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  • FIRST POST
    • wiggywoo9
    • By wiggywoo9 14th Oct 16, 11:00 PM
    • 414Posts
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    wiggywoo9
    0 WOW
    Icelandic Krona- travel money?
    • #1
    • 14th Oct 16, 11:00 PM
    0 WOW
    Icelandic Krona- travel money? 14th Oct 16 at 11:00 PM
    Hi I need some advice on spending in Iceland. I have a TSB credit card and debit card, plus a FairFX card. What would be the best way to spend whilst over there? As its not Euros, I'm a bit lost!
    Up and onwards to the future!

Page 1
    • eDicky
    • By eDicky 15th Oct 16, 1:25 AM
    • 1,752 Posts
    • 742 Thanks
    eDicky
    • #2
    • 15th Oct 16, 1:25 AM
    • #2
    • 15th Oct 16, 1:25 AM
    The MSE advice: http://www.moneysavingexpert.com/travel/cheap-travel-money

    A convenient solution: https://revolut.com
    • NiftyDigits
    • By NiftyDigits 15th Oct 16, 1:28 AM
    • 9,960 Posts
    • 4,185 Thanks
    NiftyDigits
    • #3
    • 15th Oct 16, 1:28 AM
    • #3
    • 15th Oct 16, 1:28 AM
    Metro Bank debit card if there is a Metro bank close to you. They can disburse a card on the spot.

    Otherwise, Revolut if you want a Prepaid card.

    Virgin Money Essential debit card is not a terrible choice. Frre on spends, £1.50 for ATM withdrawals abroad.

    Your current cards are not the best for Iceland.
    • cubegame
    • By cubegame 15th Oct 16, 10:41 AM
    • 1,335 Posts
    • 660 Thanks
    cubegame
    • #4
    • 15th Oct 16, 10:41 AM
    • #4
    • 15th Oct 16, 10:41 AM
    Your FairFX card will be fine. Iceland has one of most cashless systems I have ever experienced and there will be no need to have currency at all.
    • NiftyDigits
    • By NiftyDigits 15th Oct 16, 12:25 PM
    • 9,960 Posts
    • 4,185 Thanks
    NiftyDigits
    • #5
    • 15th Oct 16, 12:25 PM
    • #5
    • 15th Oct 16, 12:25 PM
    Your FairFX card will be fine. Iceland has one of most cashless systems I have ever experienced and there will be no need to have currency at all.
    Originally posted by cubegame
    How do you know that? Do you know if it's a Euro or Anywhere card?
    What makes it "fine" as compared to Metro Bank debit, for instance?
    • pompeyrich
    • By pompeyrich 15th Oct 16, 12:30 PM
    • 2,930 Posts
    • 2,964 Thanks
    pompeyrich
    • #6
    • 15th Oct 16, 12:30 PM
    • #6
    • 15th Oct 16, 12:30 PM
    Your FairFX card will be fine. Iceland has one of most cashless systems I have ever experienced and there will be no need to have currency at all.
    Originally posted by cubegame
    Unless they want to catch a bus in Reykjavik, although you can buy a book of tickets with a credit/debit card it's cash only on a single trip.

    I was also surprised by the wide use of cards there, even 50p in a parking meter was card, or certain coins, only.
    • eDicky
    • By eDicky 15th Oct 16, 4:04 PM
    • 1,752 Posts
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    eDicky
    • #7
    • 15th Oct 16, 4:04 PM
    • #7
    • 15th Oct 16, 4:04 PM
    Your FairFX card will be fine.
    Originally posted by cubegame
    Any type of FairFX card used in Iceland will incur a 1.4% fee for all transactions, with ATM fee additional €1.5/$2/£1.
    • wiggywoo9
    • By wiggywoo9 15th Oct 16, 11:02 PM
    • 414 Posts
    • 1,600 Thanks
    wiggywoo9
    • #8
    • 15th Oct 16, 11:02 PM
    • #8
    • 15th Oct 16, 11:02 PM
    So I can't use the Euro FairFx card?

    I don't really want to be charged lots of % every time I want to eat or buy something. In the past I've been to Europe and used cash, taking it out in intervals so as not to get charged loads of fees.

    Is there no alternative when I won't get charged interest?
    Up and onwards to the future!

    • eDicky
    • By eDicky 16th Oct 16, 3:56 AM
    • 1,752 Posts
    • 742 Thanks
    eDicky
    • #9
    • 16th Oct 16, 3:56 AM
    • #9
    • 16th Oct 16, 3:56 AM
    So I can't use the Euro FairFx card?

    I don't really want to be charged lots of % every time I want to eat or buy something. In the past I've been to Europe and used cash, taking it out in intervals so as not to get charged loads of fees.

    Is there no alternative when I won't get charged interest?
    Originally posted by wiggywoo9
    You can use your euro FairFX card in Iceland, with the 1.4% 'out of currency' fee. It always has the €1.50 ATM charge, and the rate they give for loading it using pounds is about 2% off the mid-market rate.

    You have been given the ideal non-CC solutions - Revolut and Metrobank.
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