Using ATMs When Traveling in Italy

banco agricola popolare di ragusa bancomat
Italy remains a leading tourist destination in Europe, with many attractions that make it an ideal place for summer vacations. Having received more than 48.6 million tourists in the year 2014, Italy is the fifth highest tourist earner and fifth most visited country in the world. It comes second to France as the most visited European destination, thanks to the availability of rich art, culture, elaborate history and fashion.

Being the leading country with the most world heritage sites, it is understandable that when touring elaborate plan is vital to making the visit enjoyable.

When considering touring Italy, it is important to understand some general practices and facts of this beautiful country. Italy enjoys a strong stable economy, has a high standard of living and is one of Europe’s most highly taxed countries. The Euro is the currency in use, which is advisable to have upon arrival. This will ease your settling-in process, as you are able to get to your hotel or apartment without having to try access your money. Additionally basic services such as Taxi require your paying cash. To easily transact, have your currency in small denominations such as 10, 20 and 50 Euro bills.

Another reason to have Euro currency on arrival is that ATM’s at busy areas such as airport terminals and tourist sites might be out of cash. It is also expensive to change foreign currency into Euro in Italy, due to high exchange bureau’s fees and local banks being reluctant to convert currency to non-account holders. Additionally, traveler’s checks are no longer accepted as a mode of payment in Italy and it is almost impossible to convert this to monetary terms.

Your ATM card is the most convenient way to access your money. Credit cards are equally reasonable and are widely accepted in Italy, but this will not do for some establishments and for paying for certain services. Use of your credit card may also attract additional charges, as you will have your local bank issuing the credit card adding its own fees per transaction, aside from the credit company’s fee. It is thus advisable to inquire on what charges apply for the use of your credit card(s), including international and foreign fees.

Similarly, it is also expensive to make withdrawals with your ATM card while traveling, as one is usually charged International Transaction Fees. This makes it important to consider the amount of money you will need and the withdrawal cap or limit set by your local bank. A disappointment would be being unable to withdraw an amount as it is above the set withdrawal limit. Having to make many withdrawals will also accumulate to more chargers being incurred for every transaction.

Before touring, one should make it a point to inform his local account of his intended visit, as with new baking systems unusual bank activity abroad is flagged and followed with an immediate account freeze. The ATM’s in Italy are called Bancomat and are easy to locate in its major towns and cities. While traveling into the country, have adequate amounts of money in case you are unable to locate one A final checklist is to ensure that your ATM card requires a four digit pin, as some ATM’s do not accept a six digit pin.

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