The Daily Insight

Bringing clear, reliable news and in-depth information to keep you informed with context and clarity.

culture

Is it better to exchange money or use debit card?

Writer Emily Carr

Need cash? Compare top currency rates. Though beware, pay a UK bureau by credit (not debit) card and it counts as a cash withdrawal, so there’s a fee and interest even if you fully repay – best to always use a debit card or cash to buy.

Does the Republic of Ireland use pounds or euros?

The Republic of Ireland uses the single European currency known as the euro (€). Euro notes come in denominations of €5, €10, €20, €50, €100, €200, and €500.

Can I use my debit card in Republic of Ireland?

Will my US debit card work in Ireland? YES, your debit (ATM) card will work in cash dispensing machines in Ireland.

Is it best to get euros here or abroad?

European travelers should always have some cash on hand; getting it from an ATM abroad is usually the easiest, most advantageous way. Credit cards are generally accepted, especially in cities; but check with your card issuer about foreign transaction fees and currency exchange fees.

Do you get charged for using your debit card in Ireland?

The fee varies depending on how the card is used see details below. *There is no fee for using your Debit Card in a Bank of Ireland or Post Office ATM in Northern Ireland or Britain when making a sterling cash withdrawal.

Is it cheaper to use a credit or debit card in Ireland?

AIB is €11. All the figures above also apply to online purchases made in currencies other than Euro. As you can see above – it will work out cheaper to use your Irish debit card instead of a credit card for larger purchases in a currency other than Euros.

What kind of money do you use in Ireland?

When travelling in Ireland the currency situation can initially seem confusing but all you need to remember is that Northern Ireland uses Pounds Sterling and in the Republic of Ireland the currency is the Euro. Many places will accept debit cards and credit cards as a safe and easy way to pay.

Is it safe to pay in euros in Ireland?

Using cards is a safe way to pay in Ireland and provides a handy way to keep track of your expenses, whether you are being billed in Euro or Pounds Sterling. If you are travelling to Ireland from outside the Eurozone, then make sure you are not billed in your home currency – this ‘dynamic currency conversion’ can offer a very poor exchange rate.

Can you use a credit card in an ATM in Ireland?

In Ireland, the “cashback” feature when making purchases is possible in some stores. Most ATMs (colloquially called “Hole in the Wall” or simply cash machines) will also accept credit cards for cash withdrawal, but check the fees for cash advances and foreign transactions with your credit card company first.