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ATM withdraw... Checking or Savings?

I searched and I could not find the answer already talked about... Are ATMs just like here in the States. Do they allow you to withdraw money from both Checking and/or Savings?

Just wondering if I need to transfer everything into Checking or the other way around.

Thanks

Posted by
4125 posts

Checking. Put everything you will need, plus some extra, in your checking account.

Posted by
31289 posts

Heath,

As far as I know, only chequing accounts are accessible via European ATM's (with a four number PIN). I believe this is mentioned in Rick's ETBD, but I'd have to check to confirm it.

From what I recall of my visit last fall, NO option to access savings was provided at any of the ATM's I used in Germany, Italy, Switzerland or France.

Happy travels!!!

Posted by
4 posts

Yes, put your money into your checking account. Make sure that your bank doesn't put a limit on the amount you can take out per day, or at least make it a large amount so that you do not get denied and then have to try to contact them while abroad. Many European banks will put limits on U.S. citizens as to how much they can take out per day. If you need to pay cash for a hotel or need a large sum, plan a couple days ahead of time to make sure you get the amount that you need.

Posted by
13 posts

Heath, We went to Germany several years ago and were not able to access any money from savings. It need to come from a checking account. We also opened up another checking account for backup. Lucy

Posted by
419 posts

Checking definitely! Also, be sure that your pin number is four numbers, not letters. I actually use more than one checking account when in Europe in case there is a screwup somewhere along the line (it has happened to me, once it was my bank's fault the other time it was a problematic ATM). But I was fine as I had more than one account. It's easy and cheap to open up a second account if you bank and a credit union or some other banks.

Posted by
419 posts

Oops! Sorry about the typo. I meant if you bank at a credit union or certain other banks.