Summer days are reserved for shorter weekend trips as well as longer holidays. Regardless of the length of your holiday, beware of the high costs that can hit your pocket when withdrawing cash at ATMs or paying through a POS terminal in countries outside the euro area.
There are two currency areas within the European Union. Countries outside the euro area and countries within the euro area. The area within the euro area has been regulated in principle by regulation since 2009. It prohibits additional fees for cash withdrawal services at ATMs or payments via POS terminals. Transaction services must be billed in the same way as in home countries. However, research has shown that in some cases, the cost of services is also charged in countries within the euro area.
There is no regulation in countries outside the euro area, high commissions are still a constant business practice. Among the countries that fall outside the euro area is also Croatia, where most Slovenian citizens go over the summer. Therefore, when jumping to the Adriatic coast for a short or long jump, be careful when withdrawing cash at an ATM as well as when paying via a POS terminal.
1. Opt for fewer lifts
The first lesson is that in countries outside the euro area,. you withdraw cash at ATMs without converting to euros You can also save by opting for as few cash withdrawals as possible. In the event of a daily withdrawal, you will pay the cost of using the ATM each time. So opt for a smaller number of lifts at a higher value.
2. Use the right payment card
You will also save money by choosing a smart payment card. Cash withdrawals at ATMs with a debit card will be more favorable than with a credit card.
At Sberbank, the cost of a one-time cash withdrawal at an ATM in Croatia is 1% of the withdrawal amount, and at least EUR 2.5. The cost of withdrawals at ATMs with the Ide @ l Mastercard loan card is 5% of the withdrawal amount, and at least EUR 10.
Remember that similar rules also apply to payments via POS terminals. If you have a choice, decide the same as when withdrawing cash at an ATM. Payment without conversion into euros. If the seller does not ask you about the option to choose with conversion or without conversion and chooses to pay in euros, immediately request a correction to make the payment in local currency. This will save you up to 10% on the purchase value. However, when using payment cards, be sure to follow the tips on safe card use.