MSE Info Incorrect!

charliec125

I am travelling to SA next month and wanted a debit card that isnt going to charge to use abroad.

I took Martin Lewis's :money: advise and applied to one of the banks he stated did not have a charge, the most well known bank Nationwide.

After a 15 minute application i read there is a charge of 1% for using your card. Must say Im highly dissappointed that i have to apply somewhere else now. Hope someone reads this and changes the site to be more accurate.:mad:

My info comes from


Current Account

Purchases and cash machine withdrawals
If you carry out a transaction using your card in a currency other than sterling, it will be converted to sterling on the day the transaction is processed by our card scheme providers at a wholesale rate of exchange, which may vary daily. For an indication of that exchange rate, you can see the Visa wholesale rate of exchange at . This is an "indication" because transactions are processed when the retailer passes them on to the scheme provider, which is generally not on the same day the transaction took place.
SWIFT payments
If you are sending money abroad using our SWIFT service, please ask us for the exchange rate you will be offered.
Third party charges
Nationwide continues to offer "commission-free" foreign transactions.
"Commission-free" means that we do not add any additional charges for exchanging currency which are designed to generate profit for the Society. We do, however, pass on any fee we incur from our card scheme providers for processing transactions in certain currencies (generally those outside of the European Economic Area and Turkey and Israel) other than sterling.
The fee is currently 1.00% and it will be included in the sterling amount shown on your statement.
The list below provides details of the countries for which a fee is charged. To check if you will be charged, please search for the country you are visiting by using the A-Z list. Unless stated otherwise a fee will be charged.

MSE_Martin

Hi

I'm very confused by this as all our info is correct and accurate.

Nationwide charges 1% for non-Eu transactions.

Our guide very specifically explains this and hasn't been our top pick ever since that was announced at the beginning of the year (though its still in the list as its 0% in Europe and 1% outside which is still far cheaper than other cards)

This is written in detail in the main guide

http://www.moneysavingexpert.com/travel/cheap-travel-money


We have also done the following news stories on it


Oct 09 http://www.moneysavingexpert.com/news/cards/2009/10/nationwide-hikes-overseas-card-charges

June 09 http://www.moneysavingexpert.com/news/cards/2009/06/nationwide-delays-overseas-fee-hike

http://www.moneysavingexpert.com/news/banking/2009/06/nationwide-blocks-applicants-to-che

And a variety of others.


If you could let me know where you think the error is (a link and the text please) in case we've missed chaning it anywhere and we'll endeavour to correct it?