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Money Exchange.

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carlisle
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88 posts
1 review
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Money Exchange.

Where in Benalmadena is the best place to exchange money with the best terms?

UK/Benalmadena
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1,943 posts
3 reviews
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1. Re: Money Exchange.

Rubens, although the exchange rate is pretty poor at the moment :-(

http://www.rubenexchange.com/

carlisle
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88 posts
1 review
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2. Re: Money Exchange.

Thankyou,its just round the corner from Las Arenas where we will be staying.

A M
Benalmadena, Spain
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3,571 posts
5 reviews
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3. Re: Money Exchange.

It's a bit further than "just around the corner" so I hope you're not mixing Ruben's up with somewhere else! Ruben Exchange is on Avda Alay.

Don't forget that they need to see your passport.

carlisle
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88 posts
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4. Re: Money Exchange.

Just round the corner is 10 minutes walkfor me.i was born in a market town,but thankyou.

Ian
Leeds U.K.
Destination Expert
for Costa del Sol
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11,006 posts
40 reviews
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5. Re: Money Exchange.

Mike: Must look honest have not been asked for my passport in last 30 years have called in this money exchange branch, always change cash.

A M
Benalmadena, Spain
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3,571 posts
5 reviews
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6. Re: Money Exchange.

I understood that they are legally required to ask for photo I.D.?

Torremolinos, Spain
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192 posts
2 reviews
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7. Re: Money Exchange.

I'm with Ian on this one.

When I'm asked about money exchange I always recommend this 'cambio' because no ID is asked for for cash transactions therefore avoiding the risk of carrying a passport.(I think they may have a limit of about £300)

The complimentary drink helps as well with the poor exchange rate.

A M
Benalmadena, Spain
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3,571 posts
5 reviews
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8. Re: Money Exchange.

I understood that they are legally required to ask for photo I.D.

Can anyone confirm/deny?

UK/Benalmadena
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1,943 posts
3 reviews
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9. Re: Money Exchange.

I can't answer your question AM but I changed £500 last week and they didn't ask for my passport.

Torremolinos, Spain
Destination Expert
for Torremolinos
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14,384 posts
4 reviews
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10. Re: Money Exchange.

Any cash exchange over €100 requires ID under EU rules (contra cambio limpiar), either Driving Licence or Passport. Whether an exchange business actually applies this depends upon a) their mood; b) whether the previous day was a Sunday/holiday or not; c) whether they know you or not.

So.... it's the same as with the moneychangers in London, carry some ID.

Note: if sterling is having one of its usual downward trends they WILL ask for ID...

Edited: 25 April 2011, 09:50