I http://business.timesonline.co.uk/tol/business/money/consumer_affairs/article4186765.eceread this article in the London Times about the British Post office experimenting with ATMS in selected (13) POs. This article was in the Sunday Times.
These are supposed to be fee-free! See this article:
Posted by
Tresana, Highlands Ranch, CO, USA
23301 posts
I could not read the article --- BUT --It is your card issuer who determines fees. I have never encountered any fees from any European bank for using their ATMS. So I don't think that is a big deal.
Posted by
Troy, Oh, USA
2776 posts
I'm like Frank, I haven't had any charges from the banks in Europe or none from my bank here.
Posted by
U-District, WA
45 posts
I don't quite understand what the article is talking about (if you had trouble reading it make sure you cut off after the .ece the .eceread was a typo). Is this saying no fees for using an ATM that's not your bank, or are they "refunding" (so to speak) the fees charged by your own bank, or is this something that is related to UK bank accounts only? I've never been charged a fee by a euopean bank for using their ATM. None of that $2.00 fee for non-US Bank/Wells Fargo/WaMu etc. The only fees I've come across are the currency conversion ones charged by my bank.
Posted by
Bristol, UK
619 posts
The point of the article is that the Post Office in Britain, where the currency is the pound sterling, are installing cash machines (ATMs) which will dispense euro and US dollars. This will make life easier for British tourists travelling to Europe or the United States, and wanting to have money before they arrive.
Many American tourists ask how to get euro before leaving for Europe. Just think how much easier it would be if you could go to the U.S. Post Office and get euro notes from an ATM.
The British Post office is already a popular source for obtaining foreign money, and they stock a wide range of currencies.