Cash on holiday?

Nowadays in Finland almost everyone pays for their purchases by debit or credit card. The use of cash has decreased significantly in recent years, with the ability to pay by card almost everywhere. In fact, some places may have begun to take a closer look at cash display.

If you don’t already have a credit card, you might want to compare our handy comparison before making a purchase:

Credit card safe also abroad

Credit card safe also abroad


Even abroad, a credit card is a safe and easy-to-use payment instrument and often a necessity for hotel reservations, for example. However, using a credit card in many countries is not as widespread as in Finland: Small purchases cannot always be made with a card, and many small shops cannot pay with a foreign debit or credit card.

For this reason, it is always good to have cash along with your credit card.

Cash is not dead yet


In many European countries, cash is still the safest means of payment.  Cash in -käteismaksuraportista Use Index, which compared 15 different Western European countries the share of payment methods and the use of cash payments. Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Spain, Sweden, Switzerland and the United Kingdom spent a total of EUR 2,100 billion in cash in 2015.

The use of cash is assumed to be the sum of cash withdrawals from ATMs and withdrawals from bank branches.

In the above-mentioned countries, the use of cash has increased by an average of 0.3% since 2010, and in some countries the use of cash has also fallen significantly: for example, in Finland, cash accounts for only 7.7%, or 15.94 billion.

The number is projected to fall by more than three billion, or about one fifth by 2020. Cash payments accounted for an average of 15.4%, and usage is expected to grow by an average of 0.7% by 2020.

Before you think about withdrawing cash abroad, check with your bank how much it will cost you. Prices vary greatly, and may also vary depending on where you raise and how many times. For example, in both Finland and Europe, Nordea offers four cash withdrawals per month for free, after which you have to pay for them.

The proportion of cash payments varies from country to country



In Spain, almost one third of payments are made in cash, while in Switzerland less than 5%. however, in several countries cash use is still projected to increase over the next few years: in Malta by almost a third and in Italy by more than 20%.

The use of cash is still very widespread, especially in southern European countries. So if you are traveling in Europe to these countries, beware that I can not always pay with a Finnish bank debit card! However, a credit card is also good to be with. L ue see why!

Cash is convenient

In Finland, ATMs no longer exist in every block when the use of cash decreases and the ATMs are closed . However, elsewhere in Europe the number of ATMs is on the rise, indicating that cash is still being used on a large scale.

The good thing about cash is that it always acts as a payment instrument. Occasionally, there are interruptions with payment cards or card readers, and not all payment cards go to every little boutique or cafe.

However, it is worthwhile to make larger purchases with a credit card because of the security it provides. nor is it too smart to carry too much cash for security reasons.

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