hi all, first time post.
I know this has been talked ad nauseum on the site and I had already decided to simply wait to pull money from an ATM in Rome's airport upon arrival.
So, I go into Wells Fargo to change my pin to 4 digit, and they asked me if I needed Euros. I told them know because etc etc.
She says, we don't charge a fee. I thought, hmm, maybe I misremembered..and mentioned Rick Steves etc.
On the way I home, I thought: oh yes, it's in the currency rate. That's where they get you!
I first googled today's Dollar to Euro rate. 1.09, per Google.
Then, I called back Wells Fargo and spoke to the manager who actually was the person I discussed this with.
Their rate: $1.10.
No other fees. That looks like only a 1% bump to me.
So, my questions are:
Shouldn't I just go for it?
How is this worse than getting it from the ATM in Europe?
And doesn't ATMs have amount limits?
Is the Rick Steves tip based on the fact that theoretically not everyone has access to the bigger banks, and thus may not be able to get competitive rates?
Side note: I also researched Wells Fargo's online foreign currency exchange, and yes: there, it is 1.14. That obviously is not cool. But getting inside the bank seems potentially smart.
Your thoughts...Thanks so much,