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    Where is the best place to exchange currency?

    As title

    24 Comments

    I found Post office quoted the best rates for Euros other day. Haven't order any yet, but just gave them all a call.

    tesco guarantee best rates

    octobergirl

    tesco guarantee best rates



    Plus you get clubcard points too if bought in store. Which is another bonus in a small way

    Marks & Spencer are usually good

    Original Poster

    octobergirl

    tesco guarantee best rates


    even better than the price quoted from bank?
    i thought bank will offer a better rate

    Original Poster

    if i dont want to carry too much euro cash
    is there any ways to substitute the cash during my trip?
    how does travel cheques work btw?

    Asda are doing £5 free when you change £500.
    I generally go to different Travel Agents in town and haggle.

    Original Poster

    anyone used cashpasspor b4?
    Is it good?

    Depends which currency you want, whether you want to do it on the high street or get it delivered and how much you want too. Best prob to just do a quick check on one of the exchange comparison websites and see which is the best for your circumstances. Every time I change cash it seems to be a different one depending on where you're going. Last time was travelex for me as it has a bit of quidco cashback availble too and just picked it up at the airport before getting on the flight.

    octobergirl

    tesco guarantee best rates



    is that a tesco promise? as there is a place in london (name escapes me) who give out some of the best rates i have seen.

    Banned

    juvtkl

    if i dont want to carry too much euro cash is there any ways to … if i dont want to carry too much euro cash is there any ways to substitute the cash during my trip?how does travel cheques work btw?


    best advice is to get a halifax clarity card and withdraw euros from a cashpoint

    hands down beats any cash exchange service as you get intra-bank exchange rates

    I got 1.15 euros last month in lanzarote and tescos were oferring 1.10 / post office was 1.09



    http://i280.photobucket.com/albums/kk173/csiman2/ScreenShot002.jpg
    Edited by: "csiman" 27th Apr 2011

    Travellers cheques are a good way of ensuring you don't spend what you haven't got and you can keep an eye on your spending....in my experience anyway. You just take them into bank/exchange bureau, sign them and get your cash. Most places don't charge commission abroad but some will so always check before you sign.

    We've used them for years...I know a card might be easier but we prefer this way and if they get lost/stolen you can get relacement - if you lose your card you're stuffed!

    juvtkl

    anyone used cashpasspor b4?Is it good?



    I just had one for our trip to Australia and had no problems with it at all.
    But remember every time you make a cash withdrawal you get charged a little commision. I only made one withdrawal on it and the rest of the time used it as a credit/debit card, which is free.

    csiman

    best advice is to get a halifax clarity card and withdraw euros from a … best advice is to get a halifax clarity card and withdraw euros from a cashpointhands down beats any cash exchange service as you get intra-bank exchange ratesI got 1.15 euros last month in lanzarote and tescos were oferring 1.10 / post office was 1.09


    I disagree. If you use the Halifax Clarity credit card to withdraw cash you'll have to pay interest on the entire outstanding balance @ 12.9% APR, you're better off just using it for purchases.

    Also the exchange rate they give you isn't neccessarily the best one. I recently used my Halifax Clarity card in Malta and it was at the same rate I got with Tesco (1.13):

    Halifax Clarity card:
    http://img863.imageshack.us/img863/8099/halifax.png

    Tesco money:
    http://img687.imageshack.us/img687/370/tesco.png

    Edited by: "flyingflea" 27th Apr 2011

    Banned

    luvvlychocolate

    Travellers cheques are a good way of ensuring you don't spend what you … Travellers cheques are a good way of ensuring you don't spend what you haven't got and you can keep an eye on your spending....in my experience anyway. You just take them into bank/exchange bureau, sign them and get your cash. Most places don't charge commission abroad but some will so always check before you sign.We've used them for years...I know a card might be easier but we prefer this way and if they get lost/stolen you can get relacement - if you lose your card you're stuffed!


