Greece – holiday money tips

Posted by Barry Stamp in Personal Finance on 2 July 2015 - Barry is Managing Director at checkmyfile

150,000 of us take off to Greece every week at the moment and many will be worried about how they will be affected by the ongoing crisis. As Greece goes into arrears with the IMF and the Greek Government looks to a hurried referendum to get a mandate from the long-suffering Greeks as to whether to stay in the Eurozone, or even to leave the Common Market, the question most asked is what should tourists do about taking holiday money to Greece?

The first thing to understand is that the Euro itself will remain as a welcome currency, no matter what happens. Greek nationals are not able to withdraw more than €60 per day, so cash is king. Tourists are not limited to the amount they can withdraw (subject to the limits imposed by card companies) but there is no guarantee that cash machines will be filled at all times.

Take enough Euros as you are comfortable to carry, bearing in mind that the limits for loss or theft of cash on your travel insurance policy are small – maybe as low as £200 – although some insurers have increased limits temporarily for travellers to Greece. Check with your own insurer for details.

When buying cash, rates are a little volatile, so if there is a Moneycorp branch at the airport you are flying from, consider using them to pick up your Euros at the airport. Moneycorp will give you the rate that applies when you buy, or when you fly, whichever is the best from your point of view.

Credit cards are likely to be accepted widely, but just not as welcome as Euros. Use a card that doesn’t charge for overseas payments – the Post Office Credit Card is our best buy for this.

Also take a prepaid currency card such as the FairFX card –which you can load up with cash as and when, so that you have another means of paying.

Remember that the Greeks want you to visit Greece, want you to spend, and will do all they can to encourage you to have an enjoyable holiday and return again.

Have a great holiday.

The Advantages & Disadvantages of Store Cards

There are a number of reasons you might take out a store card: whether you’re just waiting in-line at the shop and find out you can save on today’s shopping or they offer the promise of making money in the future, these cards regularly find their way into wallets (or phones via an app). Most big retailers offer their own cards, which allow you to take your purchases home – often with a nice discount applied – without having to part with a penny at the till.

Published on 10 Jul 2018 by Tom Blandford

Full Article

What Happens To Your Credit Report When You Move Country?

Moving from one country to another results in a lot of changes and new things – a new place and culture, new job, new people and in some cases even a new language. However, one thing lots of people do not realise is that you will also be starting afresh when it comes to your Credit Report. Credit Reports and the information they contain are country-specific and do not follow you from one country to another.

Published on 27 Jun 2018 by Kirstie Day

Full Article

What To Do If You’re a Victim of Data Breach

Another day, another high-profile data breach, with the morning news bringing word of another leak of personal information that affects millions of consumers. This time it’s the turn of Dixons Carphone - the company behind PC World, Currys and Carphone Warehouse.

Published on 14 Jun 2018 by Jamie Mackenzie Smith

Full Article

What Does Bongo Know About You?

“What does Bongo know about you?” A slightly off-the-wall question I’ll grant you, but one that you might have been asked at some point in time.

Published on 7 Jun 2018 by Richard Catlin

Full Article

Why Don’t Millennials Take Out Credit?

As a millennial, it can feel like my generation is besieged with criticisms on a daily basis, and not all of them are entirely fair (though lots are). We are frequently told that as a generation we are entitled, we have it so much easier than our elders and arguably, worst of all: we buy too many avocados. While I don’t buy avocados, I do have access to credit, which makes me a minority among my age group.

Published on 16 May 2018 by Beth Jennings

Full Article

Why Is My Loan Balance Wrong On My Credit Report?

One of the single most important pieces of information to appear on your credit file is the information relating to your credit agreements and how you repay them - with this information lenders can see your borrowing history across the last six years and use it to help them decide whether or not to offer you finance.

Published on 7 May 2018 by George Coburn

Full Article

How long do closed accounts appear on my credit report?

Some people believe that as soon as a credit agreement is settled and closed, it will no longer be reported to the UK’s Credit Reference Agencies and therefore will no longer have an influence on future credit applications. However, this is a popular misconception, one that could affect your ability to get credit if not correctly understood.

Published on 2 May 2018 by Tom Magor

Full Article

How to Save Big in the Bank Holiday Sales

Bank holidays may not guarantee a day of sun-soaked fun, but as is British tradition, we’d probably be quite happy barbecuing in the snow if it came to it. But no matter what your plans are, if you want to grab a bargain, you can use the Bank Holiday sales to save some serious money.

Published on 26 Apr 2018 by Kiah Phillips

Full Article

Should I Buy or Finance an Aston Martin Valkyrie?

We’ve all been there. £3 million burning a hole in your pocket and a track-going version of Aston Martin’s latest hypercar sat in front of you. But as a shrewd, savvy business-type, you know that dropping £3m in one go on a 1,100bhp car could be considered a questionable, perhaps even ‘baller’ move. But what about putting it on finance?

Published on 13 Apr 2018 by Jamie Mackenzie Smith

Full Article

How to Build Credit History Without a Credit Card

When it comes to the best way to build up a credit history, conventional wisdom is to take out a credit card and use it for everyday purchases, while paying it off (on time) at the end of every month. There’s plenty to support this advice too, as a credit card allows you to spend as much or as little as your limit will allow, while building a history in a reasonably short amount of time.

Published on 26 Mar 2018 by Jamie Mackenzie Smith

Full Article


We have loads of great customer reviews