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Holiday Money


John Boy Saint
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Just thought that I would pass this on: I had to buy my Euro's for my holiday and was shopping around for the best rate (I would normally get them from work but the owners have both buggered off at the same time leaving no option but to pay high street prices) as I save my holiday money in the building society purchasing at favourable online rates is not so easy.

 

This morning I had a phone around v a 1.16 bank rate, M&S 1.07 ("no commission" yeah right) Post Office 1.11 Tesco 1.10.

 

Then I looked a Thomas Cook online: I could book what I wanted for collection in store, print off my voucher to hand in and secure the online price which today was almost 1.13 as opposed to the 1.11 rate stated in the window.

 

Just thought that I would share this with any of you heading to Europe for your holi's especially as this year will not be as cheap as previous years.

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Depending on how much you want, the Post Office are currently offering a tiered rate system, so the more you spend the better the rate will be.

 

Rates on Traveller's Cheques and Travel Money Cards are slightly higher again, so it may be worth spending a few extra quid to get the better deal in the long run.

 

Anyone would think I run one...

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Depending on how much you want, the Post Office are currently offering a tiered rate system, so the more you spend the better the rate will be.

 

Rates on Traveller's Cheques and Travel Money Cards are slightly higher again, so it may be worth spending a few extra quid to get the better deal in the long run.

 

Anyone would think I run one...

 

I bought in excess of £2.5k simply because we are on a DIY holiday Site fees, storage, fuel, tolls, etc to pay for only the tunnel and insurance is paid for so far, the Thomas Cook price was still the best.

 

A European bank account would be a damn sight easier, and just get my company to pay a set amount a month into it: mission of the holiday this year methinks.

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I bought in excess of £2.5k simply because we are on a DIY holiday Site fees, storage, fuel, tolls, etc to pay for only the tunnel and insurance is paid for so far, the Thomas Cook price was still the best.

 

A European bank account would be a damn sight easier, and just get my company to pay a set amount a month into it: mission of the holiday this year methinks.

 

Just phone your bank and tell them you're going - so they don't cancel your card - and withdraw money from an ATM when needed.

 

Simples.

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Worth looking into and doing a comparison on costs though.

 

I get the comparisons through all the time at work. Unless you're an old Nationwide customer you'll get hit, as they're the only ones that don't charge on debit cards - they have stopped offering this to new customers though.

 

The banks will even charge you for purchases you make in shops.

 

The best credit cards to have are either old Nationwide, or Post Office, as the only fees charged are for ATM withdrawals, none for purchases and no cross border/ commission charges. Same goes for the pre-paid Travel Money Card that the Post Office offer.

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I've just taken a load of Sterling to Malta where I can exchange it in one of the local shops at a rate of 1.14.

 

Greatings from Qawra guys.

 

I have found you always get better prices in the resort if you shop around, i.e keep you eyes peeled as you walk about for a few days.

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I've just taken a load of Sterling to Malta where I can exchange it in one of the local shops at a rate of 1.14.

 

Greatings from Qawra guys.

 

Greece also offers a better rate than you can get in the UK, I recently went to Corfu (May)and the best UK rate I could get was 1.09, in Corfu we got 1.14 in some places commission free. We have found this to be the case with better rates on previous visits to Greece.

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I get the comparisons through all the time at work. Unless you're an old Nationwide customer you'll get hit, as they're the only ones that don't charge on debit cards - they have stopped offering this to new customers though.

 

The banks will even charge you for purchases you make in shops.

 

The best credit cards to have are either old Nationwide, or Post Office, as the only fees charged are for ATM withdrawals, none for purchases and no cross border/ commission charges. Same goes for the pre-paid Travel Money Card that the Post Office offer.

I made a purchase in El Corte Ingles in Barcelona they said that if I would like they could charge me in GBP rather than Euros, when they made the conversion I was better off. When I got my bank statement bloomin RBS had charged me for a sterling transaction because it was abroad: about the only time I have had the major arse with them.

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Until you get completely stung for ATM and cross border fees. Not so simples.

 

Never been 'stung' by Barclays, and always use the ATM at a reputable bank abroad, so don't get hit with ATM charges.

 

At the end of the day, is all this shopping around to save £10-£20 really worth it, especially if you take more money than you need for the holiday, and then spend it on useless crap, or have to change it back again in the UK and make a loss on it?

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Unless you're an old Nationwide customer you'll get hit, as they're the only ones that don't charge on debit cards - they have stopped offering this to new customers though.

 

 

I am a fairly old Nationwide customer, I have had a current account with them since I was 16 and i'm now 22 - no charges for me yes?!

 

Cheers

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I am a fairly old Nationwide customer, I have had a current account with them since I was 16 and i'm now 22 - no charges for me yes?!

 

Cheers

 

As far as I'm lead to believe, yes. They changed their criteria several months ago (not sure exactly when the cut-off point was) that the commission free/charge free offer was for existing customers only - anyone opening a new account/credit card from that point would not benefit from it.

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Never been 'stung' by Barclays, and always use the ATM at a reputable bank abroad, so don't get hit with ATM charges.

 

At the end of the day, is all this shopping around to save £10-£20 really worth it, especially if you take more money than you need for the holiday, and then spend it on useless crap, or have to change it back again in the UK and make a loss on it?

Anyone who changes it back needs to have their heads seeing to, unless you are that hard up, we either keep it for other trips or sell it on to friends at the rate we payed for it.

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I am a fairly old Nationwide customer, I have had a current account with them since I was 16 and i'm now 22 - no charges for me yes?!

 

Cheers

 

The no charges thing only counts for europe. I think they are charging for rest of the world now....

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FWIW when I used to travel a great deal I always changed currency when I got abroad, never in UK and rarely in Dubai.

 

As an example back in Feb, a visitor changed pounds to local in UK, got 5.0 at the airport and 5.1 in Thomas Cook. Over here she got 5.7. It seems only you Brits who have this whole "commission" on top of a bad rate thing

 

(Of course we NEVER try and change our money in UK - they charge about 18% for "weird money")

 

The golden rule is to NEVER change money in a hotel lobby or on a campsite! And only use credit card IF you pay it off when the statement is due

 

One other trick if going somewhere cheap (ie not Euroland at mo) then take virtually nothing with you and buy stuff locally on credit card. That way you can save on travel insurance and just get medical cover - is close on whether the cc costs meet the insurance cost but saved quite me a bit on one trip, what's more both the airline AND the credit card insurance paid up - woo hoo!

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Holy Cr*p - was sitting quietly at home last night watching a DVD when BAM, my foot exploded in pain.

 

Couldn't describe it - just it felt like it was flames licking across the foot without the blistering.

 

Never felt anything like it, looked around saw a tiny dot on the floor.

 

Tried sting cream, nothing, went on the web - Fire Ants...

 

Truly the worst bite/sting I've ever had even today am limping. Sure beats Jellyfish.

 

The only cure we had at home that worked according to the web was - believe it or not Worcestershire Sauce.

 

Unfortunately I thought it was internal application (with a Bloody Mary) but apparently you're supposed to soak the bite in it! (and yes both applications did ease it considerably!)

 

Anyone else had any weird bites or found any weird remedies?

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