    hence why both people should take a card each

    Banned

    flyingflea

    I disagree. If you use the Halifax Clarity credit card to withdraw cash … I disagree. If you use the Halifax Clarity credit card to withdraw cash you'll have to pay interest on the entire outstanding balance @ 12.9% APR, you're better off just using it for purchases.Also the exchange rate they give you isn't neccessarily the best one. I recently used my Halifax Clarity card in Malta and it was at the same rate I got with Tesco:Halifax Clarity card:Tesco money:


    I just set up a transfer to go into the halifax account when I was abroad

    total interest I paid was 33p

    cashpoints are far better than carrying €565 euros around! oO

    Banned

    scoff

    I just had one for our trip to Australia and had no problems with it at … I just had one for our trip to Australia and had no problems with it at all. But remember every time you make a cash withdrawal you get charged a little commision. I only made one withdrawal on it and the rest of the time used it as a credit/debit card, which is free.


    zero fee on a halifax clarity card withdrawal overseas

    unless you are exchanging thousands then it only makes a few pence difference wherever you go atm

    Banned

    boothy

    unless you are exchanging thousands then it only makes a few pence … unless you are exchanging thousands then it only makes a few pence difference wherever you go atm


    not true anymore

    e.g. Halifax debit card charges £1.50 spending penalty PLUS 2.75% fee PLUS cash withdrawal fee of £1.50

    so £100 withdrawn costs £6.75!

    CARDS FROM HELL

    moneysavingexpert.com/tra…ney

    HALIFAX CLARITY charges 12.9% per year and thats it so take £100 out and pay it back ASAP and you'll get charged 3.5p per day

    Edited by: "csiman" 27th Apr 2011

    csiman

    I just set up a transfer to go into the halifax account when I was abroad … I just set up a transfer to go into the halifax account when I was abroad total interest I paid was 33pcashpoints are far better than carrying €565 euros around! oO


    Do you mean you manually paid off the entire balance early?

    Fair enough if you don't use the card except for travelling but for people like me who use it for all purchases, spending £500-£1000 a month then this isn't feasible.

    As for carrying €565 around, I only carried what I needed for the day. The rest was in the safe at the hotel.

    Banned

    flyingflea

    Do you mean you manually paid off the entire balance early?Fair enough if … Do you mean you manually paid off the entire balance early?Fair enough if you don't use the card except for travelling but for people like me who use it for all purchases, spending £500-£1000 a month then this isn't feasible.As for carrying €565 around, I only carried what I needed for the day. The rest was in the safe at the hotel.


    I knew I was gonna need about £400-£500 in euros spending money so just set up a bill payment to be paid automatically towards the end of the week I was away.

    I just wouldnt like to have to wait in all day for tescos to deliver that amount and then risk losing it whilst travelling all day to my destination. 33p was a small price to pay for the convenience of just getting euros out the cash point as and when I needed some.

    you only pay interest on cash withdrawals, not purchases anyway.
    Edited by: "csiman" 27th Apr 2011

    csiman

    I knew I was gonna need about £400-£500 in euros spending money so just s … I knew I was gonna need about £400-£500 in euros spending money so just set up a bill payment to be paid automatically towards the end of the week I was away.I just wouldnt like to have to wait in all day for tescos to deliver that amount and then risk losing it whilst travelling all day to my destination. 33p was a small price to pay for the convenience of just getting euros out the cash point as and when I needed some.you only pay interest on cash withdrawals, not purchases anyway.


    When I went into my local Halifax branch to check to see if I’d pay interest on the outstanding balance if I made a withdrawal abroad, they told me I would but I guess they could have misinformed me. 12.9% APR on £1000-2000 for 60 days is approx £21.50-£43 worth of interest. As I said, paying my outstanding balance off before travelling isn’t feasible.

    As for waiting in all day for the cash, it’s delivered next day by 1pm. In my case I knew someone would be home to sign for it. The chances of losing the cash whilst travelling is negligable but in any case, my travel insurance would have reimbursed me if I did. Each to their own I guess.
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