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Bancomat fee in Lipari

Not sure if most banks do this here - Lipari is a small island with lots of tourism - but Unicredit charged a €3 transaction fee at the POS, and offered Dynamic Currency Conversion (which I refused).

Posted by
598 posts

Zoe,
Your post just reminded me that during a recent trip to Italy, I saw this twice at UniCredit in Lecce and Trani in Puglia. No other ATMs had such a fee, so I made sure to avoid using UniCredit. But I think this must be new because I've used UniCredit in the past and not been charged that fee, so something has changed there.

Posted by
11613 posts

I used UniCredit in other cities with no fee as well; thinking this is new, or applied in tourist centers.

Posted by
20238 posts

Yes, I also found the Unicredit ATM charging fees and offering DCC. That was in the Dolomites.

Posted by
5697 posts

UniCredit charged €3 per transaction in various Italian cities this month, but I did NOT see DCC mentioned. Rates looked pretty close to quoted rates. (Will see whether Schwab reimburses for fees on my next statement.)

Posted by
328 posts

Thanks for posting Zoe. We will be sure to avoid Unicredit on our upcoming trip!

Posted by
11613 posts

I wanted to make sure people knew this, because almost everyone posts that bancomats don't charge a fee. Things can change in a hurry.

Posted by
27207 posts

At this point my Italian trip is 2 years in the past, but I'm nearly certain I saw a couple of ATMs with fees in Rome in 2015. It was pretty prevalent in Spain last year, but I am happy to report that in almost 4 weeks in Southern France I have seen no ATMs charging fees. I was offered DCC (dynamic currency conversion) for the first time in France yesterday.

Posted by
1230 posts

Unicredit is not a bank, but is some sort of credit union. So fees are charged.

Posted by
11613 posts

Thanks, Peter. Makes sense. I just look for the bancomat sign without thinking about affiliation or type of institution.

Posted by
9670 posts

You know, now that I think about it, I think I cancelled a transaction at a UniCredit ATM when I'm Rome earlier this month because I didn't like what I was seeing on the screen. Eventually found a Deutsche Bank machine and had a normal transaction.

Posted by
3812 posts

Of course Unicredit is a bank, it is not "some sort of credit union".
Unicredit was created merging many centuries old, small banks named "Credito" and "Monte" something. It's one of the most important italian banks.

A "Gruppo di Credito" or "Group for credit" is a just a "bank" in the centuries old version of the italian language spoken when most italian banks were founded. It means "a bunch of non jew, filthy rich, merchants joined their forces to lend money during the Renaissance", a.k.a. a Bank. If they wanted to underline that they piled up a lot of money piling many pledged assets, they called it "Monte"(mount)

I wonder if those who paid fees at an Unicredit Atm used cards with the Cirrus logo on them.