In Belgium, fees for withdrawing money are illegal. That's why we don't have Euronet ATM's :)
@MRLBRMNN3 жыл бұрын
Good job
@arnoldhau13 жыл бұрын
Also definitely a place worth visiting.
@g0reburger3 жыл бұрын
Great attidude
@georgeaziz36653 жыл бұрын
Long live Belgium 😀
@louisdu543 жыл бұрын
Yep, also don’t think I’ve ever seen one in France ! Probably illegal here too
@patriklukac53602 жыл бұрын
This is just so sad how they are stealing money legally. You are doing a great job by showing to all of us where to be careful. Amazing videos. Thank you.
@WAZA21132 жыл бұрын
To add to this nonsense, the minimum you can withdraw is 1000 crowns (40euros).
@WhatALoadOfTosca2 жыл бұрын
As cunning as this could be seen, it isn't stealing.
@taramaforhaikido72722 жыл бұрын
The law can be abused. It often is. Likewise what people think is harmful/dangious can actually be safer. Then we got other factors at play. Such as "Whats in it for them" and "Being selfish vs sharing" along with other technical details. To put things into perspective, only cowards turn their backs and flee. Only the closed minded shut down communication after getting the last word in. Only the brave always listen even if in conflict to work things out. People can and do "harass" each other before things work out. Or even going through times of near destruction. But if the end result is being happy and safe together then the ends justify the means. Especailly if it follows a set pattern that works out. eg: Different people. Different reasons. Same old song and dance. The pattern works when exchanging each others view points and considering the full story. Even wars can stop with diplomacy. And yes... So many don't want to listen in this day and age. Perfectly legal. Yet causing so many harmful mental truama. Which in turn can lead to insanity and suicide (and gang wars. etc. You get the idea). No one's obligated to obide by your rules. Rules forced on people without consent as if it's an obligation. People will break them just to know they even have a choice at times. Scammers scam because their own lives are shit. But maybe it's because they were treated like shit. Bullies bully for the same reasons. Backtrack. Rewind. What's the ignition/spark that causes events? Understand the patterns that cause events to happen and you can control events. Will you take advantage with that control? Well... What's in it for me not too? Fear? Being told of? Threats/intimidation? These things are not good incentive on their own. Granted, punishment, threat and fear has its uses on a "right now" bases when combined with more caring/positive elements. But without the "positive" elements then it's just making it about yourself and your own moral high ground isn't it? That's why people will keep doing it. Because why wouldn't they if you have nothing else to offer them? Thus, what can you offer to those bankers to get them to stop?
@davidcovington9012 жыл бұрын
@@WhatALoadOfTosca Someone taking by trickery what you would not have given them IS stealing. Look up "theft by trick." Any reply you make to this comment may result in loss to your bank accounts, I'm just being honest.
@johnandrews94332 жыл бұрын
@@davidcovington901 lol wut. It’s not a trick if you can’t be bothered to read
@AussieAvgeek982 жыл бұрын
This video has saved me thousands of dollars over the last year just by simply declining the conversion, you my sir are a great man
@NazriBuang-w9v29 күн бұрын
Lies again? Apple TV USD SGD
@kevonvideo2 жыл бұрын
I don't understand how these aren't illegal yet. The touristy area's in Portugal are also littered with Euronet ATM's. Great job pointing this scam out 👏
@qpitt3 ай бұрын
What he did not told: In Czech Republic Dynamic Currency Conversion is used by the most of the Card Terminals. Not only the bad Euronet try ti use DCC, also the most retailers and restaurants with foreign cards.
@KlausKokholmPetersen2 ай бұрын
We have them all over Copenhagen, and in many tourist areas. I always tell people to use their card in shops or get money from a bank ATM
@user-bg9em7ch6kАй бұрын
@@KlausKokholmPeterseneven bank ATM’s in Mexico give you a ridiculous exchange rate, And charge an outrageous fee. 🤦🏼♀️
@podr0znik12 жыл бұрын
One time I was using my Dutch card to pay for a dinner in Poland, and the waiter selected the option that I wanted to pay in EUR rather than the local PLN. I was like "Whoa, what are you doing? I want to pay in PLN." And the waiter said that he was instructed to always select EUR (or USD, or ...) in the case of foreign bank cards. I made him cancel the transaction and do it again and explained him the story. These Euronet practices... should be subject of investigations by district attorneys. Seriously. It's embezzlement.
@paulsz61942 жыл бұрын
Which city was this in? Sounds like the restaurant gets a cut of the transaction fees for the payment services provider..
@Pheatan2 жыл бұрын
@@paulsz6194 more likely they dont get charged for using the service. Most of these machines charge the company/restaurant to use their service so i could imagine that euronet offers to waive fees if they instead use conversion.
@paulsz61942 жыл бұрын
@@Pheatan so how wpuld Euronet make its money then? Corporations are always searching out extra ways to make money off us consumers.
@CrazyStranger112 жыл бұрын
@@paulsz6194 I think you guys are basically saying the same thing, but Audio Cracked is saying that instead of the service provider giving the restaurant a credit for using conversion, they give them a discount on the payment services.
@zerwif2 жыл бұрын
Have had something similar happen buying groceries in Kuala Lumpur, Singapore, and Bangkok. Cashiers get told to hit the card's home currency without asking the patron. Now when I travelling I aim to use self checkout.
@paisleybuddie50963 жыл бұрын
When I was in Prague last year a kind person had placed a large sticker on an ATM in Rumunska which said in English, German and Russian "WARNING - This ATM will rob you!"
@moofie12623 жыл бұрын
@@respectmahauthoritah4918 rude
@shreyasbhatt71123 жыл бұрын
@@respectmahauthoritah4918 alpha male right here
@VRDejaVu3 жыл бұрын
@@respectmahauthoritah4918 Ok peasent
@alinek22893 жыл бұрын
@@respectmahauthoritah4918 y'know, calling someone a snowflake isn't an excuse for insulting people. you're twisting the word's definition
@bozo59823 жыл бұрын
@@respectmahauthoritah4918 He is a troll guys, don’t bother to reply.
@georgetim1272 жыл бұрын
Literally 1 minute ago I used this tip in Italy to withdraw euros, and I saved 13% by doing it your way. Grazie Mille!!
