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zakruti.com » Travels » Traveling around the world
Money in Europe: What You Should Know Before You Go - Wolters World

Money in Europe: What You Should Know Before You Go - Wolters World

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Rating: 4.0; Vote: 1
Can I use my Credit Card when I travel? Do I need to get cash? Are there any tips on keeping my money safe while I travel? This videos focuses on and answers a number of questions that travelers have posted to us about money while they travel. From Travelers Checks to whether you use a debit card or credit card we try to help with our usual honest travel advice on money while traveling Europe
Date: 2022-02-04

Comments and reviews: 10


A few years ago we pickup some English pound bills from our local bank in Canada. When we landed in London we were informed that they were Old Bills and were not in valid. We had to find a branch of our bank in London and get them to exchange the bills for the New Bills. I have found that the UK changes there bills (and coins) every few years. So new we check the Bank of England website to see what is valid and which ones we have to take to the bank once we land. :)
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Another way to use the last of your currency is to put it on a gift card or something like that. My aunt and uncle travel quite a lot, and they always bring a Starbucks card with them. On their last day of travel (or their last day of using a particular currency) they put most of the money they have left on the Starbucks card. Then they use the Starbucks card when they get back to the states.
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Cash isnt really king everywhere in Europe. It certainly is in southern Europe and Germany, but in the UK and Scandinavia its far more common to pay by card, even for very small transactions such as a coffee for example. Lots of places in Sweden and London are card-only and all London transport is cash-free: you dont need to buy a ticket you can just use your contactless bankcard to travel.
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ATTENTION------- do not use EURONET or AURO DOMUS ATM-s i Croatia. You will loose up to 30 percent of your money. They ARE NOT bank owned cash machines and Euronet is actually American company robbing people around the world. Use domestic banks ATM-S, choose charging in domestic currency- that will cost you 1. 5 euros fee in 100 euros. That is OK.
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Me and my family took cash to Germany, left it in the hotels safe and we were stolen! Cash and passports. The hotel claims that if you dont have actual proof (like a video of someone stealing it, its your problem! We are not going back to Germany and I shall avoid countries that require cash from now on!
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2: 40, traditional banks will charge very high fees plus give you a rubbish exchange rate. Better off using Revolut, Currensea, Transferwise, Curve, Monzo, Starling or whatever the US equivalent is. With these card you generally get the Intrabank rate or Mastercard rate.
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European countries without the Euro (not counting the caucasus): U. K., Sweden, Norway, Denmark, Switzerland, Russia, Croatia, Serbia, Montenegro, Albania, Macedonia, Bulgaria, Romania, Moldova, Poland, Hungary, Czech Republic, Ukraine and Belarus.
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I paid with a 200 banknote, for 12 worth of stuff, at a Chinese store in Spain. The cashier looked at me without much sympathy but had change for it. It was a nice way to get smaller bills. Also, you're missing Romanian and Hungarian money, I see.
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I told my Visa (Bank of America)all the places I was going to be and they declined my hotel in London but let 23 charges go in liquor stores in Indiana, which was not a place i told them I would be. Took a lot of phone calls to fix it.
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Cash is pretty much dead in the Netherlands. Many places don't even accept it anymore. Credit card, or even better your debit card is king. I believe there's a huge north/south difference in Europe these days.
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