Is it better to change euros here or in Italy
Last time I had some Euros from the previous year so did not exchange any
Euro Question
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Started by Mark203 in Ski Chatter 14-Jan-2010 - 109 Replies
Mark203 posted Jan-2010
Corrasello
reply to 'Euro Question' posted Jan-2010
Take a small amount to get you by on arrival,then use a debit card in the local ATM.You get a better exchange rate than any bank/hotel etc and usually only get charged £1.50 per transaction-so work out your spendos for the week and bobs yer uncle.Been doing this for years and have yet to hear a better way,Steve.
Powderhounds of the world unite.
Getjim
reply to 'Euro Question' posted Jan-2010
corrasello wrote:Take a small amount to get you by on arrival,then use a debit card in the local ATM.You get a better exchange rate than any bank/hotel etc and usually only get charged £1.50 per transaction-so work out your spendos for the week and bobs yer uncle.Been doing this for years and have yet to hear a better way,Steve.
The £1.50 only applies to purchases on the card. If you withdraw cash from an ATM you'll be charged the £1.50 plus a percentage of the cash withdrawn. Some banks charge 3%!!
Have a look at Martin Lewis' website http://www.moneysavingexpert.com/travel/cheap-travel-money for the best advice.
Corrasello
reply to 'Euro Question' posted Jan-2010
No no no, the charge you mean is for using a credit card in an ATM.I mean using a switch/delta debit type,no % charge at all.I have been doing this for at least 6yrs and in Italy,never been charged more than £1.50 per transaction,sometimes no charge at all- Banco Lombardia in Livigno comes to mind.
Powderhounds of the world unite.
Gdbn
reply to 'Euro Question' posted Jan-2010
Probably better to exchange before you leave - that way you only pay the charge once.
The exchange rate from an ATM will be worse than at home plus if you pay £1.50 per transaction then you are losing 3% on 50 quid or 1.5% on 100.
G
The exchange rate from an ATM will be worse than at home plus if you pay £1.50 per transaction then you are losing 3% on 50 quid or 1.5% on 100.
G
Edited 1 time. Last update at 14-Jan-2010
Getjim
reply to 'Euro Question' posted Jan-2010
MSE web site has a list of 28 UK banks and all of their charges for use of debit cards. All but one charge a fee plus a percentage for cash withdrawls.
Corrasello
reply to 'Euro Question' posted Jan-2010
You guys must use even more money grabbing b*****ds banking companies than me as I can assure you of my previous posts.I use a Halifax card cash visa electron,the same one that Ryanair dont charge for using and the very reason(the only reason)I opened this account for.You dont get charged for using an ATM at home and its the same abroad,apart from the handling fee of £1.50.I suggest you get one before your next trip.
Powderhounds of the world unite.
Peakmonster
reply to 'Euro Question' posted Jan-2010
Check with your bank to find out the rate on debit cards as they all differ.
If you have a nationwide current account they just charge you the interbank rate only so cheap for us.
Do not use credit cards as these rip u off
have a look on moneysavingexpert as i think there is plenty of guidance on this.
http://www.moneysavingexpert.com/
If you have a nationwide current account they just charge you the interbank rate only so cheap for us.
Do not use credit cards as these rip u off
have a look on moneysavingexpert as i think there is plenty of guidance on this.
http://www.moneysavingexpert.com/
Topic last updated on 04-November-2010 at 13:42