Managing money whilst abroad

Discussion in 'Continental Touring' started by Bryan, May 5, 2010.

  1. Bryan

    Bryan Read Only Funster

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    Hi,

    I've often wondered what motor-homers who go to Europe for an extended holiday do about managing their money.

    Do you take a load of sterling and hide it under the mattress, exchanging as you need?

    Do you take a load of Euros and stash them under the bed?

    Do you take a credit card and use cash machines over there and pay the balance from your UK current account each month?

    Or something else???

    Just curious :Smile:

    Bryan

    (You can PM me if you don't want to post on open forum :BigGrin:)
     
  2. Forestboy

    Forestboy Funster Life Member

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    Hi Bryan

    We use credit card 1st and debit cards if we have too, cash machines and banks. Manage every thing on line never had a problem yet in 4 years and 4 different continents.
     
  3. vindiboy

    vindiboy Funster

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    Nationwide Debit card ,great,get money from hole in the wall, 300 Euros daily limit, no charges, and great exchange rate,also good for general purchases, again no charges and good exchange rate, works for us, Simples.:thumb::thumb:
     
  4. staging lady

    staging lady Funster

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    I used to be keen on travellers cheques unti I went to France 18 months ago.

    I had real problems trying to change them. The bank sent us to the post office and the post office then sent us to the bank.:Doh: So I gave up!:Sad:
    Now it's atms
    Lucille
     
  5. Road Runner

    Road Runner Read Only Funster

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  6. neilmac

    neilmac Read Only Funster

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    Another Nationwide user here :thumb:

    Just draw cash as required, works a treat :Smile:
     
  7. Douglas

    Douglas Read Only Funster

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    I second this with just one modification, Nationwide pass on any charges that if the bank you make the withdrawal from to you, however its still the cheapest way of turning you Pounds into Euros, use your debit card to draw the cash from the ATM and any card you want to pay the bill directly.

    OH! and by the way, now is a very good time to go to the continent, the Euro has dropped to E1.15 to the Pound!!!

    Doug...
     
  8. vwalan

    vwalan Funster

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    depends were you are going of course .travellers checks useless. credit and debit cards can sometimes beeaten by the hole in the walls . pounds can be changed most places .buy euro at port is sometimes ok. this year we were broke into near valencia lost about600 euro from wallet and cards taken.banks would not send new cards or let family memberpick them up from bank and post restonte. luckly had cash and friends to sub from. with out expensive wireing money could have been stuffed. have seen many in maroc lose their cards in machines .by the time you get into the bank the cards have been spoilt.
     
  9. vindiboy

    vindiboy Funster

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    Sorry to hear that you were broken into Grand Djalaba, we always make sure that the bank where we use a hole in the wall is open,in case the card gets eaten by the machine, but so far in ten years no problem. :thumb::thumb:
     
  10. MikeandCarolyn

    MikeandCarolyn Read Only Funster

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    We've been 'doing' Europe by car for last 20yrs-can't see that Motor Home is much different-we take some euros with us for cash purchases,but use cards most of the time for fuel,meals,supermarkets etc. Been lucky so far,and not had any problems-oh,in Paris once I tried to pay for a suit with a debit card and the tailors terminal was not working (he said) so I got cash from ATM :Smile:
    We're of next week in M/H will do the same,but take more Euros cos we going for longer than usual.

    Mike.
     
  11. lebesset

    lebesset Read Only Funster

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    I keep hearing about the great rate that nationwide give you , but what is it ?
    most card providers give you the rate provided by the card company , eg if it is branded visa , you get the visa rate

    what do nationwide do ?
     
    Last edited: May 5, 2010
  12. vwalan

    vwalan Funster

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    best laugh is in europe we hardly get asked for the pin .they just seem to swipe cards .cards good for garages supermarkets like others have said.
    hi vindy, thought i had told you about it.any plans for next winter,need sun this winter .there as been talk of some going to the sinia good for snorkeling etc.
    insh allah buslemma. grand djelabah
     
  13. 656

    656 Read Only Funster

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    Same here, never had a problen :thumb:
     
  14. 656

    656 Read Only Funster

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    You get the bank rate on the day you use the card. One day you may get 1.16 the next 1.19, NOT the tourists rate which is always a couple of points or more lower.
     
  15. ralph-dot

    ralph-dot Read Only Funster

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    Debit card for most transactions (usually with no commission and better exchange rate), some Euros and credit card if required as a last resort
     
  16. gillr49

    gillr49 Read Only Funster

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    Another vote for Nationwide, never had any trouble:Smile::Smile:
     
  17. ralph-dot

    ralph-dot Read Only Funster

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    Doesn't have to be the Nationwide, your own bank may be as good check with them. I use two banks both as good as the Nationwide abroad.
     
  18. vwalan

    vwalan Funster

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    but dont loose your cards or get them stolen when abroad.
     
  19. ralph-dot

    ralph-dot Read Only Funster

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    or leave them in a bar, but the Yorkshire bank looked after me anyway.
     
  20. smifee

    smifee Read Only Funster

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    Before going to France for 6 months when the pet passport scheme started in 2000 I did a lot of research into the cheapest way to get cash & make purchases.

    Nationwide Flex Account Visa Debit card was, at that time, the only card in the world that did not make a charge on cash withdrawls and purchases. I checked the rate we were getting by looking on the BBC interactive/text and it was always the 'Pound Rate' not the lower 'Tourist Rate'.

    I believe that there are now cards that offer charge free cash OR purchases but haven't seen any that do both.

    Come on ralph-dot let us into the secret - who are the other 2 banks?
     
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