Exchange rates?

H

Harmani

New Member
Hi just wondered if anyone new if it was better to change money money into euro's here in UK or wait till in Ibiza? dont know what the rates are like at mo. :?:
 
Harmani said:
Hi just wondered if anyone new if it was better to change money money into euro's here in UK or wait till in Ibiza? dont know what the rates are like at mo. :?:
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I usually take about 150 euros and get the rest out when i need it from cashpoints in ibiza..

doesnt cost much and theres no chance of you losing it or it going missing..
 
I do the same, a few euros to get by and then cash card. Nationwide accounts dont charge for using their card abroad, so your only charge is from the spanish bank, which is £2 at most. Most UK banks charge for using their card abroad, usually around 4-5% of the transaction, limited at around £4. So this including the spoanish bank charge will cost you around £6-7 per withdrawal. Seems a lot but put into context, if you make 3 or 4 large withdrawals it'll cost you ~£20, when you'd pay loads more commision on travellers cheques. I set up a nationwide account just for this purpose.
 
Thanks for your help. Only problem is I dont have a card that i can use abroad. suppose i can get one easy enough though, i dont dont go for a coupple o months. any idea what the best bank is to use?
 
As Alex quite rightly said Nationwide is the best one because they dont charge to withdraw money abroad.
 
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