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  • FIRST POST
    • russellsnr
    • By russellsnr 1st Dec 17, 11:20 AM
    • 24Posts
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    russellsnr
    Withdrawing Monies In Europe ATM's
    • #1
    • 1st Dec 17, 11:20 AM
    Withdrawing Monies In Europe ATM's 1st Dec 17 at 11:20 AM
    Hi, Live in Europe but have bank A/C in the UK.
    We have monies sent montly via money broker but on occassion need to get a little extra from the back-up fund that we leave in the UK, problem is the charges for withdrawing monies from an ATM are way OTT so looking for the best option/s to get that little bit extra when we need it? Asked the question from the bank about just making a transfer from our UK bank to EU bank and advised that costs £25 per transaction/transfer.
    Thank You for any and all advice.
    Russ
Page 1
    • takman
    • By takman 1st Dec 17, 11:59 AM
    • 2,906 Posts
    • 2,422 Thanks
    takman
    • #2
    • 1st Dec 17, 11:59 AM
    • #2
    • 1st Dec 17, 11:59 AM
    The best solution would be to get an account with Starling Bank or similar which allows fee free withdrawals and an almost perfect exchange rate when used abroad. You could then load this card with money and withdraw/spend it as required. You could even use it to replace your monthly broker transfer which i bet will save you a good amount of charges and fees.

    But you would need to apply for this card in the UK and have a UK address.
    • eDicky
    • By eDicky 1st Dec 17, 12:15 PM
    • 2,975 Posts
    • 1,309 Thanks
    eDicky
    • #3
    • 1st Dec 17, 12:15 PM
    • #3
    • 1st Dec 17, 12:15 PM
    a transfer from our UK bank to EU bank and advised that costs £25 per transaction/transfer.
    Originally posted by russellsnr
    Not only that but they will hit you for ~3% on the exchange rate also.

    If you're already using a money broker, why not do the same for your 'little extra'? TransferWise will give you the interbank rate with a 0.5% fee.

    Revolut may be useful, free conversion of up to £5000/month (0.5% thereafter) at interbank rate (weekdays) and free to send to your EU account. Card costs a fiver, £200/month limit on fee-free ATM withdrawals but you can use the MasterCard for purchases. Sign up with any European address.

    https://www.revolut.com/
    Evolution, not revolution
    • russellsnr
    • By russellsnr 1st Dec 17, 12:17 PM
    • 24 Posts
    • 0 Thanks
    russellsnr
    • #4
    • 1st Dec 17, 12:17 PM
    Thankyou
    • #4
    • 1st Dec 17, 12:17 PM
    The best solution would be to get an account with Starling Bank or similar which allows fee free withdrawals and an almost perfect exchange rate when used abroad. You could then load this card with money and withdraw/spend it as required. You could even use it to replace your monthly broker transfer which i bet will save you a good amount of charges and fees.

    But you would need to apply for this card in the UK and have a UK address.
    Originally posted by takman
    Hi, Thank You for that will look into the Starling option. The broker was recomended from MSE Mr L so do not pay any fees there. Thanks again, Russ
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