The example below shows you how high Euronet fees with DCC can be: So you’re effectively paying even more for your withdrawal.įor this reason, we recommend that when withdrawing money in a foreign currency, you always refuse currency conversion and stick to the local currency. If you accept – and many people do because it’s the more comfortable option – you’re also accepting a much poorer exchange rate, plus fees, from Euronet than you’d get from your own bank. So, if you’ve travelled from the UK to Spain, for example, it’ll ask if you want to be charged in GBP rather than euros. Then there’s the potential to get stung by poor currency exchange rates and expensive surcharges (often around 10.0% to 13.0%).Įuronet uses a process known as dynamic currency conversion (DCC) which gives ATM users the option of being charged in their home currency rather than the local currency. But before you consider withdrawing money from one of these machines in another currency, there are a number of charges you’ll need to be aware of.įirstly, there’s the basic fee for withdrawing cash from the Euronet ATM which is usually around €1.95 to €4.99.
If you’re travelling from the UK or the US to Europe, chances are you’ll come across at least one, if not several, Euronet ATMs. In 2020, Euronet bought 700 non-branch ATMs from Bank of Ireland, having acquired 400 ATMs from Ulster Bank two years earlier.Ĭardtronics is also the largest ATM deployer in the USA. Here's a list of the top ten ATM operators in the UK*:īoth Cardtronics and Euronet have also expanded into the Republic of Ireland. The acquisition included around 5,000 ATMs across the UK, Netherlands, Belgium and Ireland. Since then, Euronet Worldwide has re-entered the UK market by acquiring UK based ATM operator YourCash Europe Limited in 2016.
Cardtronics runs on the LINK ATM network which is the busiest ATM transaction switch in the world. As a result, Cardtronics has become the largest independent cash machine provider in the UK, with more than 17,000 cash machines. Then, in 2005, Bank Machine became part of Cardtronics Inc which later acquired Cashzone in the UK and Cardpoint in Germany.
In conjunction with the sale of the UK ATM network, Euronet signed a five-year outsourcing agreement with Bank Machine Limited, the new name under which the former Euronet UK subsidiary operated. Although Euronet ATMs can be found throughout Europe, they are no longer so common in the UK - at least, not under that brand name.īack in 2003, Euronet Worldwide sold its UK subsidiary to private equity firm Bridgepoint Capital Limited.
0 kommentar(er)
