Arillas Forum
Welcome to Arillas => Arillas general information => Topic started by: andym on May 06, 2009, 03:47:14 PM
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Does antbody know what the exchange rate is when you use the whole in the wall in Arillas.
We are only thinking about taking a few 100 euros and the rest will be from a Nationwide card.
The rate does seem to be going up a bit here.
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Nationwide seem to give you an exchange rate as good as local services and, I think, better that a UK tourist rate.
( And no commission )
Probably e1.11 today.
Cheers
Negg
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I had a letter recently from nationwide to say that they were now charging for withdrawals abroad. Is this not happening? I didn't use my card when I was in Arillas, so maybe they don't charge after all.
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I had that letter too Maggie but apparently they are not charging in Europe......yet. As I said in another thread, I received my Nationwide statement yesterday and I was getting 1.127 at the Arillas ATM last week....with no charges
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A Previouse post re nationwide cards
Nationwide Foreign Transactions
Nationwide continues to offer commission-free foreign transactions. By commission-free we mean not adding any additional charge for the service of exchanging currency that generates profit for the Society.
When you use a Nationwide Visa debit card or credit card to make a transaction in certain currencies other than sterling, Visa charge a fee for each transaction and Nationwide currently pays that fee on your behalf.
We will start to pass this fee onto you from 6 May 2009 on credit card and from 1 June 2009 on debit card and it will be included in the sterling amount shown on your statement.
The fee is currently 0.84%. From 1 July 2009 this fee will increase to 1%.
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My wife had a letter from the Nationwide about the charges but it did say no charges if you are staying in Europe.
So it looks like its a good idea to use the card over in arillas rather then taking lots of cash.
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That's what our letter said kes.
We use a Nationwide Flex-Account debit card, after Sandy recommended it on the forum. Thanks dear, it has saved us quite a bit so far.
Guess we'll have to wait and see. But the amount involved is so small, and the euro rate seems to be picking up, so to jump and stock up before June 1st might actually be a worse deal. On 1000 gbpounds 1% is 10 quid. At the current exchange rate that is one round of vodka frappe for us two. We'll just have one glass of water instead... lol
Phil
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LOL....don't believe that for a minute justphil......however, it looks as though 1 June may be D-day....we'll just have to wait and see.
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It still looks like Nationwide is a good deal! (wish I'd thought about it earlier....)
Sandy - I don't believe it either! lol