@andyryan294510 ай бұрын
Just used your trick (in Mexico) to not accept the conversion rate and it worked! Best exchange rate I've gotten in two months! Thank you for sharing!!!
@jcmontecarlo61232 ай бұрын
Try to get money only at in bursa ATMs in Mexico. They only charge 21pesos and of course decline conversion.
@jcmontecarlo61232 ай бұрын
For Mexico! Try to get money only at inbursa ATMs in Mexico. They only charge 21 pesos for the transaction (bbva 85!) and of course decline conversion.
@jamesc60273 жыл бұрын
So essentially, all the conversion button does is convert 100% of your money into 87% of your money?
@DerKatzeSonne3 жыл бұрын
Exactly!
@Daytruin3 жыл бұрын
literal robbery.
@Krokrodyl3 жыл бұрын
@@Consumer0001 Most of the ATM shown are not owned by banks, they're owned by Euronet, an American private company from Kansas. Professional racketeers.
@runeodin72373 жыл бұрын
The 'conversion' means that the machine itself does the conversion - often with a very bad exchange rate - and draws the amount in your local currency from your bank. Not converting means drawing the amount in the foreign currency from your bank and letting it do the conversion, which will mostly be done with a much better rate.
@TheRootedWord3 жыл бұрын
Or in Ukraine at Privat Bank ATM's they charge almost 25% !!!!!
@SarahandMarek3 жыл бұрын
The honest guide back at it again to helping us on our travel ventures 😁
@nazarreyaz78823 жыл бұрын
Helping us against travel vultures!
@forestcityfishing47493 жыл бұрын
He already made this video...its the same thing again
@yp34203 жыл бұрын
@@respectmahauthoritah4918 Tell that to all the people that are vaccinated and feel like they have all the power in the world and think that they can do anything without restrictions even when going to a country or place that is pretty hard hit with an certain mutation of the virus that makes the vaccine less effective. Those are the people that are the most dangerous at this moment.
@lukasyczek3 жыл бұрын
@@respectmahauthoritah4918 Dont say shits pls :)
@RIZFERD11 ай бұрын
ATM in Europe are so not safe aside mostly in an open space air no chamber, many people were following me after took some cash even some just for sake of following me not because of money but were after me for a date 😅 ATM in Indonesia are some of the safest in the world, much better security systems and all with air-conditioned chambers/spaces. That's why all my former colleagues back in Europe said "you walked so fast, didn't even notice me waving to you"
@Buglin_Burger7878 Жыл бұрын
The worst thing about Decline is the fact any sane person without knowledge of this would not click Decline as it looks like it will cancel the transaction. It looks like you don't have a choice. Things like this exist all over the world and this is a great video to educate people.
@bazil4146 Жыл бұрын
A lot of cards here in the United States, usually charge a 3% foreign transaction fee. You might think that Banks here charge a fee also so there’s no point to declining. But when I saw that these ATMs are charging 15%, 3% is still way more preferable to 15%
@PierceHaviland14 күн бұрын
My Tour of Prague Castle charged me in Euros and my Chase credit card charged a foreign transaction fee but I was able to get them to refund it. When I was in Prague I used my Capital One credit card that had no foreign transaction fees.
@johanakuhnelova85133 жыл бұрын
I'd also recommend to ALWAYS examine the ATM before putting in your card. Sometimes thieves install this device on top of the place where you put you card and it is there to gather information about your card. It's kinda an oldschool trick, it ofc does not happen all the time, but it's good to be mindfull
@Trolhammarenn3 жыл бұрын
It happened to me, but it was on island where it was only atm and i was out of cash :-D So i took a risk
@quanbrooklynkid77763 жыл бұрын
@@Trolhammarenn damn
@shardphoenix3 жыл бұрын
It’s called skimming. Just jiggle firmly on the card reader before you put in your card and fiddle around if it does not come of easily. If it’s cardboard or simply wood ignore it and move along. Also always enter your pin blind beneath your palm. They have a second cam installed (not officially from the bank) and that reads your pin entry. After a day or so they remove their skimming device and match the card read to the pin and a simple copy action from your read card to a copy card and with your pin recorded they empty your account.
@brianterence32113 жыл бұрын
@@shardphoenix They were doing what you describe in Malaysia 20 years ago !
@mateuszzimon82163 жыл бұрын
@@brianterence3211 Yes bc even chip card still have magnetic strip, that's why Fintech is answer where u can disable strip, nfc, chip to authorisation.
@lautrufend3 жыл бұрын
Be careful! It is worth highlighting his point that it’s not just ATMs. Some merchants are also doing this when you pay with a foreign card at a restaurant, gift shop, or even at the airport. This is including at reputable stores. When you insert your card, the staff may ask you “do you want to pay in (your home currency)?” I have a U.S. credit card with no foreign transaction fees and typically competitive exchange rates. If I were to accept this, the restaurant or shop’s card processor would do the conversion for me at a terrible rate. So always decline and say you will pay in your local currency. I asked the cashier once why they confuse people like this, and they shrugged and said “it’s just for your convenience.” It’s not for your convenience, it’s for their company’s pocketbooks and even well known department stores do this.
@lucareato3521 Жыл бұрын
To be honest, I live in Slovakia and every time I'm going to Czech Republic I'm always having problems in paying with my card. A good 30/40% of the shops or restaurants I went in cities close to the border, or southern of Brno are refusing card payments at all. In Poland I never encountered the same problem and never needer to withdraw Zlotý.
@DrewIsSharing2 жыл бұрын
In england the only reason someone taking out £120 is for a half ounce
@swaagman212 жыл бұрын
Hahahaha 😂 quite expensive bro
@jirislavicek99542 жыл бұрын
You know your stuff! 👍👍👍
@mattiauk2 жыл бұрын
Also in general I find that is best to avoid private ATMs,. IF you use banks ATMs you are less likely to be screwed to crazy levels.
@WooShell2 жыл бұрын
.. and if you're lucky, you might even find one from your own bank or bank conglomerate and pay no fees at all.. (e.g. my German HypoVereinsbank card, which is part of the UniCredit group shown in the video, would withdraw there for free)
@lucasleme29442 жыл бұрын
No matter what my bank is (Wise for instance), any other bank ATM will accept my withdraw?
@zeewin3 жыл бұрын
That applies to PayPal as well, always decline the conversion thru a few more clicks at payment option, auto currency conversion is set by default.
