Unknown
Unknown
Jul 2015
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The Euro

The Euro is now at 1.41 for £1. I travel quite a lot in Scandanavia and pay about 2% from my British bank for buying goods in a Euro zone.
But the bank takes a further 2 and a half percent when I use the cash machine.

I found a way around this is to get cash back at a local supermarket then you are charged only 2%. as a purchase.

I know this works in Finland but can you tell me other Euro zone countries where you can do this?
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Comments (8)

tomcatwarne
tomcatwarneOP●Ocean City, Plumouth, Devon, England UK
Jul 12, 2015●12 Blogs●165 Comments
#1
Yes love, I have my money in British pounds , which are going up against the Euro, but if you travel in the Euro zones you have to have Euros.

The problem is that your own bank charges a fee via the cash machine, for converting to Euros in a Euro zone.
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loveallnite
loveallnite●Eyjafjallajökull, Westfjords Iceland
Jul 12, 2015●573 Comments
#2
Well I was of course exhalting my opposition to the "euro" or the OYro as the germans call it, I saw this coming years ago its an attempt to federalise euroep but with so many diversities that isnt even remotely possible at all, however if thats what happens ya just gonna have to live with it
put it on expenses claim it back as mileage I say :)
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loveallnite
loveallnite●Eyjafjallajökull, Westfjords Iceland
Jul 12, 2015●573 Comments
#3
haha Tom point taken ok To Business if the small purchases on trips annoy your sense of fair-play then perhaps open an account in europe and get the bank concernd to issue a Card so you avoid the charges,
might even score a few brownie-points in the form of exchange fluxuations to your advantage in the process!
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tomcatwarne
tomcatwarneOP●Ocean City, Plumouth, Devon, England UK
Jul 12, 2015●12 Blogs●165 Comments
#4
I have an account with Danske Bank in Finland, but my capital is with a British bank in England. So I am doing as you say to a certain extent. The pound is advantageous to to the Euro, but from running costs day to day I have found cash back from supermarkets cheaper than using the cash machine in Finland.
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loveallnite
loveallnite●Eyjafjallajökull, Westfjords Iceland
Jul 12, 2015●573 Comments
#5
well there ya go solved, partly :)
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Obstinance_Works
Obstinance_Works●Manchester, Greater Manchester, England UK
Jul 13, 2015●200 Comments
#6
Also, if you use the cash machine the euro will have dropped half its value by the time you get to the till.
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tomcatwarne
tomcatwarneOP●Ocean City, Plumouth, Devon, England UK
Jul 13, 2015●12 Blogs●165 Comments
#7
Au contraire the Euro is going up against the pound GP, it is now Euro 1.41 to £1.

Higher than it's been for many a daygrin
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tomcatwarne
tomcatwarneOP●Ocean City, Plumouth, Devon, England UK
Jul 13, 2015●12 Blogs●165 Comments
#8
Let me further explain, although I would use Finnish cash machine, my main account is in England, so when I make a withdrawal, I get it in Euros but my bank pays in GB pounds therefore I get the advantage of a higher exchange rate, I pay less pounds for more Euros received.
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