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Currancy Exchange



 
 
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  #11  
Old December 14th, 2004, 01:31 AM
Dwayne
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You will get the best exchange rate from a credit card. You can usually
withdrawn from an ATM using you debit card (if not try a different ATM), but
your will pay a service charge (with CIBC it's $3 CDN so it makes sense to
draw out the maxium amount). I was in NZ & OZ for a year and having a
couple hundred dollars in cash and a credit card worked out very well. I
used my credit card whenever possible and used cash when it was more
convenient.

Dwayne


  #12  
Old December 14th, 2004, 01:31 AM
Dwayne
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You will get the best exchange rate from a credit card. You can usually
withdrawn from an ATM using you debit card (if not try a different ATM), but
your will pay a service charge (with CIBC it's $3 CDN so it makes sense to
draw out the maxium amount). I was in NZ & OZ for a year and having a
couple hundred dollars in cash and a credit card worked out very well. I
used my credit card whenever possible and used cash when it was more
convenient.

Dwayne


  #13  
Old December 14th, 2004, 01:54 AM
Peter Titze
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Hi

Do not bring much cash as you would get a bad exchange rate.
Any type of cards are ok and can be used virtually anywhere.

Peter

artwahh wrote:
We are travelling to Oz very shortly. We are seeking advice on the best way
to take the cash there. We have debit cards, credit cards and money in the
savings. Do we get travellers cheques? or take our cards??????

Any help would be much appreciated

Thanks



  #14  
Old December 14th, 2004, 01:54 AM
Peter Titze
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Hi

Do not bring much cash as you would get a bad exchange rate.
Any type of cards are ok and can be used virtually anywhere.

Peter

artwahh wrote:
We are travelling to Oz very shortly. We are seeking advice on the best way
to take the cash there. We have debit cards, credit cards and money in the
savings. Do we get travellers cheques? or take our cards??????

Any help would be much appreciated

Thanks



  #15  
Old December 14th, 2004, 03:08 PM
Frank Slootweg
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A Mate wrote:
Travellers Cheques are no longer used much. ATM's are almost everywhere
(even in the outback you can withdraw money through your credit card using
eftpos).


In our experience [1], that (withdrawing money using EFTPOS) only
works for a *debit* card and then only for the *right* debit card. A
(non-Oz) MasterCard credit card does *not* work an nor does a European
"Europas" or "Worldpass" debit card. So beware. Hence my earlier advice.

Cirrus, Plus, Maestro, Star - and virtually every other ATM network known
are supported!


[1] We tried four cards (two MasterCard credit cards and two Europas/
Worldpass debit cards) in several shops without any luck. Of course we
could *pay* for goods/services with the credit cards, but could not
withdraw/get money. (Finally the owneress of the caravan park let us
"buy" some money with our credit card. She could do that because she -
as the owneress, not an employee - could straigthen out the resulting
bookkeeping mess.)
  #16  
Old December 14th, 2004, 04:03 PM
Gerrit 't Hart
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"Frank Slootweg" wrote in message
...
A Mate wrote:
Travellers Cheques are no longer used much. ATM's are almost everywhere
(even in the outback you can withdraw money through your credit card

using
eftpos).


In our experience [1], that (withdrawing money using EFTPOS) only
works for a *debit* card and then only for the *right* debit card. A
(non-Oz) MasterCard credit card does *not* work an nor does a European
"Europas" or "Worldpass" debit card. So beware. Hence my earlier advice.


Theoretically using a credit card with the Plus symbol on it should enable
you to withdraw direct from your Chequing account, or your savings account,
whichever is connected on the card. However I would not bet on it. Several
months ago we were in Europe (Netherlands) and tried to withdraw from my
cheque account but the ATMs in Holland wouldn't let me do it! I checked with
the bank (owning two of those ATMs and their staff didn't have a clue as to
what the Plus symbol meant. So I gave up and used the credit card normally.
Placed a fairly large credit onto the card account and so saved interest
charges on withdrawals.
BTW the Plus function works in Australia and Singapore. But if your own bank
has a problem with this you could still be in hot water if you are relying
on it.

Gerrit - Perth


  #17  
Old December 14th, 2004, 04:03 PM
Gerrit 't Hart
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Posts: n/a
Default


"Frank Slootweg" wrote in message
...
A Mate wrote:
Travellers Cheques are no longer used much. ATM's are almost everywhere
(even in the outback you can withdraw money through your credit card

using
eftpos).


In our experience [1], that (withdrawing money using EFTPOS) only
works for a *debit* card and then only for the *right* debit card. A
(non-Oz) MasterCard credit card does *not* work an nor does a European
"Europas" or "Worldpass" debit card. So beware. Hence my earlier advice.


Theoretically using a credit card with the Plus symbol on it should enable
you to withdraw direct from your Chequing account, or your savings account,
whichever is connected on the card. However I would not bet on it. Several
months ago we were in Europe (Netherlands) and tried to withdraw from my
cheque account but the ATMs in Holland wouldn't let me do it! I checked with
the bank (owning two of those ATMs and their staff didn't have a clue as to
what the Plus symbol meant. So I gave up and used the credit card normally.
Placed a fairly large credit onto the card account and so saved interest
charges on withdrawals.
BTW the Plus function works in Australia and Singapore. But if your own bank
has a problem with this you could still be in hot water if you are relying
on it.

