spain

[traveleer]

euro traveller cheques or sterling traveller cheques

[auntiebertie]

Does any one still use travellers cheques...? A lot of hastle - what is wrong with using your ATM card and getting money out when you need it. That way you don;t have more Euros left over at the end than you need...

[ugly_bob]

Sterling - cash machines abroad cost a fortune to use (from most banks anyway).
Depends on where you're going, but a lot of the more touristy places will change Sterling cheques for the same rate as cash (comm free), significantly better rates than over here

[dzug]

Unfortunately travellers cheques cost more than using cash machines.

If you take sterling travellers cheques they will cost you 1 or 2% to buy and even if there is no 'commission' 5% or so to cash - hidden in the exchange rate. If you want to take sterling and are wary of ATMs take cash.

If you take euro TCs they will cost you 5% or so to buy and you may or may not be able to cash them without a fee. Any you have left over will cost you another 5% to cash when you get home.

If you use an ATM it will cost you a maximum of 4.25%, provided you take out enough at a time to minimize the effect of the minimum charge imposed by some banks.

[Dassie]

Get a Nationwide account and ATM card. They don't charge for using a foreign ATM and they give you the commercial exchange rate instead of rip-off tourist rates.