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Old 05.06.2011, 16:58
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Use Swiss card/do a transfer/take cash

Hi all, I did a search of a combination of different things and was very surprised not to find anything to help with my quandry.

Firstly, I was probably going to go to Post Finance anyway, but then realised that asking on EF would be easier.

So, I'm going back to England for three weeks or so. I was just wondering what the best way to have cash over there is. When I went back at Christmas, I took cash because I was only there for a few days. This time, I'll be staying in London for a little under a week, then Southampton for a little under a week before going home for just over a week. I think I need to be fully covered for the first two weeks. After I get home, if I find myself in a pickle, I can always ask mummy and daddy and grandma and grandad and uncle and auntie. Well, not quite, but I'm sure Mum and Dad would lend me some cash if needed.

I have a Post Finance account (with not a lot of money in it, to be fair, but I guess I would need around 500CHF to include travel costs... I haven't really calculated yet). I also have a Barclay's account (with an interest-free overdraft of £2000 that they haven't changed, despite me informing them that I'm not a student anymore). I am making (almost) the most out of that overdraft. My question is: Should I just use my Post Finance card (not credit card) to make purchases/take out cash, do a transfer from my Post Finance account to my Barclay's account or just take a sh*tload of cash?

What do you lot do when you go? Credit card is not an option. I refuse to touch them and my partner's card is painfully close to the limit.

Any advice would be hugely appreciated, thanks!

P.S. Hope you've all had a lovely loooooooong Ascension weekend.
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Old 05.06.2011, 17:03
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Re: Use Swiss card/do a transfer/take cash

You're on a winner with the exchange rate whatever you do!!

I would take the CHFs - exchange them at M&S or Post Office and put the £ssin your Barclays a/c ( you get a better rate at M&S)
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Old 05.06.2011, 17:05
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Re: Use Swiss card/do a transfer/take cash

You mean take 500CHF cash and exchange as soon as I get to London?

Also, I was being lazy (haha, typed lezy first off - Freudian slip?). Apparently it costs 6CHF to do a transfer and 4CHF every time you make a cash withdrawal abroad.

EDIT: 2CHF for a Giro transfer... crazy when you consider that my mum has to pay £20 to transfer money to me!
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Old 05.06.2011, 17:15
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Re: Use Swiss card/do a transfer/take cash

Can you use your post finance card abroad in ATMs and in the shops?

I wouldn't take the cash and go to the UK and change into stirling. You will get a pretty horrible rate and you will probably spend a whole day looking for a good rate!

I usually either get some pounds from UBS or I use my UBS maestro card. If you don't have a maestro card then I guess the best idea is to just take some cash with you.

You may get a better rate transferring over (but then you have to pay 6CHF). I sent some cash over last week and got a rate of 1.38. Which is pretty darn amazing to be honest.

If I were you without a credit card or a maestro card, I would take the cash.
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Old 05.06.2011, 17:15
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Re: Use Swiss card/do a transfer/take cash

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You mean take 500CHF cash and exchange as soon as I get to London?

Also, I was being lazy (haha, typed lezy first off - Freudian slip?). Apparently it costs 6CHF to do a transfer and 4CHF every time you make a cash withdrawal abroad.

EDIT: 2CHF for a Giro transfer... crazy when you consider that my mum has to pay £20 to transfer money to me!

Yes, I would exchange as soon as I got into London - most places don't charge to do this now.
Ex rate yesterday was around 1.26 CHFS to the £ - We get paid in £s so not so good for us
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Old 05.06.2011, 17:19
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Re: Use Swiss card/do a transfer/take cash

http://www.postoffice.co.uk/portal/p...equestid=67669

If you look here the post office have a sell currency service. With the Swiss Franc you would get a rate of 1.54 . I got a rate of 1.38 transferring online....$40 difference!
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Old 05.06.2011, 17:27
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Re: Use Swiss card/do a transfer/take cash

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Hi all, I did a search of a combination of different things and was very surprised not to find anything to help with my quandry.

Firstly, I was probably going to go to Post Finance anyway, but then realised that asking on EF would be easier.

So, I'm going back to England for three weeks or so. I was just wondering what the best way to have cash over there is. When I went back at Christmas, I took cash because I was only there for a few days. This time, I'll be staying in London for a little under a week, then Southampton for a little under a week before going home for just over a week. I think I need to be fully covered for the first two weeks. After I get home, if I find myself in a pickle, I can always ask mummy and daddy and grandma and grandad and uncle and auntie. Well, not quite, but I'm sure Mum and Dad would lend me some cash if needed.

