(Bad) New T&C's for Nationwide Accounts!!

ehalil

Hi all

I have a Nationwide current account which I use when I travel abroad as they do not charge for internation transaction - well guess what??

They are scrapping the no charge promise!:mad:

I got a letter in the post this morning and their terms and conditions are changing as of 1st of June 2009 - so this means that after this date, they will be charging us for using our cards abroad!

there is a weblink for all the countries that you will be charged for using your card abroad - but I can't post it, so please visit the nationwide website for more info, just add foreigntransactions to the end of their normal website address.

I hope there is another bank out there that won't charge for international transactions anymore!

Anyways, I hope some people find this info useful...

Esen

EarthBoy

Most of us know about this already. It's been discussed on this forum loads of times. And if you read the small print, they are only passing on the 1% charge that comes from Visa, they are not adding the 2.75% charge that most banks levy.

So, whilst Nationwide cards won't be completely free to use, they will still be cheaper than nearly all of the other banks or building societies.

rb10

And it's only outside Europe that you'll be charged at all.

agsnu

EarthBoy wrote: »

So, whilst Nationwide cards won't be completely free to use, they will still be cheaper than nearly all of the other banks or building societies.

And cheaper than getting cash from M&S or Travelex before you go, too.

KTF

If only this had been discussed on this forum before...

Gambit

It's a shame but at least its still free within the EU - better than nothing I suppose!

ehalil

Sorry I was just trying to be helpful - no need for sarcasm

Gambit

ehalil wrote: »

Sorry I was just trying to be helpful - no need for sarcasm

Well, I for one found this helpful as I only learned of these change in T&C's when I got the letter in the post. So I believe the sarcasm was uncalled for too. If its been on here before then simply put a link to the other thread and that will be that.

exel1966

Gambit wrote: »

If its been on here before then simply put a link to the other thread and that will be that.

Probably no links supplied because it would take all day to post them seeing as there are literally dozens of threads on the subject, on this and the credit card forum.
Still, the OP is new(ish) so maybe can be forgiven for that.

CrashUK

thats sad. 2 years ago I changed to Nationwide as I was going to USA I did what to pay to take money out of atm.. bad news is most atm in the usa will charge you $2 per use of atm.. and maximum you can get out is $200 at a time.. so they mike it big time over they.. eu is till free.. but I have not had a letter about this..

jambosans

The BBC reported on this well over a month ago. They are only passing on the cost from Visa that they used to absorb, as everyone has said, still a better rate than the other banks. From the article you will see the change has been prompted by Visa increasing the charge.