@TheGlenNA29 Жыл бұрын
This is one of the best travel channel. He teach us how to protect ourselves overseas and avoid scammers.
@vincentpelletier57 Жыл бұрын
I had that experience of "DCC" when paying by card at a restaurant in England. There was no choice in the matter at transaction time (as far as I am aware), but the receipt did say I could call them to revert the DCC and charge me in the local currency. Very annoying, especially when you don't have a local phone and you know they will just make you waste time on hold, so I just avoided that restaurant for the rest of the week (I was there on business, staying at the same hotel all week). Though as I understand it was not the restaurant's choice, but their banks, and they were not an especially touristy location, not an issue for brits.
@places2visit3 жыл бұрын
*I wish there was an honest guide in every city of the world*
@redslate2 жыл бұрын
I wish the world were simply more honest...
@Catandthespoon2 жыл бұрын
Yeah I think these guys need to do collabs with other KZfaqrs in other countries
@alpha-cf2oi Жыл бұрын
u can get atm in every city of the world for sure
@BenRangel3 жыл бұрын
The fact that they now have to state "12% markup" is a big win. Good to see EU regulations at work.
@paolopetrozzi22133 жыл бұрын
12,86% is rounded to 13%, not 12%. They steal 13%
@BenRangel3 жыл бұрын
@@paolopetrozzi2213 OK I agree.
@thenonexistinghero3 жыл бұрын
EU regulations are still trash. These devices are scams the banks are f***ing impostors.
@TemporalOnline2 жыл бұрын
@@nahadoth2087 exactly
@shroomer38672 жыл бұрын
@@nahadoth2087 I didn’t know Spain had those type of ATMs although considering the amount of profit Spain makes from tourism it isn’t that surprising.
@user-eg4dv1bm2e2 ай бұрын
Thanks for this video! Half the fun of travelling is using other countries' cash so this is very useful info :)
@kevlarcardhouse2522 жыл бұрын
A lot of stores in tourist areas of Europe also have their debit/credit payment machines give the option of showing the payment in your local currency. It sounds convenient because it will make it clear to you how much money you are spending, but again, it comes with a bad conversion rate that hides the fee for doing that. Worse still, sometimes it is only showing it in your local currency and not actually taking it out in your money, which means the bank or credit card company will still charge you the international fee on top of that. Stick to what the currency of that country is.
@MyDailyUpload3 жыл бұрын
Thank you for your videos. When we traveled to Spain a few years ago, I did my homework and found I could go to a Deutchebank ATM with my particular US issued card and get cash with almost no fee. I avoided Euronet completely. It is an odd coincidence that I briefly worked for Euronet when they bought the company I worked for. I truly had no knowledge of their high fees and preying on unsuspecting people. I naively thought we were providing a critical service. I quit in 1999, but I still have a relative that works there. I let him know every time I see him that his company engages in shady business practices.
@I____MaRo____I3 жыл бұрын
Funny: EURONET is an american company
@altergreenhorn3 жыл бұрын
it made sense
@tihspidtherekciltilc54693 жыл бұрын
Funny: the Clinton Foundation and BLM are not American.
@caneloalvarez15163 жыл бұрын
@@tihspidtherekciltilc5469 For tax purposes no one is american
@user-cr4cj1fl8z3 жыл бұрын
That tells you everything.
@ashkebora72623 жыл бұрын
@@tihspidtherekciltilc5469 BLM isn't an official organization to be taxed? Jeeze, it's like you idiots _want_ to be misinformed...
@shaulpagis-sharon4484 Жыл бұрын
This advice saved me A LOT of money on my trip to Canada. I remembered it and declined what turned out to be a ridiculous markup. Thanks!
@sierrabergsgaard53142 жыл бұрын
Im coming to Prague next month and I have been binging all your videos. I feel so prepared, thanks!
@SD-oi9gr3 жыл бұрын
I wish there was some way to calculate how much money you and your team have saved people over the world.
@jwenting3 жыл бұрын
Another thing: ALWAYS use an ATM from a real bank and preferably one at a bank office if at all possible. ATMs elsewhere and 4rd party ATMs (like Euronet) tend to charge much higher transaction fees. E.g. in the Netherlands, many off-site ATMs (so ones in stores for example rather than in bank offices) tend to charge you an additional several Euros plus a percentage on top of the transaction fee you're being charged by your bank (which for Dutch cards in a Dutch ATM should be ZERO).
@thecompanioncube42113 жыл бұрын
4rd party: When your heart says 3rd but your brain likes 4th
@wclifton968gameplaystutorials3 жыл бұрын
Its the same thing for pretty much anywhere in Europe although in the UK many ATMs are free to use wether they're owned by a bank or not since they're owned by an organisation owned by a group of banks and you can do bank functions at your local convenience store as long as there is a "PayPoint" sign on the side of the building
@seraphina9853 жыл бұрын
Also for the UK you may find the ATM Locator app by Link Scheme Ltd useful on the Apple App Store or Google Play Store that may be useful. It can show any UK ATM on a map and can filter for only free ATM's or even the rare ATM's offering £5 notes which may come in handy if you need cash for one small transaction.
@wclifton968gameplaystutorials3 жыл бұрын
@@seraphina985 Thanks for the info since I did not know about this; I knew they were owned by Link but I didn't know that any dispensed £5 notes or that there was a map locator...
@ShaCaro2 жыл бұрын
ATMs in the Netherlands don't charge you anything. What are you on about
@hilmarnicolay72342 жыл бұрын
Also another handy thing to know, on the ATM's with the little green cap, always try to pull and shake it cause a lot of the time thiefs will put scanners on it and steal your bank info.
@verdipoggi7434 Жыл бұрын
This guy is a real human hero. The hero every country or community needs.
@zufarihsan71122 жыл бұрын
I stumbled upon these tricks accidentally. I didn't bring much money to Europe, so I go to one of these ATM (forgot the brand) in Vienna Airport. The conversion rate was horrible, so naturally I press Decline, but surprised that money still comes out. I was afraid that I got scammed, but after checking my mobile banking apparently I'm charged normally according to Visa rate. That's how I learned to always press Decline. I'm surprised it's the case in Czech Republic and many other places too though.
@timv172 жыл бұрын
This is exactly the same way how I've found out myself a couple of years back. Ever since I always press decline or go with local currency.
