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ATM exchange rate charges?

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  • 05-02-2010 3:39pm
    #1
    Poor_old_gill
    Registered Users Posts: 2,895 ✭✭✭


    Going to London on Monday and struggling to make the bank today as something has come up.
    Is there much difference between the exchange rate offered in a bank(eg AIB here) and the rate I will be charged when using an ATM over there??


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    #2
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    There probably won't be a major difference but you will be charged a separate fee for making a withdrawal in a foreign currency from an ATM. Many UK ATMs separately also charge fees for using the ATM.


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    #3
    Poor_old_gill
    Registered Users Posts: 2,895 ✭✭✭Poor_old_gill


    seamus wrote: »
    There probably won't be a major difference but you will be charged a separate fee for making a withdrawal in a foreign currency from an ATM. Many UK ATMs separately also charge fees for using the ATM.

    Feck!
    Better get onto one of my mates to try hit the bank for me today so!


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    #4
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    The exchange rate will be similar - maybe even better - and the fees are only £1.50 a time. I would us ethe ATM myself unless you're needing several hundred in one go (ATM limits)


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    #5
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    I was wrong in my reply above - the charges for using an ATM in the UK will range from €5 flat rate (Postbank) to 3.5% (Max €11.73) with most other Irish banks. Some Figures Here


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