If you see this ATM when traveling, do not withdraw money from it

Euronet ATM in Santorini, Greece. Be careful when withdrawing money from such machines

Posted  60 Views updated 1 month ago

In recent years, many countries have introduced Euronet ATMs. Often they are located in places with a large number of tourists and there are many vending machines within a few tens of meters.

However, they should be used with great caution Euronet's asking fees tend to be very high and the exchange rate offered is much lower than the official one. Instead, it is worth using the ATMs of local banks.

You can lose 15% of the money

Travelblog Travelling Claus, for example, points out that using Euronet ATMs could mean losing 15% of the amount withdrawn. The blogger has particularly poor experience with Euronet in Hungary and Poland.

Portuguese news portal Algarve Daily News warns that in Portugal, for example, a fee of $ 15 will be charged for withdrawing 200 euros. Withdrawals of EUR 50 are subject to a charge of EUR 6.24 and to EUR 20 a charge of EUR 3.95. However, the machine may not be able to clearly indicate how high the charges are.

The Dutch site NLTimes also notes that Euronet vending machines are being installed in a growing number of stores in central Amsterdam. They are aimed specifically at tourists and are much more expensive to use than local Dutch banks.

Euronet machines can be found all over Europe - even in central Berlin, for example. It is wise to avoid them.

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