@GutnarmEVE2 жыл бұрын
Those bastard machines kept popping up all over Vienna past few years, sometimes almost right next to "legit" ATMs (where it's just your own bank fleecing you).
@schnitzelsemmel2 жыл бұрын
literally Euronet. i dont't even think they have competitors (except normal bank ATMs that don't charge you)
@fparent2 жыл бұрын
The EU doesn't care about scamming tourists or it would make this practice illegal. This conversion scam is a plague across many EU countries.
@TinekeWilliams2 жыл бұрын
Thank you from the bottom of my heart!
@billyboy88203 жыл бұрын
These Euronet ATM are on almost every corner here in Cyprus, if I see people using I tell them to be careful and not get scammed.
@Oceansta3 жыл бұрын
North Cyprus or South?
@aoelp3 жыл бұрын
@@Oceansta Isn't Norther Cyprus just a satellite of Turkey almost no one but them recognizes? Jup, looked it up. Sure is. So I would tend to think it's the real state of Cyprus.
@Day-wm7nn3 жыл бұрын
@@Oceansta Cyprus is one country, hence their flag depicting the entire island. Turkey invaded it in 1974, but Cyprus joined the European Union as a whole island.
@Day-wm7nn3 жыл бұрын
@@aoelp Exactly, Northern Cyprus is an invaded piece of Cyprus (the invasion occurred in 1974), that's why nobody recognizes it
@zaspalia3 жыл бұрын
@Kaan Özkuscu The Greeks have been on the island of Cyprus since 1400 BC. That's almost 3000 years before the Ottoman Empire invaded it and they have been there to this day. Pretending as if Turks are innocent and don't act out aggressively for the benefit of their own nationalistic interests is pure hypocrisy on your end and won't solve anything.
@RhodianColossus Жыл бұрын
The Euronet ATMs in Berlin are horrendous as well. All have a 5 euro fee and they outnumber bank ATMs at a rate of what feels like 1000 to 1. It's often impossible to find an ATM nearby that isn't Euronet. Some banks in Berlin cover ATM withdrawal fees, but unfortunately that's in exchange for limiting withdrawals to 3/5 a month. This used to be a huge problem before the pandemic, when almost no place except supermarkets and maybe half of restaurants accepted card payments.
@martinanderson561011 ай бұрын
ppl should avoid using euronet at all times they charge u way to much yes that is true, i used their machines two times and was charged 4 euros when i was in krakow. read about it in a news article. always use atm from a proper legit bank like 1 in gdansk has actually a bank office in that big mall.
@ruykava2 жыл бұрын
Great point, this happens every time in hotels (even the 5 star ones) as well. Some front desk people would 'suggest' which option to pick, but as you mentioned, the point is always to pick the local currency
@Bynming3 жыл бұрын
I was really glad to know this information before I came to the Czech Republic early last year. Came in very handy in Budapest too where I needed a bit of cash for something where cards were not accepted. Ended up avoiding the Euronet ATMs and dealt with a bank and withdrew in the local currency for a more reasonable fee.
@xcoder11222 жыл бұрын
When I was in Prague and needed come cash, I went to a small (a bit rundown) shopping mall, far away from tourist hotspots, and used an ATM there. It was not like one shown in the video and it was also used by locals. I doubt locals would ever use one of those tourists ATMs shown in that video. It only had a very small fee and no extra costs or other tricks and was operated by a bank which was also found in that mall.
@outliersoverland2 жыл бұрын
Thanks for the videos. Our camper is crossing the Atlantic as we speak and will be arriving in Belgium soon. We will be driving around Europe for a couple years and I think we are in for a world of learning experiences and mistakes. Maybe we will cross paths one of these days.
@Spoonmehead2 жыл бұрын
I will be doing the same camper journey soon! I would recommend using a multi-currency account. Currently i'm using the company Wise... its all free, transparent and the company is founded by guys who were sick of added fees for overseas transactions...
@bambinaforever14022 жыл бұрын
Visa card takes u everywhere
@ArissXAS2 жыл бұрын
How is the journey going?
@outliersoverland2 жыл бұрын
@@ArissXAS it’s been full of highs, lows and everything in between. We just got to England and but have been on the continent since last October. We have quite a few videos already posted.
@ArissXAS2 жыл бұрын
@@outliersoverland thanks for the update. I didn't think to check out yoyr videos, thanks for the tip. Seems nice what you are doing. I am sure it can't be easy. But how do you manage to pay for your travel? Your channel doesn't seem to have grown enough to help you with the expenses. Did you save money prior to your travel, or do you still have an income? I am curious because I also always dreamed of doing what you're doing. Only difference is that I am european.
@Tikolu Жыл бұрын
I've spent a week in Prague and didn't touch cash once. I don't understand why there's so many ATMs everywhere if all places accept card..?
@simona26503 жыл бұрын
This video is so useful, I think you just saved a lot of my and other people's money. Thank you 😁
@frankb13 жыл бұрын
I fell for the ATM conversion scan in Florence. It cost me extra $12. Lesson learned.
@UltimateHammerBro Жыл бұрын
I was lucky I remembered this video when I tried to take some pounds out of an ATM in Belfast and I was offered a pretty bad conversion rate. Thank you!
@dgr8oneme Жыл бұрын
This is about ATMs but your bank/card company can be equally notorious. My Thomas Cook cross currency "debit card" charges $5 for "checking the remaining balance" at an ATM even if I don't withdraw any money.
@einsteinwallah2 Жыл бұрын
notorious means famous ... probably you wanted to use another word like deceptive, devious etc
@angrydragonslayer Жыл бұрын
@@einsteinwallah2 i think notorious is perfect in this context, einstein. Seeing as how it means famous but with a clear negative connotation.
@dealloc Жыл бұрын
@@angrydragonslayer aka infamous.
@angrydragonslayer Жыл бұрын
@@dealloc i feel like getting into the semantics of this will result in a 200 comment thread so i will simply say this No
@Afs.affairs3 жыл бұрын
I am moving to Prague in couple weeks and I have watched nearly all of your videos. To say I am very grateful for such a helpful content is a horrific understatement. Keep up the good work 👍💪
@mortuus46012 жыл бұрын
Insane u want move to the biggest scam city in europe
@Karmaisreal6292 жыл бұрын
Fair play to these guys exposing these dirty forginers scammers
@wholeNwon2 жыл бұрын
"Horrific"???
