charges for using visa electron in spain

scooper

going on hols to costa dorada in aug and need to use out visa electron while we are there.we bank with halifax and was wondering how much we will gwt charged if we use it.

Is it best to find a bank and withdraw money?or use it for separate transactons?

thanks in advance

dzug

scooper wrote: »

going on hols to costa dorada in aug and need to use out visa electron while we are there.we bank with halifax and was wondering how much we will gwt charged if we use it.

Is it best to find a bank and withdraw money?or use it for separate transactons?

thanks in advance

If it's the same as their normal debit card you'll get charged 2.75% on the exchange rate plus £1.50 per transaction - whether cash withdrawal or payment.

So for cash get as much out as possible to minimise the number of charges - only not so much that you end up bringing a lot home!

scooper

thankyou for that

cant see you thanks button.

JoseChungsDoomsday

ring them at least 24 hours before you go and tell them the dates you will be gone so they don't block the card.

bengal-stripe

Watch out! Shops in Spain they are quite keen to do their own Currency Conversion. Your card does not get charged with a certain amount in Euros, but gets instantly converted (at a bad rate) into GBP.

You are supposed to have a choice, whether you want to be charged in the local currency or in the currency of your card. Quite often, they do not give you a choice and just want you to confirm a transaction in GBP. (Where the shop gains.)

scooper

thanks guys
we actually only want to withdraw money from a cash machine or bank if we come accross one we can use

so how much will we be charged for 1 withdrawal?

JoseChungsDoomsday

http://corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp

according to visas exchange rate for today 100 euros will cost £69.93 (with the 2.75% added) and then there is the £1.50 charge

jonesMUFCforever

JoseChungsDoomsday wrote: »

http://corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp

according to visas exchange rate for today 100 euros will cost £69.93 (with the 2.75% added) and then there is the £1.50 charge

This might (probably) won't be the rate that Halifax would apply.

JoseChungsDoomsday

I was including the 2.75% fee in the exchange rate so it would have been for that day.