Travel Tip: The Airport ATM

January 27, 2015

We are distressed to learn about a new trend at airports in Europe.  Nearly all the European airports are taking out bank sponsored ATM machines and replacing them with ATM machines operated by currency exchange company Travelex.  There is no charge to use the Travelex machines, but the exchange rate is less than ideal compared to a bank ATM.  Travelex regularly pays out 10% to 11% less than the going exchange rate.   In light of this trend, it is wise to prebook transportation from the airport that is either prepaid or takes credit cards and then wait until you get to the hotel to find a bank ATM.