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    • etcomehome
    • By etcomehome 10th Sep 17, 12:41 PM
    • 4Posts
    • 0Thanks
    Banking - Erasmus year in Perugia
    • #1
    • 10th Sep 17, 12:41 PM
    Banking - Erasmus year in Perugia 10th Sep 17 at 12:41 PM
    Hi, My son is taking an Erasmus Year in Perugia, Italy and we are trying to find the best option for him to access money whilst living there. A company called Eduservices offer an "Italina Bank Account

    There is altogether a one off charge of €30 for activation and a €1 monthly fee. Thereafter there are no charges for using the cash machines to withdraw money. You also have to sign a form giving Eduservice authorisation to represent you with the bank.

    Does anyone know of any potential pitfalls with this? It otherwise seems a reasonable way to arrange short term banking for a student studying abroad.

    I would appreciate any comments or views on this.
Page 1
    • fraserbooks
    • By fraserbooks 10th Sep 17, 2:21 PM
    • 242 Posts
    • 5,399 Thanks
    • #2
    • 10th Sep 17, 2:21 PM
    • #2
    • 10th Sep 17, 2:21 PM
    I don't know about Eduservices but when my son was studying in Spain he was able to use a normal Santandar account without problems. My daughter has recently returned from working near Monza and she used her normal bank account and cash card.
    • Voyager2002
    • By Voyager2002 10th Sep 17, 4:33 PM
    • 11,572 Posts
    • 7,826 Thanks
    • #3
    • 10th Sep 17, 4:33 PM
    • #3
    • 10th Sep 17, 4:33 PM
    The simple and affordable solution is to open an account with Metrobank or (depending on where you live) Cumberland Building Society, or simply get a Halifax clarity credit card.
    • DCFC79
    • By DCFC79 10th Sep 17, 5:09 PM
    • 29,953 Posts
    • 18,970 Thanks
    • #4
    • 10th Sep 17, 5:09 PM
    • #4
    • 10th Sep 17, 5:09 PM
    A Monzo card maybe or even a Revolut card, get a couple set up so he has a spare in case 1 doesn't work.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • etcomehome
    • By etcomehome 11th Sep 17, 1:56 PM
    • 4 Posts
    • 0 Thanks
    • #5
    • 11th Sep 17, 1:56 PM
    • #5
    • 11th Sep 17, 1:56 PM
    Thanks. My son does have a Santander Account but we wanted to avoid charges for currency exchanges as he will be there for 9 months and withdrawing cash on a regular basis.
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