LPT: when paying by card abroad, always choose to pay in local currency when given the choice because you will pay less!

Submitted by deliciousprawns t3_10pyloz in LifeProTips

I just bought something in Spain for €54 with my (British) debit card and was given the option to pay seemingly less in £ instead (£50). (£50 is roughly €57!). I opted to stick with euros as advised by somebody else the other day and…

Paying the €54 debited my account by £47.62 (plus transaction fee which with my bank is pennies). Paying in £ would have debited my account by… £50. D:

Screw you banks and things

(I am aware this post may count as common sense for some)

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keepthetips t1_j6mrseb wrote

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1

MadMunky5B5 t1_j6ms9qe wrote

>for €54 with my (British) debit card and was given the option to pay seemingly less in £ instead (£50). (£50 is roughly €57!).

Math is hard, eh?

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LTG-Jon t1_j6npws8 wrote

You are basically being asked if you want your bank to do the conversion to the foreign currency (by paying in the foreign currency) or let the merchant’s bank do it. 99% of the time, your bank will give a better rate.

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