best exchange rate for Euros-please

blindman

I fell for this trap when I bought my HK$ from Travelex using my CAHOOT debit card.

I got charged £1.51. (1.5%)

I've just rung Nationwide and Samantha in the Swansea call centre confirms they DO NOT charge when using the travelex service.

So, IF you need cash use the Nationwide debit card on the travelex site.

jema_2

thank you all, quite enlightening, unfortunatley i havent got a nationwide card, but i did quizz my bank
on hsbc / first direct if you use an atm in france, with a debit card, you pay an extra 1.5%, with a min charge of £1.75
on their credit card they charge 2.7or 2.5 % cant remember which... as I'm traveling from a ferry port at odd hours cant use travelex either,...aargh

Natzdance

As someone who doesn't have a nationwide acc either thought I would put up infor about Halifax as I rang them to get their charges.

Halifax one card:
2.75% per transaction

Halifax current accounr A
£1.50 per transaction on cash out
2.75% per transaction swipped

I personally think the are really ripping us off, think its off to travelex for all my cash for the holiday!

crystal_clear

Ok I am off to mallorca next week and do not have either of the credit cards you all keep disgussing . PLEASE in plain English what is my best option to spend there so i dont get charges galor I have several types of cards visa debit and mastercard and cash..... do i buy here do i take traveller cheques and if so sterling or euro ??? OHHHH and I leave Tues early hours so think travelex may be closed at airport ?
Also anyone know if it cheaper to hire car this end or in Mallorca ??
Any help would be great :rotfl:

Weymouth_Man

jema wrote:

who's got the best deal, with out rip off charges
...any help gratefully recieved
thx

Hi

We have just used THe Post Office, looked fair ?.

Regards,
Weymouth Man.

Bergster

Instead of a cash machine and the associated fees Plus uncertantity of the rate that you will get how about this...

Buy the Euros from the high street over "there".

I have just returned from Ireland and the rate to "buy back" sterling was around 0.63.

This makes the rate £1 = 1.58 euro.

grumbler

Bergster wrote:

Instead of a cash machine and the associated fees Plus uncertantity of the rate that you will get how about this...

Buy the Euros from the high street over "there".

I have just returned from Ireland and the rate to "buy back" sterling was around 0.63.

This makes the rate £1 = 1.58 euro.

The same post, the same reply: ('Spending money question.' thread)

As far as I understand, 'buy back' rate applies only to the currency that you bought from the same agency a short time ago (usually within 1 month). Of corse, if they sold you ££s for about 1.58 they can afford to buy 'leftowers' back at the same rate.

EDIT: or if you buy ££s today the agency guaranees to 'buy back' the same amount or less within one month at the same rate.

amazingkitkat

try www.xe.com

kinster_2

money confusion

I want £100 of Euros.

LloydsTSB
Amount Exchange
Rate £
Change Banknotes Euro (EUR) 140.00 1.424 98.32

Sub Total 98.32
Commission Total 0.00

---

Order Total 98.32

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Travellex
Currency/T/C's Exchange Rate Sterling (£) Currency Amount Note Size BuyBack
Info&Terms
EURO 1.4467 100.23 145.00 Mixed

Commission on Currency Notes: 0.00

---

Total Due: 100.23

---

Which is the best deal?

Stabilo

Travelex is best, you are paying out more but also receiving more euros. Simply put they are giving you 1.4467 euros for every pound whereas Lloyds are only giving you 1.4240 euros / pound.

Buying forex higher rate is best, selling forex lower rate is best.

Stabilo