caxton euro card V cumberland debit card

g4jnw

We are going to fuertoventura next month, never been there before so its worth asking others.
We have for the last few years loaded our caxton card as we have found it cheaper than using our bank cards.
However this year we have a Cumberland building society account and they say there are no fees.
What they don't say is what the exchange rate is?

Have any of you used the Cumberland debit card in the euro zone and how does it compare?

Thanks

Baldur

They tell you the rate here - http://www.cumberland.co.uk/current-accounts

So you can withdraw cash at ATMs and pay for goods in shops where you see the Visa sign anywhere in the world and we won't charge you or pass on any fees levied by Visa. The Cumberland does not charge you to use your Cumberland card but the provider of an ATM or retailer may apply a charge.

So, you will receive the prevailing VISA rate for the date on which the transaction is notified to VISA by the trader/ATM operator.

For a transaction today you would expect to receive the VISA rate of 1.15207505999431.

g4jnw

Baldur wrote: »

They tell you the rate here - http://www.cumberland.co.uk/current-accounts

So, you will receive the prevailing VISA rate for the date on which the transaction is notified to VISA by the trader/ATM operator.

For a transaction today you would expect to receive the VISA rate of 1.15207505999431.

Thanks for your reply - it prompted me to ring the Cumberland and then the confusion started.
The operator told me that the rate is taken from the royal bank of scotland which was 1.09 and caxton is showing 1.11 the prices quoted is the actual amount you get at the atm on the 31st May 2011 so i think we will leave some money in the Cumberland and load up some money to the Caxton - never had difficulty withdrawing from the Caxton but you just have to watch as some banks charge an extra fee locally, i just avoid them - I said i had the euro card have checked the card and it the global traveller card, the downside for that card is that if you have money left in after your holiday and need it back in pounds then Caxton charge you £1.50 per transaction.
http://www.caxtonfxcard.com/feesncharges.asp?dist=CAXTGENL

Baldur

g4jnw wrote: »

Thanks for your reply - it prompted me to ring the Cumberland and then the confusion started.
The operator told me that the rate is taken from the royal bank of scotland which was 1.09 and caxton is showing 1.11 the prices quoted is the actual amount you get at the atm on the 31st May 2011 so i think we will leave some money in the Cumberland and load up some money to the Caxton - never had difficulty withdrawing from the Caxton but you just have to watch as some banks charge an extra fee locally, i just avoid them - I said i had the euro card have checked the card and it the global traveller card, the downside for that card is that if you have money left in after your holiday and need it back in pounds then Caxton charge you £1.50 per transaction.
http://www.caxtonfxcard.com/feesncharges.asp?dist=CAXTGENL

Your choice, I know that I wouldn't be using the Caxton card.

I'll be using my Norwich & Peterborough or Metro Bank debit cards, when I'm abroad from the end of this month, both of which operate in the same way as the Cumberland one - albeit the Metro Bank card uses the Mastercard, rather than VISA rate.

g4jnw

Baldur wrote: »

Your choice, I know that I wouldn't be using the Caxton card.

I'll be using my Norwich & Peterborough or Metro Bank debit cards, when I'm abroad from the end of this month, both of which operate in the same way as the Cumberland one - albeit the Metro Bank card uses the Mastercard, rather than VISA rate.

The reason for splitting the money really is that I have had the Cumberland card fail in one bank in the UK, still don't know why but it did.
I would hate to be stuck without money on my holiday, once i have used it i will probably feel more confident if it works ok.

dzug1

g4jnw wrote: »

Thanks for your reply - it prompted me to ring the Cumberland and then the confusion started.
The operator told me that the rate is taken from the royal bank of scotland which was 1.09 and caxton is showing 1.11 the prices quoted is the actual amount you get at the atm on the 31st May 2011 so i think we will leave some money in the Cumberland and load up some money to the Caxton - never had difficulty withdrawing from the Caxton but you just have to watch as some banks charge an extra fee locally, i just avoid them - I said i had the euro card have checked the card and it the global traveller card, the downside for that card is that if you have money left in after your holiday and need it back in pounds then Caxton charge you £1.50 per transaction.
http://www.caxtonfxcard.com/feesncharges.asp?dist=CAXTGENL

The operator was talking ******. Probably the rate you would get if you exchanged cash in one of their branches**

Call centre staff rarely understand foreign exchange in any detail - any more than branch staff

** 100% certain of this - the visa site comes up with 1.09 using a 5% loading for 31 May. 5% is a typical loading for cash exchange in the UK.