you may still pay
more with the 0% bank because they give you an unfair conversion rate.
Also have to consider if the card gives you a rebate. That can give you
back 1 to 3%.
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