@exponentmantissa55982 жыл бұрын
I can see why people get fooled. They think clicking on conversion will convert the funds from their currency to the Czech currency.
@eric1994 Жыл бұрын
Glad I watched this video. They do the same in MX and I've been making this mistake for a year.
@MichaelHradek Жыл бұрын
There is one exception I have learned and that is some US customers have bank cards that do not accept transactions in foreign currency to convert (this is insane but it's happened). For example, a family member was visiting for a month and her US Credit Union debit card only worked when we selected with conversion.
@fall221233 жыл бұрын
I'm ashamed to say Euronet is an American company. Their headquarters are near Kansas City.
@logon123 жыл бұрын
Well that shouldn't be the case
@aceman00ify3 жыл бұрын
@@logon12 i googled it and it is in Kansas.
@centaur1883 жыл бұрын
The yanks are well known for ripping people off, corporate greed unchecked
@fall221233 жыл бұрын
@@centaur188 I'm not feeding the troll 😒
@yore53 жыл бұрын
@@fall22123 No he's totally right. America has greediest culture on this earth. No one does hypercapitalist exploitation like the US.
@ArnoldPranks3 жыл бұрын
You put all the Currency Converter Crooks out of Business, so now they set up all these ATMs 🤣
@nitink.a5673 жыл бұрын
😂
@shinnam Жыл бұрын
The "no conversions" advice for Asia too. Be especially skeptical of any ATM not at a bank in S.E Asia. Found an ATM at the Batam Harbour Indonesia that was going to charge 20% for the conversion plus a user fee of about €7.
@andretavares5424 Жыл бұрын
I’m Brazilian, and even credit cards have high fees if used in Europe. The cheapest option for us is to have an account in banks like “wise” or “nomad”. I travelled to Europe a few months ago, and was able to use it 100% of the time
@Dan-ch8kv3 жыл бұрын
I'm so happy things are opening up again. You're closing segment made me really happy.
@jakeconnelly24412 жыл бұрын
Extra tip: Avoid currency exchange counters. Most places will have them in the airport and scattered near stations. The exchange rates are worse than your bank 99% of the time. Best to just use an ATM and avoid the exchanges.
@Spelter2 жыл бұрын
I didn't know that when I visited the UK and went to the post office for that. Also, the ATM has something called "Guarantee of exchange rate" which is what he said here in the video and it was not on the screen what it meant. Now I know.
@LabGecko2 жыл бұрын
There is one near the Louvre in Paris that has good rates, but it is down a side street two city blocks away. XD
@LabGecko2 жыл бұрын
@@ShadyD365 depends on the bank. They vary as much on exchange rates in the states as Europe.
@LabGecko2 жыл бұрын
@@ShadyD365 interesting. That has not been my experience. I live in Europe.
@LabGecko2 жыл бұрын
@@ShadyD365 I started to explain then realized I'd don't want my financial details on fricking KZfaq, so you can take me at my word or don't.
@wouterm.47742 жыл бұрын
Hi Janek and Honsa, Thank you for this channel. We just went two weeks to Liberec, camping. Now I knew what to do at the ATMs. In our region cash was needed. Great channel! Love czech republic. Gr wouter
@maveric28812 жыл бұрын
Thanks Janek and Honza for making and sharing this vid! Really insightful and helpful when I plan to visit Czech some day 🙏🏼
@santiandres51773 жыл бұрын
I was amazed how everything was quoted so cheap in Prague.... When i got home my bank statement didn't look too pretty after this same dodgy ATM scam
@archibaldhaddock74502 жыл бұрын
Another thing about those ATM:s - as a foreigner you can only get large bills while a Czech citizen can get smaller bills according to a Czech person I spoke to. This is a problem since you only need cash to pay up to CZK 150. If you have CZK 500 or 1000 bills they have trouble giving you change.
@asdfhun2 жыл бұрын
That's why i always select that i'll specify the amount i'd like to withdraw. So if i would need 2000 CZK, i'd enter that i'll withdraw 1900 (so worst case scenario is i get 1000+500+200+200), if i'd need 500 i'd enter 450 or 550 (so i'd get 200+200+50 or 200+200+100+50, both are much better than a 500 bill).
@glondikeink21672 жыл бұрын
I cannot imagine how this would be done by ATM. It has the same buttons to press for everybody. I guess it must be what Honest Guide mentioned; not to press any big amounts but enter the smaller amount you want to withdraw manually. So foreigners can get smaller bills as well just need to read the screen carefully.
@archibaldhaddock74502 жыл бұрын
@@glondikeink2167 No - that is exactly what i tried. The menu system is interactive and one get different responses depending on whether a Czech or foreign credit card was entered. The person I discussed this with was taking parking payments at a site with no cell coverage meaning only cash payment was possible. For her it was a problem since all foreigners came with large bills and she was very aware of why.
@fgsaramago Жыл бұрын
@@archibaldhaddock7450 that happens here in Portugal. With nationalcards you get options starting at 20€ and up to 200€. You can select custom amount and go as low as 10€. With foreign cards they leave only the 100 and 200€ options, a well as custom where you can still insert that same 10€ amount
@drjihad862 жыл бұрын
You don't know how much money this video saved me in my second visit to Poland ...... Greetings from Germany 🇩🇪
@siavash676 Жыл бұрын
Back in 2018 I faced another type of ATM scam, and it was from a ATM located in a Hungarian bank in Budapest. It hijacked my card and wouldn't let me decline their high transaction and markup fees. So if I wanted my card back which I really did ( otherwise I would have had no money in the middle of the night in a strange country), I had no choice but to accept their fraudulent terms and lose 50 Euro to get 150 euros worth of Froint. Overall I had a mixed experience from visiting Hungary and I doubt I would ever go back.
@susan777510 ай бұрын
When I was in Hungary in 2014, I had no problems getting local currency with no fees.
@georgi9889Ай бұрын
Yes, I agree. Hungary is a 100% scammer country for sure and it is one of the overestimated countries in the world. Beautiful but has a serious dark side that I would put Hungary among 3rd world countries as rates of deceit and incompetence of local people. And top of their incompetence and deceit character of locals, they just don't care for you and discriminate everybody who is not hungarian. So, be extremely careful when there!!!
