Canadian bank account - holiday spending money?

socks_uk

I posted this on the 'Budgeting & Bank accounts' thread but got no reply so trying in here...

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!

dzug1

Spend your husband's money

Give him £500 when you return to the UK.

Obviously_the_best

Travelex cash passport

callum9999

What Nationwide credit card do you have? The Select (and I believe old Gold cards?) are fee-free (excluding cash withdrawals) and the standard one allows you to build up a fee-free allowance, so if you use it a lot you may have a decent amount to spend.

inmypocketnottheirs

Metro Bank for a fee free debit MasterCard. Or open Citibank accounts in the UK and Canada and move money free of charge between accounts.

Open an aquacard cash back reward card for fee free overseas purchases.

blindman

dzug1 wrote: »

Spend your husband's money

[STRIKE]Give him £500 when you return to the UK.[/STRIKE]

Think of something else to repay him

As has been said Nationwide Select CC

Metro card is probably easiest option IF you live near London. :cool:

Open Norwich and Peterborough Gold classic account-If you have time

socks_uk

callum9999 wrote: »

What Nationwide credit card do you have? The Select (and I believe old Gold cards?) are fee-free (excluding cash withdrawals) and the standard one allows you to build up a fee-free allowance, so if you use it a lot you may have a decent amount to spend.

Yes, it is the Select Nationwide card.

I think I've decided to exchange £200 into Canadian Dollars and also spend on my Nationwide credit card. My husband says we should look at the exchange rate after the US elections as the exchange rates aren't as good right now.

Thanks for everyone's help.