Join the Vera Playa forum

My name's Alex and this is my website all about Vera Playa in Spain. Register now for free to talk about Banking and finances in Vera Playa and much more!

Access to cash. - Page 3

Posted: Wed Nov 9, 2022 3:25pm

DarioMartin

Legendary helpful member

Posts: 5408

star6457 helpful points

Location: Vera

Joined: 16 Aug 2017

Posted: Wed Nov 9, 2022 3:25pm

em68 wrote on Wed Nov 9, 2022 3:16pm:

I actually bank with Nationwide in U.K. but got a Starling card specifically because it gives me a euro option at a much lower rate of exchange than usual.  It works by having one card which can be used for both Sterling and Euros, and you move cash from the Sterling account into the euro ac...

 

Read more...

...count through the app for a conversion fee of 0.4% on the current exchange rate.  There’s no other fee to pay unless you get charged by a Spanish bank for cash withdrawal.  As it’s a debit card - although I gather overdrafts are now possible- getting hold of the card is quick and easy as long as you’re comfortable using an app based account.

Could also recommend Wise which equally gives multi-currency accounts, is free (i.e. no subscription), has competitive rates for conversion and gives you a free card (plus an electronic one for Apple Pay / Wallet / Android equivalent) ... it also has the benefit that it can be used as a proper Bank Account, paying Direct Debits etc

Posted: Wed Nov 9, 2022 3:28pm

Paddythereddog

Original Poster

Posts: 15

star6 helpful points

Location: Vera Playa

Joined: 2 Nov 2022

Posted: Wed Nov 9, 2022 3:28pm

DarioMartin wrote on Wed Nov 9, 2022 3:25pm:

Could also recommend Wise which equally gives multi-currency accounts, is free (i.e. no subscription), has competitive rates for conversion and gives you a free card (plus an electronic one for Apple Pay / Wallet / Android equivalent) ... it also has the benefit that it can be used as a proper Ba...

 

Read more...

...nk Account, paying Direct Debits etc

Hi again DarioMartin and thanks for your latest contribution.

Will include the "Wise" account in my research too.

Enjoy the rest of your day.

Paddy.

Posted: Wed Nov 9, 2022 3:59pm

em68

Helpful member

Posts: 125

star79 helpful points

Location: El Cabo de Gata

Joined: 28 Feb 2019

Posted: Wed Nov 9, 2022 3:59pm

Paddythereddog wrote on Wed Nov 9, 2022 3:28pm:

Hi again DarioMartin and thanks for your latest contribution.

Will include the "Wise" account in my research too.

 

Read more...

Enjoy the rest of your day.

Paddy.

Suspect Wise and Starling are pretty similar - both allow direct debits (although DDs for Spanish utilities normally insist on a Spanish bank).  Both en

able you to use them in a wallet on your phone, although I’m not sure you can deposit cash and cheques with Wise which you can with Starling.  Rates of transfer on Starling may be marginally better depending on amounts involved.  Starling has the benefit of protection under the Financial Services Compensation scheme which I don’t think Wise has, but on the other hand Wise also offers dollar transfers which could be useful if going to USA.  Wouldn’t mind betting you can get your Wise card within a couple of days of completing the online application, just as you can with Starling.

I’ve not seen how the Wise app works but it may well be similar to Starling which shows details of exactly what I’ve spent where as soon as it leaves your account - as a result I use Starling for day to day expenditure in U.K. as well as Spain as it makes checking my accounts and expenditure so much easier.  

Posted: Wed Nov 9, 2022 5:03pm

Posts: 56

star35 helpful points

Location: Vera

Joined: 6 Mar 2021

Posted: Wed Nov 9, 2022 5:03pm

Open a Chase Account before you come and bring a few euros for emergency. 1% cashback on all spending and top exchange rate. Works fine for contact less payments. 

Advertisement - posts continue below

Posted: Wed Nov 9, 2022 7:29pm

mst

Posts: 22

star6 helpful points

Location: Palomares

Joined: 23 Mar 2020

Posted: Wed Nov 9, 2022 7:29pm

The op does not say where they will be travelling from.

Posted: Wed Nov 9, 2022 8:19pm

Paddythereddog

Original Poster

Posts: 15

star6 helpful points

Location: Vera Playa

Joined: 2 Nov 2022

Posted: Wed Nov 9, 2022 8:19pm

mst wrote on Wed Nov 9, 2022 7:29pm:

The op does not say where they will be travelling from.

LOL  Correct!  I don't!!

Not sure how that would effect the availability of ATM's in the Las Marinas area which was the basis of my original post ....... however ........ we are travelling from the UK.

Cheers.

Paddy.

Posted: Wed Nov 9, 2022 11:41pm

mst

Posts: 22

star6 helpful points

Location: Palomares

Joined: 23 Mar 2020

Posted: Wed Nov 9, 2022 11:41pm

Cards from the USA can work differently.

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Find more Banking and finances topics from a particular area: