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#1
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Nationwide to charge for Euro transactions
Well after (correctly) telling us for years that other banks rip us
off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. A bit cheaper than most banks but not much. http://www.nationwide.co.uk/mediacen...is.asp?ID=1590 Their credit card is still fee-free in the Euro zone for purchases, though for how long? Seems the Halifax Clarity credit card is the best bet for foreign cash withdrawals now. http://www.moneysavingexpert.com/tra...p-travel-money -- Andy |
#2
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Nationwide to charge for Euro transactions
"Andy Pandy" wrote in message ... Well after (correctly) telling us for years that other banks rip us off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. Hardly surprising given the number of people who have opened account just for this purpose - *******s! tim |
#3
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Nationwide to charge for Euro transactions
"tim...." wrote in message ... "Andy Pandy" wrote in message ... Well after (correctly) telling us for years that other banks rip us off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. Hardly surprising given the number of people who have opened account just for this purpose - *******s! If that was really the reason they'd retain fee-free withdrawals but just for people who use the flex account as their main account (like with their free travel insurance offer). -- Andy |
#4
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Nationwide to charge for Euro transactions
tim.... wrote:
"Andy Pandy" wrote in message ... Well after (correctly) telling us for years that other banks rip us off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. Hardly surprising given the number of people who have opened account just for this purpose - *******s! The banks, yes indeed- of course they are. I wouldn't blame shrewd consumers for taking advantage of the system, and in any case Nationwide could clearly have retained the current system for people who _were_ using the bank for their main accounts (or otherwise putting enough money in to them). The main reason, I would venture, that Nationwide have decided to charge for this now is that they reckon they can get away with it. And they're probably right. But do go ahead and blame anyone else but the banks if you like. -- (*) of the royal duchy of city south and deansgate www.davidhorne.net (email address on website) "[Do you think the world learned anything from the first world war?] No. They never learn." -Harry Patch (1898-2009) |
#5
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Nationwide to charge for Euro transactions
Andy Pandy wrote:
Well after (correctly) telling us for years that other banks rip us off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. A bit cheaper than most banks but not much. I will miss the ATM card for the flex account- I used it all over the world for cash, but never worried about it being stolen in the same way I would any kind of debit/credit card. I actually lost it this week in Tarragona (I don't think it was stolen- I was just a clot!)- and still haven't reported it lost. Indeed, probably won't- I'll just transfer the money out of the account and close it. -- (*) of the royal duchy of city south and deansgate www.davidhorne.net (email address on website) "[Do you think the world learned anything from the first world war?] No. They never learn." -Harry Patch (1898-2009) |
#6
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Nationwide to charge for Euro transactions
David Horne wrote on Aug 5, 2010:
Andy Pandy wrote: Well after (correctly) telling us for years that other banks rip us off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. A bit cheaper than most banks but not much. I will miss the ATM card for the flex account- I used it all over the world for cash [snip] Same here! What will you use instead? -- Mike Lane UK North Yorkshire mike_lane at mac dot com |
#7
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Nationwide to charge for Euro transactions
"Mike Lane" wrote in message dia.com... David Horne wrote on Aug 5, 2010: Andy Pandy wrote: Well after (correctly) telling us for years that other banks rip us off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. A bit cheaper than most banks but not much. I will miss the ATM card for the flex account- I used it all over the world for cash [snip] Same here! What will you use instead? I'll probably get a Halifax Clarity credit card for ATM withdrawals, and carry on using Nationwide credit card for purchases. If Nationwide decide to start charging on their credit card I might get my wife a Clarity card and use one for purchases and the other for ATMs. -- Andy |
#8
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Nationwide to charge for Euro transactions
Mike Lane wrote:
David Horne wrote on Aug 5, 2010: Andy Pandy wrote: Well after (correctly) telling us for years that other banks rip us off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. A bit cheaper than most banks but not much. I will miss the ATM card for the flex account- I used it all over the world for cash [snip] Same here! What will you use instead? As Andy, probably the Halifax Clarity credit card. But, when travelling on holiday with my partner, I'll get him to withdraw money from his Boston bank account, which only adds Visa's 1%. At least for the time being, with current exchange rates. -- (*) of the royal duchy of city south and deansgate www.davidhorne.net (email address on website) "[Do you think the world learned anything from the first world war?] No. They never learn." -Harry Patch (1898-2009) |
#9
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Nationwide to charge for Euro transactions
David Horne wrote on Aug 5, 2010:
Mike Lane wrote: David Horne wrote on Aug 5, 2010: Andy Pandy wrote: Well after (correctly) telling us for years that other banks rip us off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. A bit cheaper than most banks but not much. I will miss the ATM card for the flex account- I used it all over the world for cash [snip] Same here! What will you use instead? As Andy, probably the Halifax Clarity credit card. But, when travelling on holiday with my partner, I'll get him to withdraw money from his Boston bank account, which only adds Visa's 1%. At least for the time being, with current exchange rates. I see, thanks. But what an absolute PITA. I find all this swapping accounts, credit cards and all financial stuff tedious beyond belief. I'd almost rather pay the extra 1% or whatever -- Mike Lane UK North Yorkshire mike_lane at mac dot com |
#10
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Nationwide to charge for Euro transactions
On 06/08/10 00:31, Mike Lane wrote:
David Horne wrote on Aug 5, 2010: Mike wrote: David Horne wrote on Aug 5, 2010: Andy wrote: Well after (correctly) telling us for years that other banks rip us off with foreign exchange loading fees and foreign cash withdrawal fees, Nationwide are jumping on the bandwagon and imposing a 2% foreign exchange loading plus a £1 cash withdrawal fee on their debit card. A bit cheaper than most banks but not much. I will miss the ATM card for the flex account- I used it all over the world for cash [snip] Same here! What will you use instead? As Andy, probably the Halifax Clarity credit card. But, when travelling on holiday with my partner, I'll get him to withdraw money from his Boston bank account, which only adds Visa's 1%. At least for the time being, with current exchange rates. I see, thanks. But what an absolute PITA. I find all this swapping accounts, credit cards and all financial stuff tedious beyond belief. I'd almost rather pay the extra 1% or whatever If you are frequently abroad open a bank account in the EU. |
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