Is a multi-currency card (Revolut, Wise, N26) always cheaper?

Usually, yes — they pass through the interbank rate with a small markup (0.3–0.8%) and no foreign ATM fees up to a limit. Check the fair-usage caps before a long trip.

What about paying in EUR on a US terminal?

That is Dynamic Currency Conversion. The terminal offers to charge you in euros using the merchant's rate, which is typically 4–7% worse than the card network rate. Always decline and pay in the local currency.

Card payments, ATMs or cash: what does a dollar really cost Europeans?

Oct 10, 2026EUR-USD

A €100 dinner in New York shows up on your statement as anything from $108 to $116 depending on how you pay. This article maps the cost stack for the three most common channels.

Card payments (Visa / Mastercard)

Network rate (usually close to mid-market) + issuer margin (0–3%) + possible dynamic currency conversion (DCC) trap. Always choose to pay in the local currency (USD) and decline DCC — the merchant's rate is almost always worse.

ATM withdrawals

Local ATM fee (often $3–5) + your bank's foreign withdrawal fee (0–€5) + card network margin. A single €200 withdrawal can cost €5–15 in total fees. Withdraw larger amounts less often, or use a fee-free travel card.

Cash brought from home

You pay the spread at your home bank or exchange bureau before you leave. Spreads of 3–6% are common. It avoids foreign ATM fees but locks in a rate days in advance — if the dollar drops, you lose.

FAQ

Is a multi-currency card (Revolut, Wise, N26) always cheaper?: Usually, yes — they pass through the interbank rate with a small markup (0.3–0.8%) and no foreign ATM fees up to a limit. Check the fair-usage caps before a long trip.
What about paying in EUR on a US terminal?: That is Dynamic Currency Conversion. The terminal offers to charge you in euros using the merchant's rate, which is typically 4–7% worse than the card network rate. Always decline and pay in the local currency.

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