An ATM (GAB in French) is the cheapest money changer in France

The easiest way to carry money abroad is the same way you do at home: Simply use the ATM card linked to your home checking account to get local cash (euros) out of street corner ATMs.

If you're on the MasterCard/Cirrus or Visa/Plus networks—and virtually all bankcards are, whether your local system is called Mac or Star or whatever (look for the name and symbol on the back of the card)—then you will be able to get cash out of foreign ATM machines or cashpoints.

You can find banks near just about any major intersection in Paris. All of them come equipped with an ATM machine willing to spit out local cash just as soon as you stick in your bank card and enter your PIN.

If you have trouble finding one, just ask "ou é un distributuer?" (Technially, un distributeur automatique, but everyone knows what you're talking about with just the first bit.) Most are identified by a symbol of a little hand holding an ATM card.

Virtually all ATMs will accept a card from any of the major networks, so you really don't need the ATM locators provided by:

Why an ATM is the best way to get local currency

Creeping bank fees
I have heard that some American banks have begun charging a higher fee for international withdrawals. Sadly, many U.S. banks are also now charging an additional "foreign exchange" fee for withdrawing money abroad—even though it doesn't cost them a single cent (or euro) extra; it's just a way of stealing more money from you.

Ask your local bank before traveling to avoid a nasty surprise—and consider using a credit union or other bank that will not charge these kinds of fees.

You can get much more on this (and other financial issues) at the excellent financial planning site BankRate.com (bankrate.com) and at this wiki on FlyerGuide.com.
The reasons to use an ATM (over any other method of getting cash abroad) are legion.

There's no more in line at the bank window or at the local American Express office, handing over your passport in order to cash traveler's checks then forking over a commission of 10% or so. With an ATM, you just saunter up, stick in your card, punch in the PIN, and it spits out local cash, just like at home.

Best of all, the cash comes at a lower exchange rate and, unless your bank at home charges you for out-of-network withdrawals (most do, at $1 to $4; some smaller local banks and credit unions do not), there's no commission, as European banks have not yet hit upon this method of nickel-and-diming us out of that extra $2.

There are a few pointers to keep in mind when it comes to using a cash machine in Europe:

 

 

 



Web ReidsParis.com

 

ATMs (cash machines) look the same all around the world—even this one in Thailand—and any one that displays the stickers of all the major cards and networks will most likely accept your home bank card
ATMs (cash machines) look the same all around the world—even this one in Thailand—and any one that displays the stickers of all the major cards and networks will most likely accept your home bank card.