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Just a quick reminder to all our guests who will be visiting us this year and want to get the best conversion rate when using their UK bank account to pay or draw down money.
1. When using an ATM, always reject the conversion rate. This means that your bank will do the conversion which will be a much better rate. It will not stop the transaction.
2. When you buy things with your debit or credit card, always choose to buy in Euros as again, your bank will do the exchange rate.
3. Never use an ATM that is a booth in a car park or on the pavement. You won't get the chance to reject their exchange rate and you will pay more in £s than you are withdrawing in €s!
4. Always use the ATMs of a proper Spanish Bank not a cash ATM. They are always in the wall of their own bank (with the exception of airports and shopping centres where you will find 2 or 3 from reputable banks).
Unlike the UK, their is no 'cash back' in supermarkets here and the banks don't put ATMs at supermarkets either (unless it is part of a large shopping mall) so you will need to find a proper bank and use their ATM. It is better not to exchange £s for €s before you come unless you do it at your own bank and be very careful of using the Currency Exchanges at UK airports. Spanish airports usually have proper bank ATMs that allow you to reject the conversion rate and you can use £s on the aircraft.
Another option which allows you to setup both a £ account and a € account would be Revolut.
Revolut offers you a place where you can have multiple currency accounts and then simply transfer money from the £ section of the account to the local currency of the country you're visiting without the charges.
For more information and how to get a free card click the link below
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