Skip to content 
Withdrawing money from an ATM is very easy and regardless of the owner bank, you can use an ATM to withdraw money anywhere in the world.
Despite using credit or debit / prepaid cards both in shops and for online purchases, many cardholders, ignore how to use their cards to withdraw cash, both in their own country and abroad.
Traveling abroad, in some countries, withdrawing money from an ATM, and paying cash could be more practical and economically convenient.
Table of Contents
Withdrawing money from an ATM is very easy and regardless of the owner bank, you can use an ATM to withdraw money anywhere in the world.
Despite using credit or debit / prepaid cards both in shops and for online purchases, many cardholders, ignore how to use their cards to withdraw cash, both in their own country and abroad.
Traveling abroad, in some countries, withdrawing money from an ATM, and paying cash could be more practical and economically convenient.
Table of Contents
Why is convinient to use ATMs when traveling abroad
Nowadays, ATMs are a valid alternative to credit/debit cards.
In many countries, such as Italy, cash payment is still frequent and withdrawing money from an ATM could be the best solution to get cash at the best exchange rate.
Each international withdrawal using a credit/prepaid card generally has costs but there are international conventions between sister banks that make it possible to eliminate transaction costs and obtain the best exchange rate.
To encourage the usage of prepaid cards for payments abroad and to meet the needs of those who travel abroad, some cards lately focus on fixed and advantageous exchange rates.
If traveling to Rome, or in general to Italy, read our post and save money on commission fee and exchange rate.
Can I use my debit card to withdraw money from an ATM?
Almost all prepaid cards are enabled for withdrawal within countries that are part of the European Union. If you own a MasterCard or Visa you can withdraw money from an ATM all over the world.
Withdrawing with a prepaid card is a very simple operation that takes place according to the usual methods already used for withdrawal with a classic ATM card. With a little bit of practice, you’ll get the hang of withdrawing money from your account in no time.
How to withdraw money from an ATM machine
If you have an ATM card or debit card linked to your bank account you can withdraw money from an ATM at anytime; they operate 24/7.
ATMs may differ slightly from bank to bank but the process is always the same.
Before you insert your card make sure there are no prying eyes around you.
Then: insert your card, enter your PIN, enter the amount and then wait for the ATM to give you your cash and a receipt. Last but not least Remember to collect your card.
Is there a withdrawal limit for ATM?
The limits set for withdrawing money from ATMs are different from bank to bank. Prepaid cards have a maximum withdrawal limit. In Italy, using a basic version, you can withdraw up to 500 €. You can withdraw more if you own a Gold/premium version of the same card.
Depending on the card type, there is also a daily withdrawal ranging from € 500 to € 2,500.
Before Travelling abroad, it is advisable to notify the bank, check the limits for withdrawing cash from an ATM and request any extension. Last but not least, don’t forget to recover your PIN
How to withdraw money from atm using a virtual debit card
Among the various types of prepaid cards, there are also virtual cards.
Virtual cards work just like regular physical cards but draw on a digital wallet instead of a real one. Protected by encryption, you can use virtual cards to make in-store or online payments using your smartphone. By creating a link between your virtual card and the real one, you can withdraw money from an ATM using the physical card but drawing from your virtual account.
For more information, contact the financial institution or bank associated with your physical card.
Start Planning your Italian Getaway
Work with us to arrange your trip to Rome and beyond.
Come and join us at Olive Tree Hill.
We will deliver you a unique and unforgettable experience.
