Quizzes & Puzzles5 mins ago
Currency Exchange
Hi, had a look and couldnt find a previous answer on here.
I want to order some New Zealand dollars and doing this online finds the best rates of exchange, however if I pay by Visa Debit Card, my bank/visa make a charge as its seen as a cash advance. Is there a way to avoid this charge? or is the answer to pay cash someplace like a Buraeu de Change at the airport and get a lower rate?
I want to order some New Zealand dollars and doing this online finds the best rates of exchange, however if I pay by Visa Debit Card, my bank/visa make a charge as its seen as a cash advance. Is there a way to avoid this charge? or is the answer to pay cash someplace like a Buraeu de Change at the airport and get a lower rate?
Answers
Best Answer
No best answer has yet been selected by weeal. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Simple answer is 'no.' Pound for pound, the most economical place to buy currency is at our post offices. Don't be fooled by adverts of no service fees, as they make their profits in the exchange rates. But unless you're exchanging many thousands of pounds, you'll do very well at the post office.
Have a wonderful trip down under! Hopefully, you'll be on the South Island as well as the North...
Just come back from there and Oz...
Fr. Bill
Have a wonderful trip down under! Hopefully, you'll be on the South Island as well as the North...
Just come back from there and Oz...
Fr. Bill
The Post Office rate (here) includes a fee of roughly 5%. Marks and Spencer is almost invariably a bit better.
An ATM overseas will nearly always be cheaper than 5%, especially with a Nationwide card (0%)
Incidentally when changing foreign currency back into sterling, the 'fee' is nearer 8% at the Post Office. M&S are definitely a LOT better this way round.
An ATM overseas will nearly always be cheaper than 5%, especially with a Nationwide card (0%)
Incidentally when changing foreign currency back into sterling, the 'fee' is nearer 8% at the Post Office. M&S are definitely a LOT better this way round.
hi all, thanks for your replies, I will check out the Nationwide then and see how it compares, there isnt a branch anywhere near me but will see if I can apply online.
So you think drawing the cash over in NZ will be beneficial then? better than carrying it halfway around the world right enough
thanks will go investigate
So you think drawing the cash over in NZ will be beneficial then? better than carrying it halfway around the world right enough
thanks will go investigate
oh brill thanks v.muchfor that. I had a look on their website and saw the current account but they wanted folks to transfer all their current account details over to them.
Flex account sounds better. I will look again.
And you just draw cash abroad then without charges but possibly just a slightly lower rate of exchange?
cheers
Flex account sounds better. I will look again.
And you just draw cash abroad then without charges but possibly just a slightly lower rate of exchange?
cheers
Weeal, indeed, that IS a journey! May I please ask you are you flying? I've just sent some friends to Auckland and Christchurch...in fact, they're leaving Auckland this morning, heading across to Brisbane to join a ship into the Barrier Reef.
You'll have a smashing time. The people are lovely and to be honest, you may not want to come home!
Have a safe journey!
Sorry..I had no idea anyone had added more to this thread...
I excluded M&S only because they're not in everyone's locale... Yes, I agree. I've used them in London before.
Bon Voyage
Fr Bill
You'll have a smashing time. The people are lovely and to be honest, you may not want to come home!
Have a safe journey!
Sorry..I had no idea anyone had added more to this thread...
I excluded M&S only because they're not in everyone's locale... Yes, I agree. I've used them in London before.
Bon Voyage
Fr Bill
I agree nationwide is probably the best way to go - I travelled around Oz and NZ last year and I can't even imagine how much I saved not having to pay fees!
Just wondering though - I have a visa debit card but have never been charged (to my knowledge) for it being a 'cash advance' as it is recognised as a debit card to your account and not a credit account, in fact just the other day someone said to me, they'll be a 2% fee, but then quickly said there wouldn't be as it's a debit card. I'd be very surprised if they did actually charge you as if it was a cash advance, and doubt that's legally ok as it's not a credit card!
Anyway have a great trip!!!
Just wondering though - I have a visa debit card but have never been charged (to my knowledge) for it being a 'cash advance' as it is recognised as a debit card to your account and not a credit account, in fact just the other day someone said to me, they'll be a 2% fee, but then quickly said there wouldn't be as it's a debit card. I'd be very surprised if they did actually charge you as if it was a cash advance, and doubt that's legally ok as it's not a credit card!
Anyway have a great trip!!!