@TheRusticWanderer3 жыл бұрын
When I visited Prague and even nearby towns, I was paying directly by card to avoid exactly this issue with the ATMs you've mentioned except for when I wanted to eat the trdelnik and the kiosk only accepted cash but they were kind enough to round it off and let me pay in Euros. Loved how detailed you've made this video. Hope to bump into you guys on one of my Euro trips. Cheers!
@unnatidesai5894 Жыл бұрын
Just wanted to know what if the concerned shop owner or waiter at a restaurant swipes your card and accepts the payment without declining the conversion in your home currency thing?
@PWBERRETT3 жыл бұрын
Maybe what is needed is a map of "Ethical ATMS" i.e. ATM's from some of the major banks that do not engage in these kind of shady practices.
@g0reburger3 жыл бұрын
If you mean feeless ATM I don't think it exists. Every ATM will charge you somehow.
@georgeaziz36653 жыл бұрын
Agree 👍
@fil23373 жыл бұрын
There is! Look up "blank map of europe" and it will show you maps of all the ethical ATMs
@shywalker4043 жыл бұрын
@@fil2337 what other words ? if i use this in a search i get a litteral blank map of europe
@fil23373 жыл бұрын
@@shywalker404 Yeah, those are all the ethical ATMs
@uplink-on-yt2 жыл бұрын
When you said "conversion fee", I thought it may be comparable to the 2.95% currency conversion fee banks in the UK typically charge. But my eyes open really wide when I say the 12% figure. Suddenly, 2.95% is a good deal. I have cards that don't charge anything at all, though.
@masad.739 Жыл бұрын
There are many videos on this topic, but your video is BY FAR THE BEST!
@demopem2 жыл бұрын
Here's a rule of thumb: A bank, exchange service, on-line shop, or whatever, will never, EVER, suggest, recommend, or default to something that's in your favor, (and thus not in their favor). You should always go for the option they discourage.
@jirislavicek99542 жыл бұрын
Spot on! 👍👍👍
@57thorns2 жыл бұрын
But in this case my bank tells me that if they do the conversion, the rate is better. Because if someone else does the conversion, they also lose money.
@smallbeginning22 жыл бұрын
Not everywhere. I know my bank manager by name and sometimes he calls me to reduce my interest etc. In Australia, a lot of jobs praise you for being on the customers side. It keeps business.
@57thorns2 жыл бұрын
@@smallbeginning2 It is true in all business that repeat business is way more profitable than new customers, and that is based _only_ on the cost of retaining versus the cost of gaining new customers, not on what the customers pay you for services. Unfortunately very few companies believe the same when it comes to paying their employees, so you have to change jobs every 3-5 years to keep your salary competitive.
@dozog2 жыл бұрын
@@57thorns Right on. And additionally, banks are among the most dishonest type of business in the world. A "financial advisor" is just a sales person with false job-title on his card.
@thecompanioncube42113 жыл бұрын
Also, be extremely careful those agents who sit in a corner cubby offices who convert Euro cash in CZK cash. They'll show some conversion rate on a board (which changes by agent to agent BTW, and is always higher than international rates) they'll also hide the fees until the actual transaction happens. I got fucked by a guy who pointed at the fine print below the board saying the fees.
@Teporame3 жыл бұрын
Painful to say, but I was also tricked that way in Prague.
@mariashevyrova37303 жыл бұрын
next time you show them a banquote you wanna exchange and ask them how much money you gonna get- they must write it... it always works fo me
@krystianszal68962 жыл бұрын
Exchange points in tourist locations show higher "we sell rate" of EUR, USD, GBP at entrance doors what means that they sell at this rate and not buy to trick tourists who quite often have no clue of what is going on and when they buy or sell. Furthermore, they don't know proper exchange rate and could have no idea what the local currency is because they are money ignorants or do not care becasue they got money from their parents or another sponsors. The full board with buy and sell rate is usually inside but, still some morron tourists think that they will get higher rate even after they look at exchange rate board. In my opinion best option is to have multicurrency card, that is always recognised as lokal bank card in every country to avoid money exchange troubles. There is quite a few fintech companies providing such multicurrency cards and banking apps.
@corinnemcleod1804 Жыл бұрын
Great video i haven't been to Europe in over 30 years. Was just starting to look at setting up a new trip. Your videos are helpful.
@theProgrammerX9652 жыл бұрын
The smile on your place every time you got scammed seems hilarious! 😂 Anyway, I like your videos. You are doing a great job! Thank you.
@alestane23 жыл бұрын
The "no conversion" button still implies a conversion, which will be made by your bank, as mentioned in the second part of the video. Even if they do not charge you a fixed amount for that, they will still use a conversion rate that is a few percents, say about 2% (but it can be worse or better, depends on your bank) worse than the inter-bank rate of that day, so you don't save quite as much as said in first part of the video. Still, 2% is much, much better than 12% so the advice is certainly a good one. And those 2% or whatever you bank takes is also taken in any case even if you directly use your credit card.
@muffinb54463 жыл бұрын
Depends on your bank. If you travel you usually check this, but for many cards you pay 0% fees on conversions.
@alestane23 жыл бұрын
@@muffinb5446 Not really. They say it's 0% fees, and that's true, but they still use an exchange rate that is a couple of percents to your disadvantage compared to the interbank rate o the day.
@fgsaramago Жыл бұрын
@@alestane2 some banks do use the interbank rate with no fees addef
@habeashumor981411 ай бұрын
I'm really confused about what conversation versus no conversion means. Does conversion mean that it won't incur a foreign transaction fee? My bank charges those.
@9021001012 жыл бұрын
I honestly doubt that my midwestern but will ever see a country outside of the US...but I wholeheartedly thank you for this kind of information for people like me. The work you do is amazing and the videos are as much so if not more
@Turkey9362 жыл бұрын
Mate you have to, the world is so big with so many experiences you can't get in the US.
@LabGecko2 жыл бұрын
Agreeing with@@Turkey936 here. I'm American and it's amazing how insular and backward our American thinking is when we *only* see the US. Travel abroad, especially to Europe, should be a mandatory part of school.
