Quote:
Originally Posted by Petra
You CARD's daily ATM limit is $5,000. However, ATMs have limits and not everywhere in the world allows you to pull thousands at a time. ATM limits here are between 250 to 500 euro. So yea, technically I can pull $5k a day but when you add the card fees, atm fees, hourly rate while running around finding atms to use, and bank fees to deposit cash, IT IS NOT WORTH IT. Maybe if you're in the USA where ATMs have higher limits or you can pay for everything including groceries with a CC, it's not so bad.
However, in the end for the amount of money I'm talking which is a lot more than $10k, it's not worth it. The money will be tied up on the ewallet for longer than we're comfortable with along with a lot of unnecessary fees when we could just get a wire straight into our bank account for much less in trouble and fees.
Sorry, I can honestly say I wouldn't recommend this to anyone dealing in large cash transactions.
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Depends on the bank/ATM probably, but 250-500 euros sounds very low, most of the ATMs here (Czech) allow me to withdraw about $3000+ at once no problem, and some ATMs allow me to withdraw up to about $8k at once here.