ATM usage for Euros in Switzerland

Is there any fee disadvantage or exchange rate disadvantage to getting Euros in Switzwerland from an ATM machine. Better to wait till I get to Italy to make a withdrawal of Euros? Doesn't seem logical to expect a difference but thought I would ask. Thanks.

No data on Italy, and no recent data from Switzerland, but it used to be that the Swiss ATM and banks were all regulated on what conversion rates they could use. So, I always change my USD to CHF after I arrive, because the exchange rates are highway robbery at Travelex in the USA.

So, at first thought, I'd get my Euros in Switzerland if I were converting from CHF.

But,the second thought adds a puzzle.

If the funds have to go through a double conversion - that is, a first conversion to CHF from ( for example) USD or GBP. then a second conversion from CHF to Euros, before they spit out the money, that would be a double hit.

I don't know how to find out ahead of time. If you do, please post.

The Euro isn't the currency of Switzerland, but it is Italy's currency. To me it would make sense to get your money from an ATM in Italy, but I don't know the rates. That will mainly depend on your bank and the exchange rate of the day to your own currency.

However, most Swiss ATM's -especially those of the larger banks - will give you funds in CHF or in Euros from whatever your funds source - which, in my case is a bank in the USA. Before all the fuss about banks and FATCA, it was CHF, because I maintained a modest Swiss "checking" account at Post Finanz. No more.

Since UBS, CS, etc., have large businesses in foreign curencies, I'd hope thatthey would give a "bank rate + 3% or so" for a conversion from USD to Euros, even if their ATM is in Switzeland.

I guess the only way to find out is to do some experiments. ;-(

Slowdown, would sure like to know BEFORE I go? Hope someone will know. Thanks for your thoughts😃

Darn correcting words..I meant Slowpoke!

<<" 26posts: active memberMay 31, 2015 - 11:12 PMin reply to SlowpokeSlowdown, would sure like to know BEFORE I go?">>

So would I.

Fognorth, you can best check with your bank. They should be able to tell you the exact cost of withdrawing Euros from an ATM in either Switzerland or Italy. It's probably on their website too. The only surprise you have left then is the exchange rate of the day.