I have a Post Finance account (with not a lot of money in it, to be fair, but I guess I would need around 500CHF to include travel costs... I haven't really calculated yet). I also have a Barclay's account (with an interest-free overdraft of £2000 that they haven't changed, despite me informing them that I'm not a student anymore). I am making (almost) the most out of that overdraft. My question is: Should I just use my Post Finance card (not credit card) to make purchases/take out cash, do a transfer from my Post Finance account to my Barclay's account or just take a sh*tload of cash?

What do you lot do when you go? Credit card is not an option. I refuse to touch them and my partner's card is painfully close to the limit.

Any advice would be hugely appreciated, thanks!

P.S. Hope you've all had a lovely loooooooong Ascension weekend.

first of all... how much is a "shitload" of cash for you? Is it 500CHF?

My opinion... if you have to ask this question of yourself, you need to ask the most important question: "Can I afford to go to the UK right now?"

A young friend of mine decided she wanted to go on vacation. Granted she didn't have a job or any savings to live off of. Somehow, she had a HUGE credit it limit though. when she got home... she got her credit card bill...and her jaw hit the floor, when she saw that she had to pay $20,000.

Therefore, I say again, the question you might want to ask yourself is, "Can I afford it?" If the answer is "no"... then let your family know you'd love to come visit, but you're tight on funds. If they volunteer to support your trip, then have fun. If not, then plan for another time.

If money isn't the problem and you're just wondering what form to take it in... I'd just use my bank card. It's not like you're going to Cambodia.
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Old 05.06.2011, 18:18
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Re: Use Swiss card/do a transfer/take cash

I am a young adult. We have it tough. Most of us don't have huge quantities of money. I've said it before: I'm not destitute. I can afford a few hundreds francs, doesn't mean I don't consider it to be a lot of money. I grew up in a household where I was taught the value of money from an early age, I have always done minimum wage jobs while studying. So yes, I do consider a few hundred francs to be a "sh*tload", doesn't mean I can't afford to go back and see my family and friends and go to the graduation ceremony for my masters course (the "main purpose" of my trip - my parents are desperate to go, in fact).

I don't have a credit card for the reason you've mentioned. My parents drummed the dangers of having a credit card into me when I was a teenager. I make a note of EVERYTHING that goes in and out of all my accounts, plus I regularly check online. I am not stupid with money, and don't live beyond my means.

For those who responded to my question, thank you. I have a few things to consider. My dad just rang me and said that he and Mum would transfer money into my UK account, then I can do a transfer from my Swiss account into their account when I get back in August. I'll see them after a week (between London and Southampton, I have my graduation ceremony), so I think they'll give me cash for Southampton, then when I'm back at home they'll be my ATM. That seems like a good idea to me, certainly makes things less complicated!
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Old 05.06.2011, 21:57
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Re: Use Swiss card/do a transfer/take cash

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I am a young adult. We have it tough. Most of us don't have huge quantities of money. I've said it before: I'm not destitute. I can afford a few hundreds francs, doesn't mean I don't consider it to be a lot of money. I grew up in a household where I was taught the value of money from an early age, I have always done minimum wage jobs while studying. So yes, I do consider a few hundred francs to be a "sh*tload", doesn't mean I can't afford to go back and see my family and friends and go to the graduation ceremony for my masters course (the "main purpose" of my trip - my parents are desperate to go, in fact).

I don't have a credit card for the reason you've mentioned. My parents drummed the dangers of having a credit card into me when I was a teenager. I make a note of EVERYTHING that goes in and out of all my accounts, plus I regularly check online. I am not stupid with money, and don't live beyond my means.

For those who responded to my question, thank you. I have a few things to consider. My dad just rang me and said that he and Mum would transfer money into my UK account, then I can do a transfer from my Swiss account into their account when I get back in August. I'll see them after a week (between London and Southampton, I have my graduation ceremony), so I think they'll give me cash for Southampton, then when I'm back at home they'll be my ATM. That seems like a good idea to me, certainly makes things less complicated!
ATM machines will give you a fairly good rate, cashing CHF in the UK is a Bad idea, transfering from your account to your parents or Barclays is better. Tick the box that you pay ALL charges, otherwise £12 gets deducted in the UK. The extra cost you you is way less.

Have a great trip
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