Overseas transaction charges / ATM charge

rejela


Joined: 09/02/2011
Posts: 293

Message Posted:
17/04/2011 10:51

Anyone using a UK bank which doesn't charge overseas transaction / ATM fees, whilst using it abroad to make purchases or cash withdrawls. My Halifax mastercard works that way but I would lke a current account that fits the bill.

Thanks

erolz


Joined: 17/11/2008
Posts: 3456

Message Posted:
17/04/2011 11:07

Since Nationwide changed from no charge for foreign cash withdrawls and a very competetive exchange rate to charging I now withdraw Sterling in the TRNC using my Nationwide debit card, for which there is no charge and then change the sterling at the many exchange bureaus here. Less convienent but does save money.

rejela


Joined: 09/02/2011
Posts: 293

Message Posted:
17/04/2011 11:12

Erolz. Ahhh looks like this could be the solution to my problem. The new charges are ok for the odd withdrawl or purchase but over the year it all adds up to the price of a major purchase. Thank you for your help.

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
17/04/2011 11:14

i think Halifax have one but i seem to remember you have to pay in £1000 a month to get free withdrawals abroad. I dont get that income in three months so i have tp pay. Not fair really.

rejela


Joined: 09/02/2011
Posts: 293

Message Posted:
17/04/2011 11:19

Think they have got us all buy the short and curley's, they charge high rates pay low rates and cut deep for transaction charges. win win win! All we can do is try to find ways around it. Everyone is in the same boat. I saw that the Norwich and Peterborough were offering an account but they wouldn't accept me as I have been outside the UK for too long.

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
17/04/2011 11:43

Halifax bank of Scotland nationwide make no charge for withdrawing sterling from HSBC

Santanaire do charge

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
17/04/2011 11:46

I have a Halifax account and i pay £1.50 every time i withdraw sterling or ytl it used to be free for sterling.

rejela


Joined: 09/02/2011
Posts: 293

Message Posted:
17/04/2011 11:46

Thanks everyone, have a relaing day, I am off to the hospital to sit in with my dad.

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
17/04/2011 13:19

Linda agree that you are charged for ytl but no charge for sterling at HSBC until 2 weeks ago when I last withdrew and I've had my month end statements

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
17/04/2011 14:27

You are lucky wanderer i have been paying 1.50 for two years now and if i withdraw ytl the exchange rate is well below the publised rate.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
17/04/2011 16:54

Deniz1



It does depend on what type of card are you using... if it's the Nationwide Cash Card Plus then it will incur a charge. I think you need to apply for a Nationwide Debit Card to get free sterling withdrawals.

stilluvithere



Joined: 03/12/2008
Posts: 765

Message Posted:
17/04/2011 18:10

http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&c=Page&canal=CABBEYCOM&cid=1237851350496&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateT2



free overseas debit card transactions. I am going to open an account next time I go back to england.

stilluvithere



Joined: 03/12/2008
Posts: 765

Message Posted:
17/04/2011 18:12

of course you will need a UK address and have to fib to open up an account.