Citibank does not have any presence at all in Italy.
Italian banks do not charge for use of their ATMs. The Visa/Mastercard network charges a 1% fee, and any other fees are imposed by your bank.
Well when I asked Citibank, the staff said I will not be charged any fee if I withdraw money from Citibank ATM. If I withdraw money from other bank's ATM, the charged fee will be decided by that bank. So it seems to me that I will not be charged any fee at any bank's ATM. Yoohooo!!!
Wait until you look at your account when you return before celebating. often at big banks the people who answere your questions ar not aware of the real charges/policies.
Let me gives you a tips:
change the money in Singapore.
1. no fees!
2. absolutely best rate!
Yeah your tip is absolutely true :) just that my situation is i will travel around Europe and don't want to carry too much money by my side all the time :).
I don't think you need to worry about the "low fee". really, you just calculate, the fee is only few percentage.
furthermore, just withdraw larger amount per transaction. put some into wallet and the rest in sleeping belt.
...money belt, I mean.
>>So it seems to me that I will not be charged any fee at any bank's ATM. Yoohooo!!!<<
You are wrong, and Citibank gave you incorrect information.
There are *no* Citibank ATMs in Italy. You can use any ATM, but the fee is charged by Citibank and *not* the foreign ATM.
I guess I will just buy a money belt as Chris said then. Thanks guys! :)
and take my advice.
change every single cents in Singapore.
pay everything in cash.
I would love to pay by credit cards or use debit card to withdraw from ATM (safer, easy and convinent).....
....but in the last two years, the exchange rate and fees has become un-bearable (for me, I mean).