Jump to content
Cruise Critic Community
Sign in to follow this  
dis2cruise

Euros/ATM question...

Recommended Posts

Going on the edge soon quick question about ATM machines on the ship...

Is it better to get my euros from the ships atm or go to a bank near a port.  What would give the best rate.  Also, with my debit card my bank reverses any fees I may Encounter.

Share this post


Link to post
Share on other sites
5 minutes ago, dis2cruise said:

Going on the edge soon quick question about ATM machines on the ship...

Is it better to get my euros from the ships atm or go to a bank near a port.  What would give the best rate.  Also, with my debit card my bank reverses any fees I may Encounter.

It is always better to get your Euro from a Bank ATM with your debit card.  You get the Interbank rate for the time of transaction.  🍷

Share this post


Link to post
Share on other sites

Definitely get your euros from a bank atm. Bear in mind that you can use your credit card for the vast majority of expenses and won't need much cash. For a two-week European cruise this summer, about the only thing we used cash for was tips for tour guides.

Share this post


Link to post
Share on other sites

Ships ATM only dispenses US dollars.

Share this post


Link to post
Share on other sites

On European based cruises Celebrity usually has an ATM for USD and an ATM for Euro on board.  If you use the ATM for Euro's there is no additional exchange rate fee up front- just with your own local bank at home in Canada.  This would also be the case with an ATM in port. Your debit card probably does not charge a foreign transaction fee but check with your bank.  The usual ATM  terminal transaction fees are more on the ship but if your bank reverses them anyway you are good to go.  Credit cards are a different story.  Use one with no foreign transaction fees and get the best daily exchange rate on your purchases.  But you will be charged for cash advances on a credit card.  Lastly, if you decide to exchange cash on board in Guest Services or in the casino,  it will be the most expensive option as you will be charged Celebrity's exchange rate which is not optimal.  There is another option.  Carry along a prepaid VISA card.  Like using traveler's checks in the old days.

Share this post


Link to post
Share on other sites
9 minutes ago, Ravbo said:

Ships ATM only dispenses US dollars.

That's not the case for European cruises.

Share this post


Link to post
Share on other sites

Just a word of caution, I've noticed that ATM's are now offering you the option to convert your Euro withdrawal into USD.  Always say NO and let your home bank do the conversion.  If you let the ATM do the conversion, it will cost you around 3.5%.  Also, on your credit card purchases, don't let them do the conversion for you.  Some merchants will ask if you would like them to do the conversion -- always say NO and let your bank/credit card do the conversion, or it will cost you around 3.5%.  Be cautions, because some merchants will do the conversion and not let you know.  It's called DCC or Dynamic Currency Conversion.  They are supposed to ask you and give you the option, but some of them don't.  Google it.  🍷

Share this post


Link to post
Share on other sites
12 minutes ago, Wine-O said:

Just a word of caution, I've noticed that ATM's are now offering you the option to convert your Euro withdrawal into USD.  Always say NO and let your home bank do the conversion.  If you let the ATM do the conversion, it will cost you around 3.5%.  Also, on your credit card purchases, don't let them do the conversion for you.  Some merchants will ask if you would like them to do the conversion -- always say NO and let your bank/credit card do the conversion, or it will cost you around 3.5%.  Be cautions, because some merchants will do the conversion and not let you know.  It's called DCC or Dynamic Currency Conversion.  They are supposed to ask you and give you the option, but some of them don't.  Google it.  🍷


Excellent advice.  I had to figure it out some trips ago, and actually tested it to verify that the same ATM transaction costs me more if I let the local bank do the conversion, as opposed to my US bank.  The question is sometimes asked in different terms, but just remember that you always want to pay or be charged in local currency (Euros in this case) not in dollars.

 

Tom & Judy

Share this post


Link to post
Share on other sites
10 hours ago, TFree said:


Excellent advice.  I had to figure it out some trips ago, and actually tested it to verify that the same ATM transaction costs me more if I let the local bank do the conversion, as opposed to my US bank.  The question is sometimes asked in different terms, but just remember that you always want to pay or be charged in local currency (Euros in this case) not in dollars.

 

Tom & Judy

Agree 100%.    Last cruise it showed me the amount in USD and I used Local Currency instead.   I have alerts setup on my bank accounts and within seconds I saw the transaction in USD come through my credit card.   It was about 3% better than the ATM offered.

Share this post


Link to post
Share on other sites
13 hours ago, TeeRick said:

Lastly, if you decide to exchange cash on board in Guest Services or in the casino,  it will be the most expensive option as you will be charged Celebrity's exchange rate which is not optimal.

True

 

However, Guest Services is a great place to exchange any leftover foreign currency back to USD - although it's not a great exchange rate, it's easier and cheaper than trying to do so with your bank when you get back home.