@KingENDLESS2 жыл бұрын
@@LabGecko as an American, can confirm the rest of the world is CRAZY. I spent 2 weeks in China, 1 week in Germany, the culture around the world is so cool and different
@Deathhead682 жыл бұрын
Bro what are you doing!? You have to travel, it's one of the most mind expanding things you can do. I can't believe how many Americans never leave.
@witoldnapiorkowski26312 жыл бұрын
Agreed - that is sooo 20th century, Bro. As penance for ignoring the wide world so long, you now must travel to a different continent at least once per year, through 2025. If not, an ankle bracelet will be fitted....🤠😉🤠😉👍
@unknown_f27942 жыл бұрын
The value of your videos is beyond the amount of your followers!!! keep up the good work.
@barano97292 жыл бұрын
Thanks for the video. In the beginning made a lot of rookie mistakes. They might get me once but they’ll never get me again.
@lillywho3 жыл бұрын
So this is basically the same shady principle as those cookie banners employ: Trick you into intuitively pressing whatever they want through UI flow and design. On the cookie banners: Always hit advanced settings and manually uncheck everything! And look for what the buttons say, and not how attractive to click they look due to their choice of colouring.
@PokerAttack213 жыл бұрын
Also don't forget to look at vendors and uncheck "legitimate interest" which is basically just another way for them to get your info, like hell they have any legitimate interest in you. I have started to stop using some sites because they have way too many vendors that have to be unchecked individually. One i can think of is fandom.wikia which have video game information, one page for each video game.
@honzapat3 жыл бұрын
@@PokerAttack21 I believe they still are able to track you, because the law accepts "technically needed" which in turn means yes, its gonna be an auth token, but some tracking cookies will also slip
@LRM12o82 жыл бұрын
It's called "dark design patterns" and oh boy, is that a deep and nasty can of worms About the cookies: sometimes you can click on "advanced options" and turn everything off, but then there's no "save" or "apply" button anywhere to be found. Or it takes you to a different page for the cookie settings with no clear way to get back to the content page and if you just click the "back"-button on your browser, well it will take you back to the page you wanted to see, but then it'll ask for your cookie settings again! In both cases I'll immediately leave the page. Screw those guys who design such deliberately broken sites, no content in the world could be worth putting up with this!
@knoopx2 жыл бұрын
I just use adblockers, wish I could do the same in real life xD
@Nathanielnimtz2 жыл бұрын
I hope no one spraypaints the screens black (making the ATMs unusable) because that would probably be ILLEGAL and very bad for Euronet, an American company based in Kansas. Hopefully no one does that, ever.
@user-jt1jv8vl9r2 жыл бұрын
The one time I would agree with graffiti
@yzorgone2 жыл бұрын
that makes no sense. and is a bad idea.. you just would have stopped yourself from getting money from that place.. usually the ATMs are not everywhere. have fun walking to next one.. and you will make your whole neighbourhood angry..
@100brsta2 жыл бұрын
@@yzorgone hahaha
@warmike2 жыл бұрын
Just stick a sticker with a warning about the exorbitant fees
@Arch3r666 Жыл бұрын
Why spray when you can use a powerful magnet?
@arnebachmann54502 жыл бұрын
Just a Question: When I used to live in Prague in 2009 almost no one accepted card payment for small prices (like buying a metro ticket, a bread etc.) also outside the Old Town it was not common to pay with card (think of a pub in Zizkov). Did this change as well? Do you think you can really pay by card in most places; also thoose places outside the Old Town?
@The2wanderers2 жыл бұрын
I'm glad they have to tell you the rate and give you options now. The first time I encountered dcc was around 2004 in Ireland, and we just weren't given a choice...pay with card at a touristy place, and it applied their own rate (it was around 4% back then, still worse than my banks's 2.5%, but not the scam that 12.86% is.) I have always preferred large withdrawals, though, since there's usually a fixed fee, too.
@georgiancrossroads3 жыл бұрын
I often need cash to avoid too many charges by my American bank. So my rule when withdrawing, especially in Prague, only use the ATM of a good bank at that bank. Euronet should be avoided ALWAYS.
@stevevasta3 жыл бұрын
In the '00s, there were Citibank ATMs that didn't rip you off, and I'd use them. Don't know if they're still around -- the ones I knew aren't still there.
@ChrisTamayo3 жыл бұрын
Open up a Schwab account to use specifically for travel. You'll never look back.
@W2IRT3 жыл бұрын
Get a credit card with no foreign exchange fees. The higher-end Chase cards (Sapphire Preferred/Reserve) do this, along with my Barclay's Aviator Red Mastercard. And the nice thing with the Barclay's is that it offers true European Chip-and-PIN, so you can pay at kiosks. When I was in Prague I withdrew about $200 USD equivalent in Crowns from a bank lobby ATM (using local currency). Everything else was paid on my cards. Zero issues.
@burhanbudak60412 жыл бұрын
In Stockholm, I only found one Euronet* ATM. It was in the Westfield MOS building. There are at least 10 Swedish bank owned ATMs in the area that follows EU law yet tourist flock that one stupid ATM.
@seneca9832 жыл бұрын
As a minor nitpick, it's Euronet. Euronext operates stock exchanges.
@EdJonesVideos2 жыл бұрын
And in Stockholm! I have never, ever needed cash when travelling to Sweden
@Sorgesol2 жыл бұрын
@@EdJonesVideos As a swede it have been years since I last saw cash...
@SkylerLinux Жыл бұрын
It's because tourists likely recognize the Euronet ATM
@absolutium Жыл бұрын
@@Sorgesol It seems like you guys are really deep into the "project".
@januhlir78002 жыл бұрын
You should have compared exchange rates. Your bank and the ATM will use different ones and they can differ substantially. Best comparison would be to withdraw 10000 CZK with and then without conversion and then compare numbers from your bank statement. I did something similar couple of years ago and despite my dear Lloyds Bank charges me both fixed and perceptual foreign currency fee it was still cheaper without conversion solely because Lloyds offered much better CZK/GBP exchange rate then the ATM.
@bigboldbicycle2 жыл бұрын
It's good that the EU requires machines to display the conversion option with details, but they could go even further by capping the fees the machines are allowed to charge, eg to 10EUR per transaction, or set a maximum percentage allowed to be charged. 12% is ridiculous, 15% is day light robbery.
@defiantstone3193 жыл бұрын
Man this dude is really honest, he puts people first before the country.
