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Withdrawing Sterling from an ATM in NI

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  • 15-04-2012 7:21pm
    #1
    johnbaz72
    Registered Users Posts: 40 ✭


    I have an AIB current account and am going to NI shortly. Does anyone know what fees are charged if I withdraw sterling from my current account from an ATM in NI?
    Also, are there additional fees charged when using a visa card in a sterling area?
    Thanks.


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    #2
    sitstill
    Registered Users Posts: 1,380 ✭✭✭sitstill


    Withdraw money from a Bank of Ireland or First Trust (AIB in NI) ATM and you won't be charged.

    You will be charged for using your Credit card in NI.


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    #3
    Marcusm
    Registered Users Posts: 10,319 ✭✭✭✭Marcusm


    https://www.youtube.com/watch?v=
    sitstill wrote: »
    Withdraw money from a Bank of Ireland or First Trust (AIB in NI) ATM and you won't be charged.

    You will be charged for using your Credit card in NI.

    You might not be charged a separate fee but you can guarantee that the exchange rate provides ample opportunity to make up for this.


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    #4
    Unab24
    Registered Users Posts: 8 ✭Unab24


    same goes with ulster bank if you have a euro account with them> use the ulster bank atm in northern Ireland and you won't be charged commission except for the exchange rate.


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    #5
    ted1
    Registered Users Posts: 23,514 ✭✭✭✭ted1


    You'll pay about 3 pounds if you use an ATM that is not your own banks.


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    #6
    Dubhlinner
    Registered Users Posts: 456 ✭✭Dubhlinner


    sitstill wrote: »
    Withdraw money from a Bank of Ireland or First Trust (AIB in NI) ATM and you won't be charged.

    You will be charged for using your Credit card in NI.

    you sure bank of ireland won't charge for that?


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    #7
    lexa
    Registered Users Posts: 150 ✭✭lexa


    Use your debit card or credit card for point of sales transactions if possible. This is cheaper than withdrawing cash as you will only pay a margin/currency conversion fee on the exchange rate but won't be paying commission on top of this which you will with an ATM transaction. Also the margins are generally more favourable for point of sales transactions using debit or credit cards than ATM withdrawals.


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    #8
    coylemj
    Registered Users Posts: 25,435 ✭✭✭✭coylemj


    lexa wrote: »
    Use your debit card or credit card for point of sales transactions if possible. This is cheaper than withdrawing cash as you will only pay a margin/currency conversion fee on the exchange rate but won't be paying commission on top of this which you will with an ATM transaction. Also the margins are generally more favourable for point of sales transactions using debit or credit cards than ATM withdrawals.

    +1 you should only get sterling cash for incidentals, use the credit card wherever you can as the exchange rate will be much better.

    Don't forget that the notes from a NI ATM will be Northern Bank, First Trust and Bank of Ireland (Donegall Place, Belfast) sterling notes which are not accepted in most shops in GB so don't use the opportunity to get sterling for a visit to London.


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    #9
    Dubhlinner
    Registered Users Posts: 456 ✭✭Dubhlinner


    I just noticed bank of ireland DO actually charge you. they just work the fee into the transaction amount rather than as a separate charge.


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    #10
    awec
    Administrators Posts: 53,796 Admin ✭✭✭✭✭awec


    coylemj wrote: »
    +1 you should only get sterling cash for incidentals, use the credit card wherever you can as the exchange rate will be much better.

    Don't forget that the notes from a NI ATM will be Northern Bank, First Trust and Bank of Ireland (Donegall Place, Belfast) sterling notes which are not accepted in most shops in GB so don't use the opportunity to get sterling for a visit to London.

    Halifax ATM's in NI dispense Bank of England notes. :)


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