Can you withdraw money on your credit or debit card at travel exchanges with chip/pin


#1 May 15th, 2009, 16:07
Join Date:
Dec 2008
Location:
United Kingdom
Posts:
24
  • annab1984 is offline
#1
rather than cash points when abroad?

I have a paranoia about my card being swallowed by the machines and me being without cash when I am there lol. I am going to India alone and this would be a nightmare!!

I am wondering if you can withdrawn funds by chip and pin at travel exchanges.

Going to take a few travellers cheques incase this happens but don't really like travellers cheques as I have had problems getting them cashed in the past.


Thanks

Only 3 weeks till I go!!!!
#2 May 15th, 2009, 22:01
Join Date:
Oct 2004
Location:
Chennai, India
Posts:
58,375
  • Nick-H is offline
#2
Do you mean money changers?

I don't think so.
#3 May 15th, 2009, 22:22
Join Date:
Oct 2006
Location:
Bombay
Posts:
268
Send a message via Yahoo to aviram
  • aviram is offline
#3
Anna,

I think your question is a little confusing but I'll attempt to answer it.

1. You can use our Debit card to withdraw money from any compliant ATM machine in India (any machine that is VISA, Master, Cirrus, Maestro etc. compliant). This means that you can visit most large banks' ATMs and withdraw money from there. You will be only charged a nominal transaction charge for using another bank's services.

2. You can use a Credit Card for shopping at outlets. You can ALSO use a credit card for withdrawing money from an ATM (same rule as above), but it will mean that you have made a cash advance. You will charged an exhorbitant interest rate of something around 22% a month on your advance. Not advisable, but CAN be done in an emergency.

3. At some tourist places, if there is no ATM where you can use your debit card, some shops may offer a swipe for cash service. So, you use your CREDIT CARD at their outlet as if you purchased something...but in reality...u don't. The shopkeeper deducts a commission and pays your what you swiped for in cash...and he then claims the money from your bank just like a normal transction. His gain is the small commission..yours is the convenience.

4. About your phoebia of losing your card to a card eating ATM, avoid using your card at smaller Indian banks' ATMs. Stick to CITI, HSBC, HDFC, ICICI, SBI, AXIS for your withdrawals. Here, if your card doesn't work for some reason, it will be returned to you and not retained in anycase.

Hope this was useful...

PS: I had also sent a PM to you a few days ago, about my trip to ladakh in september (in response to your thread looking for a travel partner), but you didn't reply...may be you can now
"I cannot see the plains without a shudder...O God not the plains..not the plains."
Last edited by aviram; May 15th, 2009 at 22:25.. Reason: Mistake
#4 May 15th, 2009, 23:14
Join Date:
May 2003
Location:
Northern California
Posts:
5,360
  • wonderwomanusa is offline
#4
Aviram, that was very well said!
The map is not the territory. --Alfred Korzybski
#5 May 16th, 2009, 00:39
Join Date:
Mar 2009
Location:
Delhi/Dehradun
Posts:
8,988
  • delhiwala is offline
#5
Very good reply by aviram, may be except this:

Quote:
Originally Posted by aviram View Post About your phoebia of losing your card to a card eating ATM, avoid using your card at smaller Indian banks' ATMs. Stick to CITI, HSBC, HDFC, ICICI, SBI, AXIS for your withdrawals. Here, if your card doesn't work for some reason, it will be returned to you and not retained in anycase.
In India now an ATM Card holder can withdraw money from any bank's ATM without any charge. This has resulted in heavy increase of inter bank ATM usage, and I have seen that notices have propped up at all ATMs that captured cards of other banks' will be destroyed and not returned to the user.
The real voyage of discovery consists not in seeking new landscapes, but in having new eyes - Marcel Proust
#6 May 16th, 2009, 18:04
Join Date:
Oct 2004
Location:
Chennai, India
Posts:
58,375
  • Nick-H is offline
#6
...Foreigners are often charged by their own bank for overseas ATM usage.

Debit cards can often be used for shopping too. I've even used PIN&CHIP (ie you have to enter your PIN into the card machine to confirm the transaction).
#7 May 16th, 2009, 18:28
Join Date:
Oct 2004
Location:
Ottawa, Canada
Posts:
741
  • Casey is offline
#7
I usually bring my debit card and my credit card. I have always been able to get advances on my credit cards, even in pretty small places. They charge a commission but really it's not that much. What I do is then transfer the money immediatly to my credit card and avoid paying any interest.
#8 May 16th, 2009, 18:36
Join Date:
May 2008
Location:
Back in Jolly ol' Blighty!
Posts:
8,250
  • Haylo is offline
#8
Some ATMs don't take your card all the way in - look for machines that have a card slot with two semicircles cut out in the centre, to allow you to take your card back.
______________________________ ______________________________ _________________

The world is mud-luscious and puddle-wonderful - E.E. Cummings, poet (1894-1962)

My India Photos Re-Entry Permit from: UK & USA ~ MHA Tourist Visa FAQ ~ MHA Employent & Business Visa FAQ ~ MHA Student Visa FAQ ~ MHA Entry Visa FAQ .
#9 May 16th, 2009, 19:13
Join Date:
Mar 2007
Location:
Switzerland
Posts:
2,506
  • atala is offline
#9
Quote:
Originally Posted by annab1984 View Post
Going to take a few travellers cheques ... but I have had problems getting them cashed in the past.
I always take a few hundred Dollars or Euros in cash with me for this case, that if I am stuck without money, or if there is a bank-holiday, a strike, or I am stranded out in a village without bank-access, or in a stopped train, or ... , ...

Even in a remote village you will find someone who will give you Rupees for Foreign Exchange.
#10 May 16th, 2009, 19:31
Join Date:
Feb 2009
Location:
SOUTH AFRICA
Posts:
6
  • anillakha is offline
#10
I Toured The Jammu And Kashmir 2 Weeks Ago. I Took Along Dollars And Had My Credit/debit Cards With Me. I Found That The Banks And Money Changers Wanted To Much Commission. I Used My Cards To Draw Out Cash All Over India And It Was And Painless.

Similar Threads

Title, Username, & Date Last Post Replies Views Forum
Help, No uk debit card options Apr 13th, 2008 22:56 4 1033 Indian Railways
How can i book trains with my Visa Card??? I have no other credit card Feb 16th, 2008 05:49 16 3494 Indian Railways
Credit and Debit cards Dec 17th, 2007 08:05 36 7905 Packing Tips for India travel
Chip & Pin in India? May 28th, 2007 13:32 11 2782 Packing Tips for India travel
The best UK debit card to use? Apr 7th, 2005 21:01 4 1851 Chai and Chat


Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forum Rules»
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Thread Tools
Display Modes

Search Engine Optimization by vBSEO 3.3.2
© IndiaMike.com 2014
Page Load Success