Gerrit - Perth


  #18  
Old December 15th, 2004, 09:23 PM
Frank Slootweg
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Default

Gerrit 't Hart wrote:

"Frank Slootweg" wrote in message
...
A Mate wrote:
Travellers Cheques are no longer used much. ATM's are almost everywhere
(even in the outback you can withdraw money through your credit card

using
eftpos).


In our experience [1], that (withdrawing money using EFTPOS) only
works for a *debit* card and then only for the *right* debit card. A
(non-Oz) MasterCard credit card does *not* work an nor does a European
"Europas" or "Worldpass" debit card. So beware. Hence my earlier advice.


Theoretically using a credit card with the Plus symbol on it should enable
you to withdraw direct from your Chequing account, or your savings account,
whichever is connected on the card. However I would not bet on it. Several
months ago we were in Europe (Netherlands) and tried to withdraw from my
cheque account but the ATMs in Holland wouldn't let me do it! I checked with
the bank (owning two of those ATMs and their staff didn't have a clue as to
what the Plus symbol meant. So I gave up and used the credit card normally.
Placed a fairly large credit onto the card account and so saved interest
charges on withdrawals.
BTW the Plus function works in Australia and Singapore. But if your own bank
has a problem with this you could still be in hot water if you are relying
on it.


Indeed, "Plus" is unknown in The Netherlands and probably in most of
Europe and quite possibly also in the UK where the OP is from.

That is why I posted what I posted: I.e. Australians should not assume
that just because they can do some thing with *their* (i.e. Australian)
cards, that 'foreigners' can do the same with their (foreign) cards.

So it would be nice if another person from the UK could post his/her
positive/negative experience with withdrawing money from an Australian
EFTPOS establishment.
  #19  
Old December 15th, 2004, 09:23 PM
Frank Slootweg
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Posts: n/a
Default

Gerrit 't Hart wrote:

"Frank Slootweg" wrote in message
...
A Mate wrote:
Travellers Cheques are no longer used much. ATM's are almost everywhere
(even in the outback you can withdraw money through your credit card

using
eftpos).


In our experience [1], that (withdrawing money using EFTPOS) only
works for a *debit* card and then only for the *right* debit card. A
(non-Oz) MasterCard credit card does *not* work an nor does a European
"Europas" or "Worldpass" debit card. So beware. Hence my earlier advice.


Theoretically using a credit card with the Plus symbol on it should enable
you to withdraw direct from your Chequing account, or your savings account,
whichever is connected on the card. However I would not bet on it. Several
months ago we were in Europe (Netherlands) and tried to withdraw from my
cheque account but the ATMs in Holland wouldn't let me do it! I checked with
the bank (owning two of those ATMs and their staff didn't have a clue as to
what the Plus symbol meant. So I gave up and used the credit card normally.
Placed a fairly large credit onto the card account and so saved interest
charges on withdrawals.
BTW the Plus function works in Australia and Singapore. But if your own bank
has a problem with this you could still be in hot water if you are relying
on it.


Indeed, "Plus" is unknown in The Netherlands and probably in most of
Europe and quite possibly also in the UK where the OP is from.

That is why I posted what I posted: I.e. Australians should not assume
that just because they can do some thing with *their* (i.e. Australian)
cards, that 'foreigners' can do the same with their (foreign) cards.

So it would be nice if another person from the UK could post his/her
positive/negative experience with withdrawing money from an Australian
EFTPOS establishment.
  #20  
Old December 16th, 2004, 11:40 AM
A Mate
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Posts: n/a
Default

Frank,
Plus is the Visa cash network - and while possibly unknown by name to many
Europeans - in existence throughout virtually all the 'electronically
connected' world. There are many interlocking and overlapping networks
operating almost everywhere - most ATMs carry logos from the common networks
in their neck of the woods only - but your bank should be able to tell you
just which worldwide networks your card will operate on!!

There would be very few cards which are not affiliated with Plus!!
"Frank Slootweg" wrote in message
...
Gerrit 't Hart wrote:

"Frank Slootweg" wrote in message
...
A Mate wrote:
Travellers Cheques are no longer used much. ATM's are almost
everywhere
(even in the outback you can withdraw money through your credit card

using
eftpos).

In our experience [1], that (withdrawing money using EFTPOS) only
works for a *debit* card and then only for the *right* debit card. A
(non-Oz) MasterCard credit card does *not* work an nor does a European
"Europas" or "Worldpass" debit card. So beware. Hence my earlier
advice.


Theoretically using a credit card with the Plus symbol on it should
enable
you to withdraw direct from your Chequing account, or your savings
account,
whichever is connected on the card. However I would not bet on it.
Several
months ago we were in Europe (Netherlands) and tried to withdraw from my
cheque account but the ATMs in Holland wouldn't let me do it! I checked
with
the bank (owning two of those ATMs and their staff didn't have a clue as
to
what the Plus symbol meant. So I gave up and used the credit card
normally.
Placed a fairly large credit onto the card account and so saved interest
charges on withdrawals.
BTW the Plus function works in Australia and Singapore. But if your own
bank
has a problem with this you could still be in hot water if you are
relying
on it.


Indeed, "Plus" is unknown in The Netherlands and probably in most of
Europe and quite possibly also in the UK where the OP is from.

That is why I posted what I posted: I.e. Australians should not assume
that just because they can do some thing with *their* (i.e. Australian)
cards, that 'foreigners' can do the same with their (foreign) cards.

So it would be nice if another person from the UK could post his/her
positive/negative experience with withdrawing money from an Australian
EFTPOS establishment.



 




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