Banks in Spain no longer accept Travellers Cheques

Monday 1st September 2014

Until recently I have been suggesting that if bringing money to Spain for a deposit then Euro Travellers Cheques is a safe way to do so.  However of late more and more banks in Spain are no longer accepting travellers cheques of any denomination and as such this is no longer a good idea.

The reason the banks give is that more and more transactions are becoming electronic and with the rise of ATM availability they no longer see the need to use old fashioned travellers cheques.

However it will be virtually impossible to get 3000 euros out of an ATM for a deposit so the best and even safer option is to use either telephone or online banking to transfer the deposit whilst you are in Spain - just make sure you have sufficient monies available in you bank to enable this!

Peter

 

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