Are you traveling to Europe this summer and worry you might not have enough money with you while there? The simple answer, of course, is to use an ATM if you need immediate cash. Whoa! One problem you will probably encounter is that the machine may not take your standard ATM card (and no, it is not necessarily because you don't have any money in your account). Most European ATM machines use a different method for reading the card you use. The standard bank card in this country is swiped when using the machine and the machine reads the magnetic strip. European cards, called EMVs, also use a magnetic strip but, in addition, they contain a microchip that provides an extra level of security against fraud and scammers.
This should give you an overview of the problem in getting money from an ATM while abroad. It just might be a good idea to get an EMV card before traveling internationally. For a more complete discussion, see the Nerdwallet blog.
http://www.nerdwallet.com/blog/2012/traveling-emv-credit-card/
No comments :
Post a Comment