We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Canadian bank account - holiday spending money?

Sorry, wasn't sure if this should be in 'bank accounts' or 'flights, currency & car hire'.

My Canadian husband and I have a joint bank account with the Royal Bank of Canada and are going to spend Christmas with his family this year. I have my £500 spending money in my Nationwide account but I'm not sure what is the best thing to do...

a.) Withdraw cash and exchange it for Canadian dollars in UK

b.) Keep it in Nationwide and use my cash card to withdraw while we are in Canada

c.) Withdraw cash, exchange it to Can dollars and deposit in Canadian bank account to use

d.) Withdraw cash and deposit UK pounds into Canadian bank account

e.) Spend (up to £500) on Nationwide credit card and pay £500 into the CC account when we return

I know there will be charges with all methods but I can't work out which way will be more MSE. Any advice will be most grateful!
DEBT FREE BY 60
Starting Debt 21st August 2019 = £11,024
Debt at May 2022 = £5268
Debt Free Challenge - To be debt free by August 2024
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.