Fairfx - Removing funds

Robsie71

What is the best (Cheapest) way to remove funds following return from the states. I had intended to clear the card at the ATM while still away but a lesson learned is to not use it to pre-auth a damage deposit as the $300 didnt become available again till we got back!!

Happy fr charges at the ATM but is the exchange rate the same i.e. value at load as dont want to take too many £'s out and get stung for going overdrawn.

Thanks

Nick

ferf1223

you can't go overdrawn, there's no overdraft facility on a FairFX card.

Their website gives the options:

If you wish to withdraw your money, we recommend that you do so via any UK ATM that accepts MasterCard®. This is the cheapest way to withdraw your money as you only pay either EUR €1.50 or USD $2.00 per ATM withdrawal (depending on which card you have). The balance will be converted back into Sterling at the MasterCard® rate. This may leave a small residual balance on the FairFX Currency Card as ATMs are limited by the notes that they can dispense, but this is typically the most convenient and cheapest method.


If you prefer the money in one lump sum, we can arrange for any unused funds on your FairFX Currency Card to be refunded to you, once all transactions and fees have been deducted, including the refund fee, unless you have arranged to transfer any unused funds to another foreign currency card managed by us. We calculate the exchange rate based on the rate on that day. Our buy back rates are equally as competitive as the rates that we sell currency at. You will also have to pay a Refund Fee of £10.00.


https://www.fairfx.com/cardfaq/#viewport