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Well, if you time it right and they're talking calendar months ... your trip could straddle two months - so you get two lots of 200? Better check that before trying it.Caveat emptor - from Revolut's own website:
"Free withdrawals up to 5 ATM withdrawals or £200 per rolling month (whichever comes first), then a fee applies. That fee is 2% of the withdrawal, subject to a minimum fee of £1 per withdrawal."
Anyone who can walk the Camino on sub-€200 a month or thereabouts has my attention...
I believe Tincatinker's post, in the part that you quote, specifies rolling months rather than calendar months, so checking before relying on calendar months is really essential.Well, if you time it right and they're talking calendar months ... your trip could straddle two months - so you get two lots of 200? Better check that before trying it.
For UK resident ATM dinosaurs, a simple and comfortingly old-fashioned solution that I found is to open an account with Metro Bank. Metro gives you fee-free ATM withdrawals at a good rate in Europe. The card works in most (but frustratingly not all) ATMs in Spain.OK, because I'm a debit card -> ATM -> cash dinosaur
You can order a free plastic Revolut as well. I am truly amazed how many shops take contactless payment for ANY amount. Cash no longer king but you still need a bit for laundry, tips, entry fee for touristy stuff, etcOK, because I'm a debit card -> ATM -> cash dinosaur, I'm going to summarise what I think I have learnt from lisaflora, Tinkatinker and David with etc:
Instead of leaving home with 350 Euros changed at my local post office, and then topping up a couple of times at ATMs along the way, I could..
Leave home with a 'float' of 100euros cash, and add an App such as Revolut or Monzo to my phone. I could top it up with euros before I go, or like David, just preload with my own currency and then (presumably at the point of each contactless transaction or as a default setting?) select euros as the currency transaction. But I'd also have to already have something on my phone that let me pay by thrusting my phone towards a terminal... si?
If I ran out of my pre-load or found that actually there were more people asking for cash than I had expected, I could get a further 200EUR from a cash machine without bank charges somehow using the App (not sure how that works - presumably you do more than point it at an ATM hopefully?). And hypothetically I could add to my preload while on the trail if I access my internet banking?
Hmmm. TBH I'd probably stick to the old cash routine, unless it becomes clear that Spain is like the UK and that in the last 18 months cash transactions have now often become harder to make than card ones. Anyone able to report on that? And do please correct me if I've failed to grasp what's actually going on here! cheers, tom
Charles Schwab is my go to card also. Even though I have an account with Santander (Mexico), my friend who knows all this stuff told me I would get a slightly better exchange rate with my Schwab card.Thanks for telling us about this option.
I have a Charles Schwab account that I use for travel becayse they refund all ATM fees worldwide.
I was just wondering about if you knew the extent of things like Apple Pay or the tapping of your credit card to pay for purchases in Spain. I was just in New York visiting my daughters for an extended period. They forced me into the 21st century because virtually everywhere, including buses and subways you can just tap your card or scan your apple pay and go. I personally do not like it that much being a dinosaur and i can keep much better track of my spending paying cash. I usually sleep in muni's and donativos so i know cash still rules but what about larger stores and markets. I will still use cash in October and still use my Schwab card. I was just wondering what the state of things were especially in the larger cities.You can order a free plastic Revolut as well. I am truly amazed how many shops take contactless payment for ANY amount. Cash no longer king but you still need a bit for laundry, tips, entry fee for touristy stuff, etc
Back in 2018 many US banks weren't yet issuing the contactless tap and pay credit and debit cards, so the only credit cards that I had were the type that required a signature which by then was very uncommon in Europe. So I found it much easier to pay with my phone using Google Pay. It's also more secure, since the app generates a one time use number which cannot be used again by an unscrupulous shopkeeper. I also find it easier to pull out my phone than to get my credit card out of my wallet.I was just wondering about if you knew the extent of things like Apple Pay or the tapping of your credit card to pay for purchases in Spain. I was just in New York visiting my daughters for an extended period. They forced me into the 21st century because virtually everywhere, including buses and subways you can just tap your card or scan your apple pay and go. I personally do not like it that much being a dinosaur and i can keep much better track of my spending paying cash. I usually sleep in muni's and donativos so i know cash still rules but what about larger stores and markets. I will still use cash in October and still use my Schwab card. I was just wondering what the state of things were especially in the larger cities.
I definitely need to look into this. Thanks for the tip. I also have an account with USAA (US military only) which refunds all ATM transactions. But if Google Pay is accepted all over Spain, it would be SO much easier than toting cash!So I found it much easier to pay with my phone using Google Pay. It's also more secure, since the app generates a one time use number which cannot be used again by an unscrupulous shopkeeper. I also find it easier to pull out my phone than to get my credit card out of my wallet.
I didn't use it in many places, mostly just a couple of hotels on the Norte, and restaurants and hotels during my "tourist time" before and after the Camino, so I don't know if it's accepted in little mom and pop places in villages.I definitely need to look into this. Thanks for the tip. I also have an account with USAA (US military only) which refunds all ATM transactions. But if Google Pay is accepted all over Spain, it would be SO much easier than toting cash!
