/ Withdrawing money abroad
What's the best and cheapest way to do it?
Debit/Credit/Travel cards? Travellers cheques?
Read your credit card conditions first. Many have a fee associated with overseas transactions. The FX card I linked above is cheaper than using a debit card.
It's worth letting your bank know you will be away so they don't block your card (although I think it's pretty rare they actually do this).
Also, remember to let your mobile phone company know, they blocked my phone last time I went abroad and it was a complete pain
I use my debit card. It might not be the cheapest, but provided you withdraw sufficient each time to hit the minimum charge with the percentage it is a reasonably economic and convenient way to avoid carrying too much money, and it hasn't failed on me for ages (though it's worth carrying more than one card in case it does get eaten).
Most credit cards don't have a minimum fee for overseas purchases, and the fee tends to be less than withdrawing cash on a debit card.
But any of these costs tend to be a trifle compared with what a holiday will cost you overall. So I choose the convenient option.
Worked great for me!
Not sure about other banks, but if you're with NatWest, you can tell them where you're going, but they will still block the card. Pop into a branch and get the phone number for unblocking, so when you need it, you can use it. My card has been blocked every time I've travelled in the last few years, but a quick call resolves the matter.
I use Halifax Clarity credit card for everything abroad.
The money saving expert gives some good tips.
This also might help
Yes, definitely check conditions on individual cards, and change/get an extra one if needs be. We once had a debit card that added a £4 fee onto every transaction, for example.....
Name and shame...
We've used one of the pre-paid currency cards from sainsburys everytime we have been abroad. Never failed us.
Another vote for Halifax Clarity Credit Card.
Don't know about the others, but Caxton do a card for euro/dollar and another ('Global Traveller') for all currencies - you can have either or both.
> It's worth letting your bank know you will be away so they don't block your card (although I think it's pretty rare they actually do this).
Nope, they do it.
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