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Using cash dispensers which offer Euros

katejo
katejo Posts: 4,320 Forumite
Part of the Furniture 1,000 Posts Name Dropper
in Flights, currency & car hire
I have noticed more and more of these appearing in London (particularly Raphael ones). Has anyone used these to withdraw Euros rather than buying/exchanging at the Bureau de Change or bank?
Are you charged commission for an exchange?

Comments

  • NiftyDigits
    NiftyDigits Posts: 10,459 Forumite
    15/07/2014

    Raphaels Bank ATM withdrawal : €1.205 for £1
    Mastercard rate via ATM with fee free card: €1.261 for £1

    source
  • Obviously_the_best
    Obviously_the_best Posts: 4,086 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    If you can charge your bank account in euros, then you're fine. If the machine charges you in pounds for your euros, you aren't fine.
  • benjus
    benjus Posts: 5,433 Forumite
    Part of the Furniture 1,000 Posts
    The only one I'm aware of that will always (I think) put transactions through in EUR is the one on Bishopsgate in the City. If you have a card such as the Metro Bank debit card you can withdraw Euros at the interbank rate.

    I've seen it reported on here that the Raphael's ATMs will charge in EUR if you have a EUR account (or perhaps only if you have a EUR account based in a Eurozone country) - but then you'll have to get the money over to the EUR account, which will probably be as expensive as changing cash.
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
  • NiftyDigits
    NiftyDigits Posts: 10,459 Forumite
    benjus wrote: »
    The only one I'm aware of that will always (I think) put transactions through in EUR is the one on Bishopsgate in the City. If you have a card such as the Metro Bank debit card you can withdraw Euros at the interbank rate.

    I've seen it reported on here that the Raphael's ATMs will charge in EUR if you have a EUR account (or perhaps only if you have a EUR account based in a Eurozone country) - but then you'll have to get the money over to the EUR account, which will probably be as expensive as changing cash.


    Just so that you know(I'm sure that you do), there is no NatWest/Ulster Bank ATM at 98 Bishopsgate. It's probably located at 15 Bishopsgate EC2N 3NW.
  • benjus
    benjus Posts: 5,433 Forumite
    Part of the Furniture 1,000 Posts
    NiftyDigits wrote: »
    Just so that you know(I'm sure that you do), there is no NatWest/Ulster Bank ATM at 98 Bishopsgate. It's probably located at 15 Bishopsgate EC2N 3NW.

    You can blame Google Maps for that... the position on the map is accurate, however.
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
  • zagfles
    zagfles Posts: 21,548 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    Beware of the EUR cash machines at UK airports, I've looked at a few of these and the rates are staggeringly bad (they charge your card in GBP not EUR so it doesn't matter what card you use).

    You'd get better rates on the UK high street!
  • PeteDoff
    PeteDoff Posts: 428 Forumite
    I have some in last few weeks that dispense Euros at the full Mastercard rate.
    Turning left avoids some of the idiots (only some)
  • NiftyDigits
    NiftyDigits Posts: 10,459 Forumite
    PeteDoff wrote: »
    I have some in last few weeks that dispense Euros at the full Mastercard rate.

    Perhaps some would like to know where....
  • RichandJ
    RichandJ Posts: 1,087 Forumite
    NiftyDigits wrote: »
    Just so that you know(I'm sure that you do), there is no NatWest/Ulster Bank ATM at 98 Bishopsgate. It's probably located at 15 Bishopsgate EC2N 3NW.

    There's a Raphaels that dispenses € in One New Change shopping Centre off Cheapside. No idea of rates as I usually get from my own bank.
    It only takes one tree to make a thousand matches, it only takes one match to burn a thousand trees. As well, the cars are all passing me, bright lights are flashing me.

    Johnny Was. Once.

    Why did he think "systolic" ?
  • NiftyDigits
    NiftyDigits Posts: 10,459 Forumite
    RichandJ wrote: »
    There's a Raphaels that dispenses € in One New Change shopping Centre off Cheapside. No idea of rates as I usually get from my own bank.

    Already covered in posts #2 & #4.
This discussion has been closed.
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