Prepaid Card abroad?

chattychappy

!!!!!!_Turpin99 wrote: »

The exchange rates seem quite close between FairFX & the official exchange quoted on BBC......for example the other day was 1.6070, FairFX offered 1.5750 and it seems to run at that kind of difference.
As others correctly say there's an ATM fee which for me is $2 per transaction and a limit of $1,000 per day

Well... that's 2% off and $2 per transaction. Not far off the new NW Flexaccount regime (though not sure what the BBC rate is). I thought FairFX was better?

sunnysideupchuck

If you are a Nationwide customer (like me) and you don't want to pay when you're abroad Caxtonfx are currently doing an offer where you get £5 when you sign up! Think it ends soon though so sign up quick. Their cards are free to use abroad just like nationwide used to be. Good exchanges rate too.

Dick_Turpin99

sunnysideupchuck wrote: »

If you are a Nationwide customer (like me) and you don't want to pay when you're abroad Caxtonfx are currently doing an offer where you get £5 when you sign up! Think it ends soon though so sign up quick. Their cards are free to use abroad just like nationwide used to be. Good exchanges rate too.

Thanks Chuck. Maybe I will open up one of these and run it alongside my FairFX card next year just to see how they compare.

Additional info.
I just did some research re. their rates
CaxtonFX is 1.5810 - no ATM fee within EuroZone or USA, outside this there is a charge of 2.5% per transaction. Max $750 per day
FairFX is 1.5875 - add $2 ATM fee. Max $1000 per day
Quoted rate 1.6060

fibonacci_2

:jI use Kalixa, it offers a better rate than Fair FX and Caxton.
and as the money is held in £sterling, you can keep using the card here in the UK if you still have money on the card.

It only downside is that it does charge for ATM withdrawals, but i always withdraw large amounts, so that even with the ATM fee, i still save money coz the rate is so good.

Dick_Turpin99

Interesting. But I just looked on their site to see what rates they offered....couldn't find it

http://www.kalixa.com/en-gb/Guest-Areas/About-Kalixa/What-is-Kalixa/

fibonacci_2

!!!!!!_Turpin99 wrote: »

Interesting. But I just looked on their site to see what rates they offered....couldn't find it

Hi I tried to post the link to the Currency rates for Kalixa,
but it wont let me.

If you go on the fees page, then at the bottom is a link for the currency rates.

Just checked todays rates for Kalixa:

£1 = $1.58080
£1 = €1.17484

Dick_Turpin99

fibonacci wrote: »

Hi I tried to post the link to the Currency rates for Kalixa,
but it wont let me.

If you go on the fees page, then at the bottom is a link for the currency rates.

Just checked todays rates for Kalixa:

£1 = $1.58080
£1 = €1.17484

I just bought some dollars earlier this morning off FairFX, the rate I got was 1.5550 : 1, the official rate was 1.5830 - difference of 0.0765

How much are your ATM fees? Mine are $2 per transaction, as you I always pull out a large amount ($900)....so its not so important