Obtain Euros

"Jean O'Boyle" <j.oboyle@removefudged.> wrote in message
news:RnVwg.136704$H71.84592@newssvr13.news.prodigy .com...
>
> "Joseph Coulter" <yourDROPTHISvacation@> wrote in message >>>>
>>> Joseph, I just looked at the card that I used at ATM machines in
>>> Europe as an ATM card..It is a M/C from our Federal Credit Union...It
>>> does say *Debit*in the right corner...Is there a key that you punch in
>>> at the ATM machine that gives you the choice to use it as a debit
>>> card? I've never used it as a debit card before..When you use it as a
>>> debit card, then you must have adequate funds in your checking account
>>> to immediately draw from, right?
>>> If so, that means transferring funds from my money market account to
>>> checking before I use it..
>>>
>>> --Jean
>>>
>>>
>>
>> a card from the credit union will be a debit card and yes, you must have
>> funds in the account or it will be a loan with interest etc.
>
>
> Thank you, I am now *unconfused* about that part...but you did not answer
> if there is a certain key on the ATM machine that allows you to use it as
> a debit card instead of as the ATM card that I have been using it as
> before.
>
> --Jean

It usually comes up as a question during the key entry process. At least on
mine.

--Tom

"Tom K" <tkanitra@> wrote in message
news:puVwg.96$Ts6.76@fe10.lga...

> It usually comes up as a question during the key entry process. At least
> on mine.


Thank you, Tom...Got it now!

--Jean

In article <RnVwg.136704$H71.84592@newssvr13.news. >, Jean
O'Boyle <j.oboyle@removefudged.> wrote:

> Thank you, I am now *unconfused* about that part...but you did not answer if
> there is a certain key on the ATM machine that allows you to use it as a
> debit card instead of as the ATM card that I have been using it as before.

If you are using it to make a debit from your checking or saving
account. That is not a cash advance from the MC.

--
Charles

"Charles" <fort@his.com.remove.invalid> wrote in message
news:230720062139267009%fort@his.com.remove.invali d...
> In article <RnVwg.136704$H71.84592@newssvr13.news. >, Jean
> O'Boyle <j.oboyle@removefudged.> wrote:
>
>> Thank you, I am now *unconfused* about that part...but you did not answer
>> if
>> there is a certain key on the ATM machine that allows you to use it as a
>> debit card instead of as the ATM card that I have been using it as
>> before.
>
> If you are using it to make a debit from your checking or saving
> account. That is not a cash advance from the MC.
>

Thanks, Charles..I think I have it down now!

--Jean

Joseph Coulter <yourDROPTHISvacation@> wrote:
>"Jean O'Boyle" <j.oboyle@removefudged.> wrote in
>news:WcVwg.136658$H71.123410@newssvr13.news.prodi gy.com:

>> "Joseph Coulter" <yourDROPTHISvacation@> wrote in message
>> >>>
>>>>> ATM using a debit card, using a credit card will result in interest
>>> from the day of withdrawl.
>>>>
>>>> Unless you pay your credit card off in full each month, right,
>>>> Joseph?
>>>
>>> NO! unless you pay in advance the interest on cash withdrawls starts
>>> at the time of withdrawl. Purchases are different and yes we pay our
>>> bills each month and avoid interest, but I use my debit card for cash
>>> in Europe.
>>
>> Joseph, I just looked at the card that I used at ATM machines in
>> Europe as an ATM card..It is a M/C from our Federal Credit Union...It
>> does say *Debit*in the right corner...Is there a key that you punch in
>> at the ATM machine that gives you the choice to use it as a debit
>> card? I've never used it as a debit card before..When you use it as a
>> debit card, then you must have adequate funds in your checking account
>> to immediately draw from, right?
>> If so, that means transferring funds from my money market account to
>> checking before I use it..
>>
>> --Jean
>>
>a card from the credit union will be a debit card and yes, you must have
>funds in the account or it will be a loan with interest etc.

Joseph is correct that ATM withdrawals using a credit card will incur
interest from the day of withdrawal. He's not correct that a card
from a credit union will be a debit card. I have had a VISA card
which is a credit card from my credit union for years.

