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Here or There?

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Dusty Bin | 15:08 Sun 29th Jul 2007 | Travel
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I intend to go to Majorca for a fortnight and want to take �1000 spending money.

I'll need cash (euros) with me to cover at least one day's needs I know, but should I change the rest of my money before I go or once I get there?

I'm going in a few days time so don't have any time to apply for any additional debit cards.

So should I exchange here or there?
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Don't know if it's much help but here in Ibiza (the next island) there are souvenir shops which will exchange �'s into �'s with no commission and it is very handy. I'm sure there will be something similar there, failing that there are always exchange places open. Good luck
p.s. don't carry too much money or valuables on you as crime is rife over here!!
So what debit card DO you have?

They vary between charging nothing, a 2.75% exchange rate loading, and a 2.75% loading AND a fee.

Either of the first two get the cash there. The last get it here IF you can find a good rate. The Post Office and most of the banks and travel agents will not have a good rate - M&S probably will.
Question Author
I have a debit card that charges a rate and a fee (Lloyds TSB).

I can find a good (for over here) exchange rate (1.44) at travelex.com (better than M&S : 1.43), but is this as good a rate as if I wait to exchange once I'm in Majorca?
Remember that Lloyds TSB will charge you 1.5% (?2%) for paying for your travelex money so that will outweigh the saving over M&S.

Sorry, don't know what you will get there.
Having just got back from spain. I found that had I changed my money over there i would have got a far better rate. Got 1.41 over here but was getting (in some places) 1.49 - 1.52.
Question Author
Thanks for the tips.

Cheers
Change your money in Majorca you get a better deal.

I was there in May.

Nationwide Flex card is great abroad no charge
Question Author
Thanks.

I've been told a lot about the Nationwide flex account, but as I've said above I bank with Lloyds TSB.

There's now not enough time to open a NW Flex account and get a card through from them before I travel.

:-(

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