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  • FIRST POST
    • sausage_time
    • By sausage_time 7th Oct 16, 9:39 PM
    • 13Posts
    • 2Thanks
    sausage_time
    Exchange Rate Loading/DCC - in UK
    • #1
    • 7th Oct 16, 9:39 PM
    Exchange Rate Loading/DCC - in UK 7th Oct 16 at 9:39 PM
    A bit off-topic, but may be of interest to some. I have a US$ Visa debit card with a US bank, and it offers 0.5% currency exchange loading and is a good way of getting US$ back to UK (especially at current rates!).

    Today I used a Tesco/RBS machine to whip out £500, and it offered DCC (Dynamic Currency Conversion). I'd never seen that on a UK machine (with my US$ card) before. The rate offered works out at 2.75% so naturally I declined.
Page 1
    • chattychappy
    • By chattychappy 8th Oct 16, 11:13 AM
    • 5,989 Posts
    • 3,074 Thanks
    chattychappy
    • #2
    • 8th Oct 16, 11:13 AM
    • #2
    • 8th Oct 16, 11:13 AM
    Yep, I've had foreign visitors here offered the "service" of DCC to take away the "worry" of exchange rate risk.

    Mind you, for once, depending on timing, DCC might have worked well Thursday night/Friday morning.
    • SammenForLivet2
    • By SammenForLivet2 9th Oct 16, 1:51 PM
    • 525 Posts
    • 543 Thanks
    SammenForLivet2
    • #3
    • 9th Oct 16, 1:51 PM
    • #3
    • 9th Oct 16, 1:51 PM
    Barclays have offered it for years, when I've used an ABSA or FNB card to withdraw at there ATMs here in the UK.
    Thank you all for helping me make my day by saving money!
    Although I work in the trenches for a residential energy supplier, any views, opinions or ideas are my own, and don't represent the views of my employer.
    • eDicky
    • By eDicky 9th Oct 16, 3:10 PM
    • 1,732 Posts
    • 737 Thanks
    eDicky
    • #4
    • 9th Oct 16, 3:10 PM
    • #4
    • 9th Oct 16, 3:10 PM
    In a place like Britain it's surprising that the "service" is not offered more widely, including at payment terminals.
    • Heng Leng
    • By Heng Leng 10th Oct 16, 8:21 PM
    • 3,499 Posts
    • 1,046 Thanks
    Heng Leng
    • #5
    • 10th Oct 16, 8:21 PM
    • #5
    • 10th Oct 16, 8:21 PM
    The OP's situation is atypical - 2.75% loading is probably similar (or even better) than many US providers own forex charges.
    • reclusive46
    • By reclusive46 10th Oct 16, 9:18 PM
    • 2,679 Posts
    • 808 Thanks
    reclusive46
    • #6
    • 10th Oct 16, 9:18 PM
    • #6
    • 10th Oct 16, 9:18 PM
    UK card machines don't seem to deal well with Canadian cards.

    I've had some offer me DCC to USD (really helpful, rip me off then I'd still get charged a conversion charge!). Unfortunately in Canada there arn't any forex free cards (except an Amazon Visa card that has 'questionable' exchange rates)

    One card machine provider also provides instructions in French instead of English or French and English. Not sure what went wrong there as in Canada card machines generally show the instructions in both languages.
    • Heng Leng
    • By Heng Leng 11th Oct 16, 8:10 PM
    • 3,499 Posts
    • 1,046 Thanks
    Heng Leng
    • #7
    • 11th Oct 16, 8:10 PM
    • #7
    • 11th Oct 16, 8:10 PM
    Did you try Rogersbank?

    When I was in Canada last year everyone was raving about them for foreign travel. Just had a quick look and they appear to be offering 4% cashback on non-Canadian transactions.


    UK card machines don't seem to deal well with Canadian cards.

    I've had some offer me DCC to USD (really helpful, rip me off then I'd still get charged a conversion charge!). Unfortunately in Canada there arn't any forex free cards (except an Amazon Visa card that has 'questionable' exchange rates)

    One card machine provider also provides instructions in French instead of English or French and English. Not sure what went wrong there as in Canada card machines generally show the instructions in both languages.
    Originally posted by reclusive46
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