Share this post


Link to post
Share on other sites
6 hours ago, NantahalaCruiser said:

True

 

However, Guest Services is a great place to exchange any leftover foreign currency back to USD - although it's not a great exchange rate, it's easier and cheaper than trying to do so with your bank when you get back home.

 

Or just use it as extra tips! The crew are happy with Euros and USD.

Share this post


Link to post
Share on other sites

Also when using your credit card for purchases or restaurants, if they ask if you want to convert to dollars, decline as the rate usually is not very good.  

Share this post


Link to post
Share on other sites
9 hours ago, NantahalaCruiser said:

True

 

However, Guest Services is a great place to exchange any leftover foreign currency back to USD - although it's not a great exchange rate, it's easier and cheaper than trying to do so with your bank when you get back home.

Easier yes- but not sure if it is cheaper than your bank at home.  But banks are different so need to check with them in advance. Celebrity charges exorbitant fees to change money both ways.  And they do not have or take all currencies.  But they will definitely exchange dollars and euros if you don't mind paying their fees.  I usually try to spend everything or I like the idea of using the extra for tips too.  With Euro's I will sometimes just bring them home and use for a future trip to Europe (my favorite option!).

Share this post


Link to post
Share on other sites

TeeRick, that is what we always do - bring the excess home to use on the following year's fall European trip!

Share this post


Link to post
Share on other sites
Posted (edited)

We keep at least $100 worth of Euros and Pounds in fact we often stop at an ATM at the last port to make sure we have enough for our next trip.  We know enough folks that travel that we can always "sell" them currency at the current published rate when they buy it. 

 

We have also accumulated $15 in Reflection casino chips and $2.50 in Constellation casino chips...but that's not intentional 🙂 

Edited by ghstudio

Share this post


Link to post
Share on other sites
On 8/24/2019 at 11:01 AM, GeorgesGal said:

TeeRick, that is what we always do - bring the excess home to use on the following year's fall European trip!

Yes I always try to keep Euro's for the next trip too.  But my son has been going to Italy and other EU countries on business and knows about my stash!  He is always "borrowing" some from me.

Share this post


Link to post
Share on other sites
2 hours ago, TeeRick said:

Yes I always try to keep Euro's for the next trip too.  But my son has been going to Italy and other EU countries on business and knows about my stash!  He is always "borrowing" some from me.

 

Tell him you'll put him up for adoption if he keeps that up!

Share this post


Link to post
Share on other sites

Don't rely on the onboard ATM dispensing Euros. We returned 2 weeks ago and I wanted to get some extra Euros for tipping our waiter in the MDR (I'm a cashless person, so I never carry much money around with me). The ATM for US$ worked just fine, but the ATM for Euros didn't. I was not happy that I had to tip in $, when the ship would be cruising through Europe for another couple of months… I'm sure staff appreciates the local currency more for extra spending money rather than having to exchange it again. 

So do get your Euros in one of your ports of call and don't rely on the ship's ATM. Also, the ATM operator double charged me, despite me selecting for my bank to convert from $ into Euros (my home currency), which my bank did. I was very disappointed that the ATM would not be better maintained on a European cruise. 

Share this post


Link to post
Share on other sites
5 hours ago, karli_ratte said:

Don't rely on the onboard ATM dispensing Euros. We returned 2 weeks ago and I wanted to get some extra Euros for tipping our waiter in the MDR (I'm a cashless person, so I never carry much money around with me). The ATM for US$ worked just fine, but the ATM for Euros didn't. I was not happy that I had to tip in $, when the ship would be cruising through Europe for another couple of months… I'm sure staff appreciates the local currency more for extra spending money rather than having to exchange it again. 

So do get your Euros in one of your ports of call and don't rely on the ship's ATM. Also, the ATM operator double charged me, despite me selecting for my bank to convert from $ into Euros (my home currency), which my bank did. I was very disappointed that the ATM would not be better maintained on a European cruise. 

This happened once to me.  The ATM was down near the end of the cruise when I wanted cash for tips.  Since it was a ship ATM, I went to Guest Services and they gave me a no-fee cash advance charged on my main account.  

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Forum Jump
    • Categories
      • SAIL-AWAY GIVEAWAY - Enter for a chance to win a $3,000 Norwegian Cruise Line Gift Card
      • Forum Assistance
      • New Cruisers
      • Cruise Lines “A – O”
      • Cruise Lines “P – Z”
      • River Cruising
      • ROLL CALLS
      • Digital Photography & Cruise Technology
      • Member Cruise Reviews
      • Special Interest Cruising
      • Cruise Discussion Topics
      • UK Cruising
      • Australia & New Zealand Cruisers
      • North American Homeports
      • Ports of Call
      • Cruise Conversations
×
×
  • Create New...