Following up on that request, could someone explain how much money we are actually talking about? Before I am going to totally revamp my ”camino money habits”, I’d like to know how much this alternative is likely to save.And do please correct me if I've failed to grasp what's actually going on here! cheers, tom
It is! Almost everyone has a portable card reader, Google pay works perfectly.I didn't use it in many places, mostly just a couple of hotels on the Norte, and restaurants and hotels during my "tourist time" before and after the Camino, so I don't know if it's accepted in little mom and pop places in villages.
Thanks for letting us know how things are at the moment!It is! Almost everyone has a portable card reader, Google pay works perfectly.
It is! Almost everyone has a portable card reader, Google pay works perfectly.
So if that is the case, does that mean that credit card usage is increasingly available? If so, that reduces the need for withdrawing lots of cash. I think that on a typical month-long camino, I have never gotten more than 600 € in cash and used the card for everything else. A 3% ATM charge comes out to less than $20. With CC more widely available, this amount is likely to decrease rather than increase.It is! Almost everyone has a portable card reader, Google pay works perfectly.
I have found that all the terminals/devices that accept "tap to pay" cards also accept Apple Pay, Google Pay, Samsung Pay, etc.This is good to know. Do you recall if merchants who accepted Google Pay were also able to handle Apple Pay? I have Apple Pay and am trying to decide if I need to to add Google Pay.
Thanks.
I have found that all the terminals/devices that accept "tap to pay" cards also accept Apple Pay, Google Pay, Samsung Pay, etc.
Charles Schwab ... no fees, reimbursement of any ATM fees ... never had an issueWell, if you time it right and they're talking calendar months ... your trip could straddle two months - so you get two lots of 200? Better check that before trying it.
Revolut also offers plans in which you can pay a monthly fee in exchange for a higher cap on fee-free withdrawals and transactions. I think you can subscribe to the premium plans for one month at a time, and then go back on the free plan when you don't need it. The following comes from their UK site, but I believe similar plans exist for account holders in other countries.
Compare Revolut Plans | Revolut United Kingdom
Compare Revolut Standard, Plus, Premium, Metal, and Ultra planswww.revolut.com
For a monthly fee of £6.99, you get to:
If you're using cash only where necessary, you may find that £400 suffices. If that's not enough, I think the next tier gives you more - or you could open a bank account with, say, N26 and use Revolut to transfer unlimited amounts of money to it.
- Exchange and transfer unlimited amounts of money with the interbank exchange rate.
- Withdraw up to £400 each month for free from international ATMs
But that's silly, because if you had unlimited amounts of money, why would you worry about transaction fees?
I have been using Revolut since its early days. However there are different levels of subscription. The base level allow transaction free ATM cash access only up to to approximately 100 Euros per month; then there is a charge. The charge is not excessive and the exchange rate is the bank to bank exchange rate which is usually the best. Another thing to watch out for is that exchange rates are frozen over the weekend (i.e. non working week) and some people have been caught out over the weekend changes.From the US, I was getting hammered with ATM fees in Spain to get euros cash. Plus crappy exchange rates, blablabla. I finally got clued into Revolut....downloaded the app and in 5 minutes had euro exchanged and in my preloaded virtual card. Any place that accepts credit card omt on Norte, and that is like 95% of places even in tiny villages, can accept this touchless tap method (via Google or apple pay). Skip the middleman and fees, download euro direct at pretty good rates
Yep same with Fidelity. ATM fees refunded worldwideThanks for telling us about this option.
I have a Charles Schwab account that I use for travel becayse they refund all ATM fees worldwide.
I used the Caxica (sic) bank for my withdrawal from my Canadian bank as they don’t charge fees and as I got my max amount of euros out each time my fees were minimal.From the US, I was getting hammered with ATM fees in Spain to get euros cash. Plus crappy exchange rates, blablabla. I finally got clued into Revolut....downloaded the app and in 5 minutes had euro exchanged and in my preloaded virtual card. Any place that accepts credit card omt on Norte, and that is like 95% of places even in tiny villages, can accept this touchless tap method (via Google or apple pay). Skip the middleman and fees, download euro direct at pretty good rates
Just a note to other pilgrims who want to use an ATM or purchase with a credit card (not related to the app mentioned) Never let the ATM do your exchange rate when you take out cash or charge something. Always say you want your bank to do the exchange. The machine will ask what you want to do and many people have no idea what the cheaper answer is. .From the US, I was getting hammered with ATM fees in Spain to get euros cash. Plus crappy exchange rates, blablabla. I finally got clued into Revolut....downloaded the app and in 5 minutes had euro exchanged and in my preloaded virtual card. Any place that accepts credit card omt on Norte, and that is like 95% of places even in tiny villages, can accept this touchless tap method (via Google or apple pay). Skip the middleman and fees, download euro direct at pretty good rates
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