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    • Jamie Carter
    • By Jamie Carter 12th Aug 18, 4:02 PM
    • 4,815Posts
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    Jamie Carter
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    Best way to gift travel money (Euros)?
    • #1
    • 12th Aug 18, 4:02 PM
    0 WOW
    Best way to gift travel money (Euros)? 12th Aug 18 at 4:02 PM
    I'm hoping someone can give me some advice. My daughter and son in law are going on holiday to Tenerife in a couple of weeks, and I want to give them about 500 spending money. I'm wondering what is the best way to do this with regards to exchange rates, and security. The three options I'm looking at are:
    1. Give them the money in sterling, so they can exchange it when they are abroad
    2. Change the money for euros for them to take with them
    3. Get them a pre-loaded credit card to use abroad for purchases

    Many thanks in advance
Page 1
    • blindman
    • By blindman 12th Aug 18, 5:02 PM
    • 5,190 Posts
    • 4,208 Thanks
    blindman
    • #2
    • 12th Aug 18, 5:02 PM
    • #2
    • 12th Aug 18, 5:02 PM
    I'm hoping someone can give me some advice. My daughter and son in law are going on holiday to Tenerife in a couple of weeks, and I want to give them about 500 spending money. I'm wondering what is the best way to do this with regards to exchange rates, and security. The three options I'm looking at are:
    1. Give them the money in sterling, so they can exchange it when they are abroad
    2. Change the money for euros for them to take with them
    3. Get them a pre-loaded credit card to use abroad for purchases

    Many thanks in advance
    Originally posted by Jamie Carter
    I normally do 1.

    Then they can spend it how they wish.

    (Holiday or post holiday)

    Hopefully they have a MSE approved credit card or some other good card.
    Last edited by blindman; 12-08-2018 at 5:05 PM.
    • eDicky
    • By eDicky 12th Aug 18, 5:53 PM
    • 4,017 Posts
    • 2,151 Thanks
    eDicky
    • #3
    • 12th Aug 18, 5:53 PM
    • #3
    • 12th Aug 18, 5:53 PM
    For best value, tell them to open a Starling Bank account each on the smartphone app, which gives the ideal exchange rate with zero fees using the debit card for overseas purchases and withdrawals. Then just send the money to their accounts. Or Metro bank (for Europe only).

    Second best - Monzo, Loot.io or Revolut.

    Worst - 'preloaded' cards or cash exchange.
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