Natwest Visa Debit - New charges warning

masonic

stclair wrote: »

Youll get that fee if you pay with any visa debit card !!!

Not true. Halifax (and also a couple of other banks, IIRC) do not pass on the charge to customers.

DCFC79

Leigh-Anne_60 wrote: »

The thing is, i have made 'currency' purchases before using my maestro debit, which attracted no charges. Then bank then decides to switch me to VISA debit (i had no say in the matter) and sneakily slips in these new charges. Totally underhand imho.

no one had a say in the matter so it wanst just you, visa debit cards are better than maestro so i hear as you get better protection

Olipro

since it is being processed as a cash advance, you will find that any usage for gambling purposes, be it online or in a betting shop will also incur the fee.

jonnythurston

I think they have recently changed the rulings on foreign currency. It now costs the same over here as it would do abroad to change money using a debit card.

The best way is to either use cash to buy the currency or a Nationwide flex account card which doesn't have charges or load fees for europe.

Olipro

jonnythurston wrote: »

I think they have recently changed the rulings on foreign currency. It now costs the same over here as it would do abroad to change money using a debit card.

The best way is to either use cash to buy the currency or a Nationwide flex account card which doesn't have charges or load fees for europe.

cash exchange will never beat a Nationwide card regardless of whether it's inside or out of Europe.

Leigh-Anne_60

Olipro wrote: »

since it is being processed as a cash advance, you will find that any usage for gambling purposes, be it online or in a betting shop will also incur the fee.

Ive used it on a bingo site and not incurred any charges? Looking at the T&C's i think is just when buying foreign currency.

I know i can just withdraw & buy from the PO or M&S, but you always get a better rate online grrrrr :mad:

Wutang_2

Leigh-Anne_60 wrote: »

Ive used it on a bingo site and not incurred any charges? Looking at the T&C's i think is just when buying foreign currency.

I know i can just withdraw & buy from the PO or M&S, but you always get a better rate online grrrrr :mad:

Are you angry with yourself moreso?

Former_MSE_Alana

Hi Folks,

I just saw this thread and thought I'd point you to this section in our travel money guide:

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

"Beware when paying on credit OR debit cards!

Sadly, buying currency from a bureau de change in the UK on a credit or debit card isn’t always treated as a UK transaction. All credit cards and some debit cards charge an additional fee on top of what you pay the bureau de change. See a full list of cards that charge."

Click on the 'full list of cards that charge' link for the ones that do/don't charge for this.

Hope that helps,

MSE Alana

Spooneroonie

Felt a bit embarressed about yesterday's naive post, so asked about this when I was in the branch today (have an RBS Visa debit). Apparently this is a fee that the retailer charges that the bank passes on.

Ultimately doesn't make any difference to your pocket, and not sure why Visa debit passes this on, when maestro didn't before - but thought you might like to know...

masonic

Spooneroonie wrote: »

Felt a bit embarressed about yesterday's naive post, so asked about this when I was in the branch today (have an RBS Visa debit). Apparently this is a fee that the retailer charges that the bank passes on.

Ultimately doesn't make any difference to your pocket, and not sure why Visa debit passes this on, when maestro didn't before - but thought you might like to know...

It's a Visa charge, not a retailer charge. A few banks absorb it themselves, whereas others do not.