Sterling to Euro exchange rates

[Kneetrembler]

Where generally is the recommended Bank or Finance house of some description to get the best exchange rates Sterling to Euros ?

[V8covin]

You'll get the best rate by having a Halifax Clarity credit card and withdrawing your money from atms in the Euro zone

[jfbrin]

Are you not charged interest on the cash withdrawal even if you pay off the debit balance at the end if the month?

[crossy67]

Depends how much you want to change I suppose. We have used FX services and been very happy.

[jfbrin]

Are you not charged interest on the cash withdrawal even if you pay off the debit balance at the end if the month?

[recordman]

jfbrin said:

Are you not charged interest on the cash withdrawal even if you pay off the debit balance at the end if the month?

Yes, interest is charged from the day any cash withdrawal is made, but can be minimised by paying off the balance a day or two after making the withdrawal.

[jfbrin]

I got one but haven't used it yet but when I activated it in a cash machine, the warning suggested interest could be charged on withdrawals. However, when I looked on their website.....
Cash withdrawal** Clarity Card All other Credit
cards
Original transaction €100 €100
Payment scheme exchange rate 1.229223 1.229223
Conversion to sterling £81.35 £81.35
Non-sterling transaction fee Nil £2.40 (2.95%)
Cash fee Nil £3.00
Final statement amount £81.35 £86.75

• This example assumes you allow us to convert the transaction from foreign currency to sterling. If you choose to allow the provider to convert the transaction to sterling, they may make a separate charge for conversion.

[V8covin]

jfbrin said:

Are you not charged interest on the cash withdrawal even if you pay off the debit balance at the end if the month?

Yes but it's a negligible amount usually.

I'm off to Spain myself next week and at the moment I'm better off getting my euros at the resort,it's currently 1.24 there against 1.22 here