|Subject: Limits on ATM withdrawals in Italy|
A friend of mine asked me the following question. I think I know the answer, but I want to see if I am correct.
He and his wife are renting an apartment in Rome with another couple. His total cost for the apartment will be around 2000 to 3000 euros. Assuming he has enough money in his checking account to cover this and other expenses (he avoids credit cards), can he make a lump sum withdrawal or is there a daily limit? He plans to buy traveler's checks which he knows will cover the amount.
My understanding is that there is no limit as the ATM checks your American account to insure that there are sufficient funds. Am I correct, and have any of you actually made a large withdrawal (or, conversely, found yourself against a daily limit)?
Thanks in advance.
Ira H. Bernstein Dallas, TX