@MrMajsterixx2 жыл бұрын
country ? those are american company ATMs nothing to do with country. its not easy for the state to do something with this neither, its on private property and those owners probably dont give a f if they pay a lot.
@Catandthespoon2 жыл бұрын
To be fair you can tell he's deeply patriotic and proud of his country and he just wants the best for it
@pitkamatka Жыл бұрын
Hi guys! I just wanted to tell you that even Bank Norwegian linked your video on their website! Keep up the good work!
@ReeceDee Жыл бұрын
I've travelled to Lisbon 25 times and we actively avoided the euro net machines....at least now I know why I got chills every time I went near one. 🤣
@Michallasz3 жыл бұрын
I had such a case in the Czech Republic a few years ago. Fortunately, my bank did not allow such a transaction and it rejected it.
@SteltekOne2 жыл бұрын
Same thing with PayPal (and some other online payment providers) BTW: If you want to pay for something in a different currency than your account is in, PayPal will offer to convert the amount for you. Always pick the 'no conversion' option to get your Bank's conversion rates and not the typically higher ones offered by the 3rd party!
@svenasmussen8745 Жыл бұрын
Pay pal actually has decent rates, but often the bamk will be better. But at least pay pal is not scamming you
@unnainconnu9098 Жыл бұрын
@@svenasmussen8745 PayPal takes 2.5 % if you choose their conversion rate
@antoinec3832 жыл бұрын
I discovered this trick in Mexico. I declined conversion as it looked bad to me and out a sudden the money came out. I spared at least 20€ anytime I was withdrawing money! In Mexico it's not euronet but the same process happen! Wish you all a safe trip!
@thunderspike1892 Жыл бұрын
In 1984 our guide asked us when eating breakfast if we wanted to exchange. He gave us a good rate and we got the money when eating dinner. A little safer doing the exchange on the street back then
@cyberleaderandy12 жыл бұрын
In the UK there are a lot of ATMs that charge to get money out in places like hotels, motorway services and some shops etc. Most people avoid them.
@KarryKarryKarry3 жыл бұрын
My bank apparently charges a fee of $4 for paying with my card in foreign countries. So the idea of just using my card gets ridiculously expensive and quick! Buy a $1 beer? Slap $4 on top for good measure! Turns out your own bank is also in the business of robbing you 😫
@Hunter_Bidens_Crackpipe_3 жыл бұрын
Have multiple banks, use each whenever it has better terms. One might put pointless fees, the other might have higher transfer limits and cheaper transfers.
@Kevin-fj5oe3 жыл бұрын
My card are multi-currency, but it will still has transactions fee since it use visa network.
@hollanderson3 жыл бұрын
Try N26
@sebykos3 жыл бұрын
Just get a fintech card like Revolut, Payoneer, Crypto.com etc, they give you better conversion rates anyway, and you have a lot more control over your card, you can freeze it, set limits, etc on the fly from your smartphone.
@garysheppard40283 жыл бұрын
Get a card with no international fees. There are quite a few around these days.
@xxPenjoxx2 жыл бұрын
The only reason I picked my current credit card is because of the offer of no foreign currency conversion fees. Thanks for all the other advice, this is so cheeky, surely you want foreign tourists to feel welcome and spend money, not feel tricked
@NackDSP Жыл бұрын
I remember my PIN using the letters on the keys in the USA. In Germany there were no letters on the keys, just the numbers. Very stressful knowing you will not get the card back if you enter the wrong PIN.
@mikew20683 жыл бұрын
Even though I don’t travel I love watching your content.
@monero_bully24122 жыл бұрын
Note the missing space between "includes" and "12.86%", making it harder to read.
@Rodhern2 жыл бұрын
It is almost like the designers assumed it would be one digit to the left and two to the right of the decimal point. Don't know why they would think so, ... oh wait, because that seems more reasonable maybe(?).
@monero_bully24122 жыл бұрын
@@Rodhern Nah I think they did it on purpose.
@IAMTALLBOY Жыл бұрын
Good stuff! Thank you so much for this. I will be in Prague in a few days. And I now know I can use my card for everything instead of pulling cash out. Much appreciated
@harryviking6347 Жыл бұрын
I was cheated in Thailand in a similar withdrawal there! Be careful! I wasn't used to the new system so I just pressed YES and got a terrible exchange rate!
@cutie15453 жыл бұрын
I fell in love with Czech republic the very first time I went there in 1997. Money exchange was one of the few issues at that time. It is a shame they still have this problem, otherwise beautiful country
@SkyblueAviation3 жыл бұрын
I just spent 3000$ in Europe while getting scammed by this ridiculous system, so glad I came across your video because now I finally know I'm not terrible at planning, the ATMs are the problem! 😂
@Ratselmeister2 жыл бұрын
Come to Germany. Our ATMs dont fool you. Like this of the other countries.
@MrMajsterixx2 жыл бұрын
@@Ratselmeister "this of the other countries" you mean the american company atms that are around whole EU from this video right ?
@Ratselmeister2 жыл бұрын
@@MrMajsterixx Yes this no bank atms. I have seen very, very few of them over here.
@anonym4512 жыл бұрын
This happened to me in Poland. But not just Euronet does that. Even alot of big banks, supermarkets, restaurants etc do it. It's one of the biggest things one has to be aware of while traveling in a country that uses another currency
@LemonThyme1933 Жыл бұрын
@@anonym451 Never use Euronet. I only use ATMs at Polish banks.
@worm35982 жыл бұрын
This video came in handy, I saw this before going on an international trip and I ended up having to use one of those atms. I looked at the stated amount they’d charge me if I went with the conversion, then I declined it. I saved almost $20 through this
@davidcookmfs69502 жыл бұрын
A friend of mine was teaching in Poland, and he went to Prague for vacation, and had this exact problem. It took a bit for him to pick up on it.
@pijesz3 жыл бұрын
Few years from now, you'll probably have to pay €1 to get your card back, even without withdrawing any money from it.
@alf30713 жыл бұрын
Omg
@pauloa.76093 жыл бұрын
Don't give them ideas.
@whatifschrodingersboxwasacofin3 жыл бұрын
You didn’t see him tap his card??
@kennethsrensen77063 жыл бұрын
STFU ... Do not give them any ideas ....... Yes it wouldn't surprice me if they suddenly started doing that .