Posted: Mon 10th May 2010 03:00 am
I'm also planning on using an atm to get euros when I arrive. I'm considering to use PayPal for my atm withdrawls based on their transaction fees. How much does bank of america charge you? If you're from the U.S. and have a PayPal account, you can request a PayPal ATM/debit card for free and attach your bank account to the paypal account. Then you can withdraw funds from any atm worldwide from you bank account through your PayPal debit card. There charges seem low to me, I found it from a comparison chart of all the charges on various banks for atm withdrawls. It's a 1% transaction fee if PayPal doesn't do the currency exchange and 2.5% if PayPal has to do the currency exchange. I'm not sure on this part, if you withdraw funds from an ATM is it the atm that does the currency exchange or PayPal would have to?cantona7 wrote:for euros i just use my atm. check your bank though to see what the charges for foreign atm use are if anything. mine charges a fee on each transaction. bank of america ftl. i think im changin to wells fargo or something.
Here's a link to PayPal's debit card fees and terms etc..
https://cms.paypal.com/us/cgi-bin/?&cmd ... tCard_full