Money

[Leigh]

Can someone please help.....
I have just been advised by my bank that I get charged quite a lot if I use the cashpoint machine whilst abroad...
Does anyone happen to know what the charge is in the banks if I bring Travellers cqs and exhange them as and when? Also , would I be better off with Euro or Sterling Travellers Cqs??

Help appreciated...

[Guest]

This q. always generates lots of arguments but what I do now is bring loads of euros and stick it in the safe in the apt.

[Alex Guest]

I often use my card abroad and have been advised by my bank Royal Bank of Scotland that the charge is 2.25% and the maximum is £4 on any transaction.The banks usually give good exc rate on the day therefore if you do not wish to bring euros this is a viable option.I am arriving on Saturday 21 June and this is my paln

[kteee]

I always use the cash machines and don't find the charges prohibitive normally £2 or £3 for each withdrawal.

[Peter Belinfante]

It's time that GB get's the Euro! and does the same as the Dutch banks!. The Dutch Banks don't charge a cent when you withdraw from an ATM abroad!

[kteee]

I don't want to get into a political argument, but I would rather pay the commission and stay out of the euro.

[biffa]

I think cash card is best. Quite safe as no wads of cash or travellers cheques to lose or get pinched!

I have just checked my last statement and Lloyds charge me £1.50 per withdrawal and give the correct rate on the day. Thus best to draw the maximum each time.

Beware though as in high summer machines often run dry!!

[Leigh]

mmmmmmmmmm

Thanks for all those...seems that most people favour the cash machines!!
It was my original option until the charges put me off...2.75% conversion charge then a 1.5% handling fee!!!.
I did think about the travellers chqs but the thought of queing in the bank does not appeal to me with the blazing sun outside !!!!!!.
I think they are going to weigh up the same anywayso will stick to the atms....

Thanks all...

[bica]

Just to add to the confusion - Perhaps a change of bank is needed - I always use ATM's when I travel and find that the good exchange rates often cancel out any charges.