If you want to avoid interest charges on your ATM withdrawal, it seems
like the best thing to do is get a debit card on a separate checking
account (maybe even in a different bank), and fund that checking
account with the amount that you expect to use. That way the card
can't empty your account (should someone get access to your card) and
you won't have any interest charges either

"Rosalie B." <gmbeasley@> wrote in message
news:era8c21ftqbj9m532q0hc2bfl2n366d9gh@...
> Joseph is correct that ATM withdrawals using a credit card will incur
> interest from the day of withdrawal. He's not correct that a card
> from a credit union will be a debit card. I have had a VISA card
> which is a credit card from my credit union for years.
>
> If you want to avoid interest charges on your ATM withdrawal, it seems
> like the best thing to do is get a debit card on a separate checking
> account (maybe even in a different bank), and fund that checking
> account with the amount that you expect to use. That way the card
> can't empty your account (should someone get access to your card) and
> you won't have any interest charges either

Rosalie, the card that I have been previously using as an ATM card has
*DEBIT* printed on the upper right hand corner.
I think all I have to do is call my credit union to find out whether I
should be transferring from my money market acct. and putting it into our
savings or checking account so that I will have adequate funds to draw on in
the right account. They each have separate numbers.

--Jean

" G" <dickdotgoldhaber@gmaildotcom> wrote in message
news:pa6dnUgyq6V_pFnZnZ2dnUVZ_vidnZ2d@. ..
> "Jean O'Boyle" <j.oboyle@removefudged.> wrote in message
> news:%QVwg.136823$H71.129441@newssvr13.news.prodig y.com...
>>
>>> If you are using it to make a debit from your checking or saving
>>> account. That is not a cash advance from the MC.
>>>
>> Thanks, Charles..I think I have it down now!
>>
>> --Jean
> If you use a debit card, you are buying money with your money, and while
> there may be an ATM fee, there should be no other charges.
>
> If you use a credit card, you are buying money with the bank's money, and
> you will pay interest until the "loan" is repaid.
> --
> DG in Cherry Hill, NJ

Thanks, ,
I wish I had saved those statements when I used my M/C in the ATMs in Greece
and Venice...As far as I remember they were just charges on my credit card
and had no other fees...but then, I am not sure now that I think of it, as I
used my Visa credit card to purchase some items, too... Both cards are from
the same credit union. Maybe I was using my M/C as a debit card and didn't
know it! Live and learn! ;-)

--Jean

Be aware that most banks will charge an "international transaction fee",
usually 3% of the US dollar equivalent, even if it is an ATM withdrawal from
your own account.

IJS

"Jean O'Boyle" <j.oboyle@removefudged.> wrote:

>
>"Rosalie B." <gmbeasley@> wrote in message
>news:era8c21ftqbj9m532q0hc2bfl2n366d9gh@.. .
>> Joseph is correct that ATM withdrawals using a credit card will incur
>> interest from the day of withdrawal. He's not correct that a card
>> from a credit union will be a debit card. I have had a VISA card
>> which is a credit card from my credit union for years.
>>
>> If you want to avoid interest charges on your ATM withdrawal, it seems
>> like the best thing to do is get a debit card on a separate checking
>> account (maybe even in a different bank), and fund that checking
>> account with the amount that you expect to use. That way the card
>> can't empty your account (should someone get access to your card) and
>> you won't have any interest charges either
>
>Rosalie, the card that I have been previously using as an ATM card has
>*DEBIT* printed on the upper right hand corner.
>I think all I have to do is call my credit union to find out whether I
>should be transferring from my money market acct. and putting it into our
>savings or checking account so that I will have adequate funds to draw on in
>the right account. They each have separate numbers.
>
I'm not sure about the money market part of it, nor do I know about
your ATM card. I've never had a debit card, and I've only used an ATM
once or twice with a bank issued VISA to see if I could. We have two
different banking institutions, and while almost all the accounts are
joint, Bob uses the checks of the bank, and I use checks of the Credit
Union account.

Normally when traveling we cash checks at military bases to get money
and carry cash (putting the any large amount of it in a safe or a safe
place until needed) In the old days it used to be Traveler's Checks
of course.

My credit union checking account will cover an overdraft and they
might take it out of savings if necessary, and also my credit card
will be automatically paid every month from the checking account.
That works for us. But I would check to see exactly what the
procedures are at your bank because I would worry that a debit card
would drain all the money out of my checking account if anything
happened.to it. .

> Be advised that when you use your credit card abroad, some of the
> transactions will result in the merchant getting a telephone call from
> your credit card company asking you for ZIP codes or your address before
> approving the transaction.

This is far less likely to happen if you call your cc company or bank atm
(both) before you leave, apprising them of your travel dates and plans.
They note it on your account so that they know it is you buying trinkets in
Amsterdam even tho your area of primary activity is Cow Holler, Kentucky.

We always do this...and our cc company is very appreciative. It saves them
a lot of time and effort and it saves us any embarassment and inconvenience
of having a purchase declined or delayed.