HOW EURONET ATMS TRICK YOU AND USE AN AWFUL EXCHANGE RATE -- True Guide Budapest

In a previous video I told you that - because Hungary does not yet use the Euro - you will have to change money in Budapest. I showed you several dos and don'ts of doing this. You might be asking yourself: "Why not just take out money from an ATM using my home bank's card?" Well, in this video, I will show you how the Euronet network of ATMs (those that you will see everywhere in touristy areas of Budapest) will try to cheat you with several tricks. Be careful with them! In this video I tell you what to do and what not to do!

Two tricks in particular:
(1) Euronet ATMs want you to take out way too much cash, much more than you will need!
(2) They let you choose whether to be charged in Hungarian Forints or in your home currency for the withdrawal and will try to convince you to use their conversion rate!

Bottomline:
Whenever you are offered "with conversion" and "without conversion" you should ALWAYS choose the "without conversion" option!

My tips:
(1) Don't take out too much cash!
(2) Do NOT choose "with conversion"!
(3) Avoid Euronet ATMs
(4) Use bank affiliated cash machines instead

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I am a proud local Hungarian living in Budapest.
I was born and have lived in this beautiful city, Budapest for decades. I am in love with it - and not because I haven’t seen anything else. I am a seasoned traveller and I have also spent many years living abroad. However, my heart (and wife, and jobs and goulash soup and lángos) have pulled me back to my birth town. I love this city and know it inside out.
If you are fed up with the formal (and often wrong) recommendations of guide books, then follow my channel to find advice from a real local. I give you practical tips, show you cool spots and help you avoid tourist traps.

I live and love Budapest, I want to share my tips with you.

Видео HOW EURONET ATMS TRICK YOU AND USE AN AWFUL EXCHANGE RATE -- True Guide Budapest канала True Guide Budapest