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I would just go to an ATM when you arrive. If you are just 1 person, 200 euros is probably fine. If you need more, there will be banks along the way or in Santiago.
OK, just think about that when you pay for something and budget accordingly. If they will take a card, then maybe use a card. Some places won't take a card for smaller amounts and have a minimum requirement. It sounds like that is what you will use your cash for mainly. Even grocery stores will accept a card. If you are concerned, then get 300 euros or 250 or something.Thanks. My bank only allows two free ATM withdrawals a month, so I need to pace that accordingly on my trip.
I find it's a balancing act, and I still tend to withdraw a little more than I need to avoid having to visit an ATM too often. I have to remind myself that these fees are relatively quite small in the overall costs of travelling.Thanks. My bank only allows two free ATM withdrawals a month, so I need to pace that accordingly on my trip.
Bearing in mind that the OP doesn't need cash for most accommodation, & only needs cash for the few occasions that they can't use a card I think that'd be excessive. It's only 5 days! On my 2 weeks on the Primitivo in July last year I didn't even manage to spend €200 in cash, and that included three nights accommodation (€85). And as I said above I only spent roughly €130 on the Inglés last year (some of which I could easily have carded).Come to think of it -- given the €30 cash you know you'll need, and maybe food there could be cash only too, maybe start with €250 ?
Tapping or swiping your card costs nothing, it's only the ATM withdrawals.Considering the overall expense of your Camino, wouldn't it be reasonable to shoulder the additional costs of a few extra ATM withdrawals? As others have pointed out, you may be confronted with places that make you tap or swipe your card, instead of taking cash. If this happens, you wil hit your two free uses per moth very fast.
Try to see the big picture.
Hope this helps.
Tom
Then I stand corrected. Thanks for the assist.Tapping or swiping your card costs nothing, it's only the ATM withdrawals.
I dont't know if that is a real problem, I run a small business and I only pay 1.35% transaction fee, taking cash to bank tcosts a lot more than that. At minimum wage it would probably cost half an hour to bank £600. A small business probably takes less than that a day.I always try to pay in cash because I know there is an upcharge to the vendor for a card.
Thanks for that. Possibly different in different countries. My parents paid 5% in their business so always gave a cash discount. Does anyone know the uncharged in Spain? Might help me feel better about cash versus card.I dont't know if that is a real problem, I run a small business and I only pay 1.35% transaction fee, taking cash to bank tcosts a lot more than that. At minimum wage it would probably cost half an hour to bank £600. A small business probably takes less than that a day.
There is quite a bit online about strategies Spanish banks have used to sign up business customers and talks about competitive rates and often mentions 1-2% even for he smallest operators with very small turnovers.Thanks for that. Possibly different in different countries. My parents paid 5% in their business so always gave a cash discount. Does anyone know the uncharged in Spain? Might help me feel better about cash versus card.
That’s fine of course. People can do what they want. If you are cash only there’s no issue! Just talking the bigger world. Of course if you are a volunteer cash will possibly be cheaper as it is zero costs for your services!!I volunteer for a cash only donativo cash network in Spain, so hope people will remember when it comes to having some cash. I will do me and you do you.
I think there used to be a minimum charge per transaction (somewhere between 10-15c.) which made it prohibitively expensive to take cards for small value transactions. So you might pay 2 or 3% on a €10 transaction but 10% or more on a €1 payment. That's generally the reason for the minimum transaction rule. I'm not sure if that has changed.There is quite a bit online about strategies Spanish banks have used to sign up business customers and talks about competitive rates and often mentions 1-2% even for he smallest operators with very small turnovers.
I guess it comes down to how your compare your cost of sale cash vs card. How you measure fraud, theft, time taken to cash money, offering change, etc. I struggle to see how even a 2% rate on a card wouldn’t be beneficial to most business rather then cash.
I know people mean well, but it’s same sort of debate with online bookings. People seem suprised and even unhappy about the fact that they charge a fee, for offering a global reach, payments systems, advertising, reviews etc.
Let’s remember that vendors sign up for this. I do understand that there is an element of ‘me too’ and you have to be in the game but i think we just need to let them manage their businesses!
Indeed.I think there used to be a minimum charge per transaction (somewhere between 10-15c.) which made it prohibitively expensive to take cards for small value transactions. So you might pay 2 or 3% on a €10 transaction but 10% or more on a €1 payment. That's generally the reason for the minimum transaction rule. I'm not sure if that has changed.
I recommend to anyone traveling to have debit or credit cards from two different banks, and at least one of them should be one of those banks that reimburses all ATM fees. Also, when you use a card for payment make your payment in local currency. Your bank will give you a better exchange rate than their bank will.Considering the overall expense of your Camino, wouldn't it be reasonable to shoulder the additional costs of a few extra ATM withdrawals? As others have pointed out, you may be confronted with places that make you tap or swipe your card, instead of taking cash. If this happens, you wil hit your two free uses per moth very fast.
Such a card is not available in every country.and at least one of them should be one of those banks that reimburses all ATM fees.
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