Abbey/Santander Zero - no it aint!

td_007

Degenerate wrote: »

It would behove you to check what they actually claim for the product before spouting such rubbish:

Unfortunately you do seem to be able to distinguish reasoning from rubbish. Does Santander make any promise on ATM fees?

and:

Degenerate wrote: »

There's really no ambiguity in the wording. Only "some independent ATM providers" may charge, and there is no way a sister Santander subsidiary can be regarded as such.

This is true not just for Santander but for any other CC - they are simply highlighting a fact knowing that there will be a subset of people who will be unable to understand the offer and then complain that they have been had.

Degenerate

td_007 wrote: »

Unfortunately you do seem to be able to distinguish reasoning from rubbish. Does Santander make any promise on ATM fees?

Can you read? They specifically say that if you withdraw cash from an ATM there will be no fees, and only add the caveat that independent ATM providers may charge their own fees. Sorry, but the wording is perfectly clear and does not fit your distinction between cash advance fees and ATM fees - they shouldn't be charging for either.

td_007

Degenerate wrote: »

Can you read? They specifically say that if you withdraw cash from an ATM there will be no fees, and only add the caveat that independent ATM providers may charge their own fees. Sorry, but the wording is perfectly clear and does not fit your distinction between cash advance fees and ATM fees - they shouldn't be charging for either.

I can read...and the difference is I can also understand what I read. If you cannot comprehend the difference between fees that credit cards impose and those that ATMs impose then unfortunately this will always remain a mystery to you. Good luck.

Degenerate

td_007 wrote: »

I can read...and the difference is I can also understand what I read. If you cannot comprehend the difference between fees that credit cards impose and those that ATMs impose then unfortunately this will always remain a mystery to you. Good luck.

I am perfectly capable of comprehending the distinction between fees imposed by credit card and ATM providers. It is you that seems unable to comprehend that the claim they make in their marketing clearly precludes them from charging for either function in the case where they are acting as both.

withnell

td_007 wrote: »

I can read...and the difference is I can also understand what I read. If you cannot comprehend the difference between fees that credit cards impose and those that ATMs impose then unfortunately this will always remain a mystery to you. Good luck.

I read:

0% foreign exchange fee
0% cash advance fee

Neither of these fees have been charged. The only charge made to the OP was a charge on the cash machine, which is shown on the machine when making the withdrawal!

td_007

withnell wrote: »

I read:

0% foreign exchange fee
0% cash advance fee

Neither of these fees have been charged. The only charge made to the OP was a charge on the cash machine, which is shown on the machine when making the withdrawal!

Indeed as I have explained my post #20

Degenerate

withnell wrote: »

I read:

0% foreign exchange fee
0% cash advance fee

You ignored:

It’s reassuring to know that if you ever unexpectedly need cash from an ATM, you’ll pay zero fees for cash withdrawals1

and

[FONT=Arial, Helvetica]1 Some independent ATM providers may charge a fee for cash withdrawals. Cash Transactions charged at a standard rate of 27.9% APR. Interest charged on all cash transactions from date of transaction.[/FONT]

As did td_007, because it shows him to be wrong.

heloid

Ok, Cash Withdrawal fee does not equal ATM fee.
Cash withdrawal fee = %
ATM fee = fixed amount i.e 50p per use - Santander have no control over this as Santander might not have their own atms network even if it is branded santander.

You're getting them confused between the two.

Degenerate

heloid wrote: »

Ok, Cash Withdrawal fee does not equal ATM fee.
Cash withdrawal fee = %
ATM fee = fixed amount i.e 50p per use - Santander have no control over this as Santander might not have their own atms network even if it is branded santander.

You're getting them confused between the two.

If it's branded Santander, it's Santander. ATMs may be linked to networks like Cirrus (Mastercard) or Plus (Visa), but they still belong to individual banks and retain their own branding.

I've made it perfectly clear that I am aware of the two different types of fee, and that Santander's marketing promises not to charge either type.

"It’s reassuring to know that if you ever unexpectedly need cash from an ATM, you’ll pay zero fees for cash withdrawals" is plain English that states clearly you will not be charged any sort of fee.

"Some independent ATM providers may charge a fee for cash withdrawals." is more plain English stating the caveat that third parties may charge for the use of their ATMs. The use of the word independent makes it doubly clear that this is not intended to apply to Santander's own ATMs.

td_007

Degenerate wrote: »

I've made it perfectly clear that I am aware of the two different types of fee, and that Santander's marketing promises not to charge either type.

"It’s reassuring to know that if you ever unexpectedly need cash from an ATM, you’ll pay zero fees for cash withdrawals" is plain English that states clearly you will not be charged any sort of fee.

You have conveniently overlooked the bullet title:
> 0% cash advance fee
It’s reassuring to know that if you ever unexpectedly need cash from an ATM, you’ll pay zero fees for cash withdrawals1

Clearly the text under the bullet point refers to the advance fee ONLY.

Degenerate wrote: »

"Some independent ATM providers may charge a fee for cash withdrawals." is more plain English stating the caveat that third parties may charge for the use of their ATMs. The use of the word independent makes it doubly clear that this is not intended to apply to Santander's own ATMs.

The footnote as I have detailed before highlights some additional charge that may be applied by the ATM provider - the word independent can also refer to Santander operations in Argentina which are independent from the UK operations. A basic understanding of how MNCs operate will help you understand how companies create different legal entities in different geographies for various reasons.