taking money abroad

Discussion in 'Motorhome Chat' started by Clive17, Oct 25, 2012.

  1. Clive17

    Clive17 Read Only Funster

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    Hi can anyone tell us the best way to take money to Spain as we are going for 3 months in December i.e travellers cheques?

    thanks

    Clive
     
  2. buttons

    buttons Funster

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    Edge your bets cards cash and T cheques if you think you will need them. I would just take a debit and credit card with some cash. You will have to look around for the best deals.
     
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  3. gozomike

    gozomike Funster Life Member Life Member

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  4. scotjimland

    scotjimland Funster Life Member

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    Forget travellers cheques.. you lose at both ends.. and they are a pain to cash in..

    I've only ever used my bank debit card .. lifting cash only for pocket money .. everything else on the card.. never had a problem.
     
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  5. Brisey

    Brisey Funster Life Member

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    A small amount of cash and a loaded Caxton Card works well for us. We had no problems using the Caxton Card in Spain last year. We used it to pay for shopping, fuel and campsite fee's.

    Brisey.
     
  6. Viennese

    Viennese Funster

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    We take

    Caxton cards, which can be topped up, and 'no foreign fee' credit cards. Mine is a Halifax Clarity card.

    Catherine
     
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  7. scotjimland

    scotjimland Funster Life Member

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    Forgive my ignorance..


    but what 's the benefit of a Caxton card over a Bank Debit Card ?
     
  8. icantremember

    icantremember Funster

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    Credit / debit cards, a small amount of local currency and a Caxton preload card .... the only problem I find is that the Caxton is not accepted at most French auto tolls or at unattended fuel stations where you put your card into the pump.
     
  9. keith

    keith Funster

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    Isn't it the fact that Caxton card don't charge you for using ATM's, whereas bank debit cards do have some charge, either by a fee or an exchange rate penalty?

    Gone are the heady days of Nationwide fee free cards at international exchange rates. :cry:

    Unless you live "up North" and can get a Cumberland B S bank card, they don't charge us or massage the exchange rate. :thumb:
     
  10. WynandJean

    WynandJean Funster

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    Another vote for Caxton from us. :thumb:

    Simple, straightforward and no charges.

    Wyn
     
  11. Chris

    Chris Funster Life Member

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    Thing is with Caxton and similar they might not make a charge but they offer lower exchange rates than most high street banks in my experience.

    The benefits are therefore marginal I suspect.
     
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  12. Pikey Pete

    Pikey Pete Read Only Funster

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    The Norwich and Peterborough B.Soc. ( part of Yorkshire B.Soc.) offer a charge free DD card, which uses the latest Bank Exchange rate, if you pay in at least £500pm or keep a min. balance of £3k.

    They have a full Internet Banking.


    Pete:Cool:
     
  13. scotjimland

    scotjimland Funster Life Member

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    Honestly I can't recall Keith .. but while travelling in France and Spain for more than two years I only used the Coop Bank Debit card and lifted Euros for pocket money ..

    I like to keep things simple.. I'm sure Caxton don't do it for nothing
     
  14. buttons

    buttons Funster

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    I was going to ask who pays for the service, you have probably answered that.
     
  15. Jaws

    Jaws Funster Life Member

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    A little cash and a Post Office credit card is the way we go.. No charges for transactions outside the UK
     
  16. keith

    keith Funster

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    Never been very impressed with the P O, their exchange rates over the counter are very poor, so are they any better if you have a card from them?

    Caxton today are exchanging at €1.2160 to the £, so that's how they get their money as at present it is €1.2448
     
  17. Chris

    Chris Funster Life Member

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    That's the point I was making. Whats that about 2% less?

    As i said earlier Caxton v debit card is pretty marginal.
     
  18. Jill

    Jill Funster

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    Three weeks ago (after visiting Money Saving Expert to check out best rates) I ordered £250 in Euros from HSBC online. I think they gave me 1.22 to the pound which was the best on offer at the time (for such a small amount). I also took a Halifax Clarity and that was all.

    I did get a Caxton card back in February for my skiing trip but tbh I get easily confused with too many choices. I did bring it with me (unloaded) in case I needed it in an emergency as the beauty of it is you can top up anytime with your mobile. :Smile:

    I was under the impression that normal debit cards charged you a fee from withdrawing cash abroad and a conversion fee when used in payment.
     
    Last edited: Oct 25, 2012
  19. scotjimland

    scotjimland Funster Life Member

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    prompted me to check what the Coop charge

    Q:
    What's the charge for withdrawing cash from abroad?

    A:
    We currently charge a 2.75% conversion fee, plus 2.5% or £3.00. From 1st July we will charge a 2.75% conversion fee, plus 3% or £3.00 whichever is the minimum cash advance fee.

    Q: Do I get charged for using my card abroad?

    A:
    For using your card to buy things in shops while you're overseas, there's a 2.75% commission charge on every purchase. This is for converting the foreign amount into pounds, and it'll be included in the total transaction when it shows on your statement.

    When you use your card to buy currency or travellers cheques, or to draw money from a cash machine abroad, you'll also be charged 2% of the amount withdrawn (minimum 2 pounds) for each transaction you make. These charges will show separately on your statement as 'Visa charge'.
     
  20. Snowbird

    Snowbird Funster Life Member

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    I used to carry cash in sterling since the Nationwide stopped doing free withdrawals at ATMs. But for sometime now have used the Nationwide credit card for purchases such as fuel and provisions as they give a good rate and no charges as long as you pay the bill in full at months end, which I have set up by DD. I also have a pre loaded Caxton card for Europe which I load through the year when the exchange rate is good and a Caxton Worldwide pre load card for when am outside of Europe. I only use the Caxton for drawing cash abroad from ATMs, this way I don't have to pay for the privilege of spending my own money.
     
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