ICE travel exchange beware

withabix

kimyfa wrote: »

Ok I think this has laboured the point that exchange companies charge as cash withdrawal and one SHOULD read the T&C's before making that purchase.

NO. The CARD ISSUERS always deal with foreign currency purchases as cash advances, because that is what they are. Exceptions are listed in my post above.

It's got nothing to do with the exchange companies.

kimyfa

thanks to everyone for the info I think it is usefull to all who may read this thread. After chatting to several people in my office not one was aware that this is standard practise of travel exchanges so highlighting this to all is a great way to help them potnetially save a little money.

debsjc

I have bought currency with ICE, and I was very impressed. I was charged a fee for usuing my Barclays Connect card, but I thought the site clearly explained that I would be - I had read the details and was aware of this before purchasing

M4RKM

kimyfa wrote: »

thanks to everyone for the info I think it is usefull to all who may read this thread. After chatting to several people in my office not one was aware that this is standard practise of travel exchanges so highlighting this to all is a great way to help them potnetially save a little money.

highlighting? at least once a month on this site someone says "beware" it's the companies fault, and it has nothing to do with the company, it is your CC provider!!!

and it is standard practice of a credit card company, not of a travel exchange, (bureau de change actually).

I can go on ICE, and pay with my Nationwide Current Account card, and won't get charged for a cash advance etc... so it's nothing to do with ICE

M

debsjc

Does anyone know if the Nationwide Flex account card (the one thats good to use abroad) can be used without a fee with ICE?

I've read the Nationwide terms and conditions and I can't find reference to it anywhere

richardw

debsjc wrote: »

Does anyone know if the Nationwide Flex account card (the one thats good to use abroad) can be used without a fee with ICE?

Put card in cash machine, get cash, take cash to bureau de change, get other currency.

debsjc

I could do, but ICE on the internet offer a better rate. I compared it last time, and even with paying £5 to use my Barclays connect card it was still cheaper than going into a bank or bureau de change

I was just hoping to find away around the £5 debit card fee

benjus

debsjc wrote: »

Does anyone know if the Nationwide Flex account card (the one thats good to use abroad) can be used without a fee with ICE?

I've read the Nationwide terms and conditions and I can't find reference to it anywhere

This information is available on the Travel Money Maximiser on this site. At the top of the results page, look for a link that looks like this:

CHECK FIRST Does your Credit/Debit card add a charge when you buy currency?

This will tell you that the Nationwide debit card does NOT charge a fee.

However, why bother using the Nationwide card to get currency in the UK? It's much cheaper to get currency from a foreign ATM using the Nationwide card.

M4RKM

there are some cards that don't charge a fee... it's in one of martins articles on the website... i'll go find it

Cade_Foster

debsjc wrote: »

Does anyone know if the Nationwide Flex account card (the one thats good to use abroad) can be used without a fee with ICE?

I've read the Nationwide terms and conditions and I can't find reference to it anywhere

It can be used without a fee at ICE as it is not a credit card its a debit card so you arent getting a cash advance its coming from the money in your account or overdraft. A nationwide Credit card is another matter

I used them with my Nationwide Visa Debit many a time no problems.