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Withdrawing from an ATM in Northern Ireland

  • 12-10-2017 5:15pm
    #1
    Gus Ivey
    Registered Users, Registered Users 2 Posts: 632 ✭✭✭


    Hi all,

    Does anyone know roughly how much the charge is for withdrawing Sterling up north? I have a fair idea they will try rip you off, and I know there are much cheaper ways of doing this. Just trying to clarify how roughly how much difference there is. Trying to persuade a friend to use my Revolut

    As a quick example:
    I can change €200 for £173.68 in the Post Office
    Revolut will offer me £179.02.

    If I was to go up north and withdraw that €200 from a random ATM would it be as low as £160? Or even lower?

    I know the banks will (a) charge commission, (b) offer a worse rate, and (c) have some other charges for withdrawing up North.


    Thanks a lot for your help


Comments

  • #2
    catrionanic
    Registered Users, Registered Users 2 Posts: 2,091 ✭✭✭catrionanic


    I know that if you withdraw from an ATM that is the same as your bank (so an Ulsterbank ATM for an UB ROI account), there won’t be a transaction charge. The exchange rate probably isn’t great though.


  • #3
    F1ngers
    Moderators, Computer Games Moderators Posts: 10,355 Mod ✭✭✭✭F1ngers


    Gus Ivey wrote: »
    Hi all,

    Does anyone know roughly how much the charge is for withdrawing Sterling up north? I have a fair idea they will try rip you off, and I know there are much cheaper ways of doing this. Just trying to clarify how roughly how much difference there is. Trying to persuade a friend to use my Revolut

    As a quick example:
    I can change €200 for £173.68 in the Post Office
    Revolut will offer me £179.02.

    If I was to go up north and withdraw that €200 from a random ATM would it be as low as £160? Or even lower?

    I know the banks will (a) charge commission, (b) offer a worse rate, and (c) have some other charges for withdrawing up North.


    Thanks a lot for your help

    You've converted it to sterling yourself, how can they offer you a worse rate.

    There may be ATM charges, but no conversion or commission.


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