Save money and avoid rip-off bank charges while in Gran Canaria by paying in euros when using your credit or debit card.

Many bars and restaurants in Gran Canaria, and in almost all European holiday destinations, give you the option of paying in euros or in your home currency. Opting for your own currency, while it may seem like the safer option, can add as much as 5% to the bill as it triggers dynamic currency conversion. 

DCC basically means that the exchange rate is calculated at point of sale rather than by your bank. It allows you to see the total cost of the transaction in your own currency but adds up to 5% to the total because it uses a terrible exchange rate. 

Since the extra money is shared between your bank and the merchant, some places will automatically bill you in your own currency and hope you don't notice. You have the legal right to refuse and void the transaction should this happen. 

ATMs too

The same applies when taking money out of ATM machines in Gran Canaria (and anywhere in Europe); Always choose the local currency option to avoid losing money to poor exchange rates.

If you opt for the local currency option, using bank ATMs is often the cheapest and safest way of getting euros in Gran Canaria. It's far safer than having a big pile of euros hidden in your room or tucked into your shorts.

More details in this Daily Telegraph article.

Published in Tip of the day

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  • The Best Gran Canaria Weather Forecast
    The Best Gran Canaria Weather Forecast

    The single most common question we get in the Gran Canaria Info group is...

    What is the weather going to be like during my holiday?

    The answer is almost always the same: If you are going to south Gran Canaria's resorts, it is very likely to be sunny every day. Yes, even in the winter. Yes, even though your weather app says it is going to be cloudy. Yes, even in January. And in February, etc.

    Obviously it does sometimes rain in Gran Canaria, even in the sun-baked south, and there are occassional cloudy days. 

    To check for these rare rain and clouds there is no point using generic weather apps because they use data that averages out the weather and temperature across Gran Canaria.

    This means that the forecast for Puerto Rico and other resorts includes weather and temperatrure predictions for inland and highland areas that are cooler and cloudier.

    So, instead of believing your current weather app use the Spanish weather service website called the AEMET. It's website has detailed and very accurate forecasts for individual resorts, town and even beaches.

    Here's the forecast for the Mogán area including Puerto Rico.

    The mobile website works very well in English although the app is only in Spanish at the moment.  

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