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alisonalison | 19:23 Wed 11th Jun 2008 | Travel
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does anyone know the best place to get the best deal for travelerschecks ,euros, not sure whether to go to the post office, travel agents or bank,
thanx
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Only advice, don't be taken in by good rates. Check how much they will charge. Also compare the differential between selling and buying (not that you will come back with any!!!). I have used the Post office and they are quite reasonable. But I would shop around. It is worth an hour of your life to check. Enjoy your break.
Question Author
thanks i will look about, and see whats on offer
If you open a Nationwide account (and I think the Post office account as well) when you use your card in an ATM abroad you don't get charged commission, so it works out a bit cheaper to get them when you are abroad.
I always get mine commission free from M&S.
Where you going to?
in tenerife you can get 1.23 today no commisssion and thats about 1.6 more than m&s.


Question Author
thanks for all answers, i will shop about, the best rate seems to be about 1.2 just now, so thanks everybody
where are you going ?
Question Author
alcudia majorca, next friday, 1st time abroad for years
Online........Crown Currency Exchange.
Best rate in uk m&s is just under 1.22 .

best rate tenerife today 1.23
Alison - Not trying to put a damper on anything, but due to the Spanish truckers strike a lot of hotels are running out of supplies. This especially applies to the islands which rely on stuff being trucked in via ferry. If the strike hasn't finished in the next few days, it might be worth dropping the hotel an e mail to see what the situation is. Sorry to be a bit of a Jeremiah! Hope it all goes well.
M+S give a good rate, but I'm not sure if you need to have an m+s card to get it.

The Post office is commission free, and the euro's 1.19, and euro t/cs's were 1.21 today.
The Post Office credit card offers no foreign exchange fees, which means you'll get a much better exchange rate. (If you use ANY card in an ATM you'll get hit with a charge - prob �2, which can mount up over a holiday).
The rate using the PO credit card in shops/restaurants works out around 2% better than the usual exchange rate.

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