Money Top Tips

Here is some important information regarding some of the differences between English and Spanish banking systems.

Debit Cards
Did you know that that there are differences between the debit cards issued by Banks in Spain. Similarly to that of theUK the cards either operate on VISA or Mastercard systems. Visa issue the Electron card whilst Mastercard issues the Maestro card.

In Spain the Maestro card is for electronic use only. It has to be physically swiped, so therefore cannot be used for internet payments i.e booking flights. Internet payments are normally possible with the Electron card.


Cash Machines
There are three networks for withdrawing money from cash machines in Spain. They are Servired, Euro 6000 and Telebanco. Generally if you use a card in a dispenser from your own bank you will not pay any commission charges. If you use your card in a member Bank of the same network any commisssion charged will be minimal.

However, use you card ina different network and you will pay around 4% commission or more.

You have been warned!