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2017
16
March
Bank or Calforex: Which offers better rates for Euros and British Pounds?
16
March
Question:
Humans say...
Jennifer
Out of a bank machine when you get there! There usually is no need to have the local currency before you get there.
Wendy
calforex
Jayson
I like calforex since with the receipt and within 30 days, you can get up to 50% recoverted after returning. So when I didn't spend all the Yen I got for my trip to Japan, I changed it back to Canadian haste free
Robbin
AMA gets their currency from calforex! calforex is the #1 place to get any currency on the spot
Britt
International Currency Exchange. You can order online and pickup. And take back if you have money left over. Better rates than the bank (and my family works AT A BANK!)
Carol
This is from my girlfriend who lives in London.
Bank machine is not a bad idea but there are fees.
I would also caution that we are going through so much political uncertainty that the rates are fluctuating like crazy. I desperately need to send money to my CIBC account but rates went in the wrong direction after election and other incidents.
So I suggest she divides. Brings some from calforex. There is a better option of a travel card that she can put pounds or euros on - get two cards - she can then use those cards and save the fees etc. Also not good to be carrying too much cash. The travel card is like cash and convenient.
Wendy
Travel cards used to be offered by AMA but not any longer. Instead, Canada Post offers them and their fees are stupid ridiculous. Costs to put money on, costs to take money off, then if you don't deplete it, Canada Post takes a percentage of the balance every month until it's empty. A huge money grab by an already costly corporation.
Carol
Wendy my girlfriend probably doesn't realize the costly fees for some reason. She lives in London and comes to Edmonton for the summer every year and travels a lot. Good to know.
Amelia
Cibc has a cc for foreign currencies so no conversion fee. Don't know much about it though.
Calicol
I leave tomorrow and I'm getting mine once I arrive at a bank machine better rate
Liz
Just back from both countries and I concur with advice of getting both currencies from an ATM, but only inside a bank if possible. Several of them have no added fees attached. Use credit cards when available too and pay in either euros or sterling. DO NOT ask to pay in Cdn. dollars, as that will have added costs embedded.
Pamela
I just returned home from a trip to Europe. I got enough Euros from calforex for my spending money for my time there. My friend had problems with both her VISA card and her interact card so I was glad I had enough cash with me so I didn't have the same hassles. It helped me to stick to my budget too.
A.I. says...
The Best Place to Get Euros and British Pounds for Travel
As you prepare for your exciting trip to London and Ireland, one of the essential tasks is to exchange your local currency for Euros and British Pounds. Finding the best place to get the most favorable exchange rates can save you a significant amount of money and help you stretch your travel budget further.
Bank vs. Currency Exchange Services
When it comes to exchanging currencies, you have two main options: your local bank or a dedicated currency exchange service like Calforex. Each option has its own advantages and disadvantages, so it's essential to consider your specific needs and circumstances.
Banks
Many travelers opt to exchange their currency at their local bank, as it's a familiar and trusted option. Banks typically offer competitive exchange rates, especially for larger transactions. However, they may charge higher fees or offer less favorable rates for smaller amounts, and their exchange rates can vary from one branch to another.
Currency Exchange Services
Currency exchange services like Calforex specialize in foreign currency transactions and often offer more competitive exchange rates than banks, especially for smaller amounts. They may also have lower fees or offer additional services like home delivery or online ordering. However, it's essential to research and compare rates across different providers to find the best deal.
Tips for Getting the Best Rates
Regardless of where you choose to exchange your currency, here are some tips to help you get the best rates:
- Shop around and compare rates from multiple sources, including banks, currency exchange services, and online providers.
- Avoid exchanging currency at airports or hotels, as they typically offer less favorable rates.
- Consider ordering your currency online or through a mobile app, as these services often offer better rates than in-person exchanges.
- Exchange larger amounts at once to benefit from better rates and lower fees.
- Check if your credit or debit card offers favorable exchange rates for international transactions, as this can be a convenient alternative to carrying cash.
By doing your research and considering all your options, you can ensure that you get the best value for your money and have more funds to enjoy your trip to London and Ireland.
Sites
Kate
Hey everyone!
I leave in a week for London and then Ireland. I'm wondering where is the best place to get Euros and British Pounds from? Bank or calforex? Any help would be greatly appreciated!