Summer is the perfect season to travel and enjoy new adventures. Whether you choose a local getaway or an international destination, it’s essential to consider how to manage spending while on vacation to avoid unpleasant surprises on your bank statement.
In this sense, one of the biggest drawbacks for travelers is the additional cost that bank commissions can generate when using the card outside of Spain or in currencies other than the euro. According to the experts of the financial comparator HelpMyCash.com, these fees can significantly increase the budget of a trip.
It is important to know that most banks apply a commission for the use of their cards abroad. Each entity has its own rates, so it is vital to know the conditions of the bank before leaving.
These are some of the commissions applied by the main Spanish banks when using their cards outside of Spain:
For those who plan to travel outside the eurozone, the comparator experts recommend choosing commission-free cards. These allow you to pay and withdraw money in foreign currencies without paying a single euro in commissions.
A popular option among travelers is the Revolut card. This allows you to withdraw money up to five times a month at any ATM in the world without paying commissions.
In addition, Revolut does not charge commissions for exchanging currency up to a limit of one thousand euros per month.
Another alternative is N26. The N26 card is also an excellent option for frequent travelers. It allows you to withdraw money up to three times a month at any ATM in the eurozone without paying commissions.
Outside the euro zone, the commission is 1.7% with no minimum, which is a competitive rate compared to other banks. Nor does it charge commissions for making payments in other currencies.
And if you are under 34, Abanca’s Tú NX debit card is ideal. This card offers the possibility of withdrawing money up to five times a month at no cost in any country.
In addition, there are no commissions for currency exchange.
With these commission-free options, you can travel with complete peace of mind and enjoy your vacation to the fullest. Experts stress the importance of learning about the conditions and benefits of each card before choosing one.
