M&S Travellers Cheques

Credit_Jake

Is it still possible to buy M&S travellers cheques with a 0% purchase credit card (does it have to be M&S?) and deposit the money into your current account for a fee of 1%. Thinking this could be the cheapest way of obtaining £5000. Does anyone know if A&L (Santander) accept TC's?

Thanks :beer:

Jake

YorkshireBoy

Credit_Jake wrote: »

Is it still possible to buy M&S travellers cheques with a 0% purchase credit card (does it have to be M&S?) and deposit the money into your current account for a fee of 1%.

The T&Cs, for both the M&S card itself and M&S travel money, haven't changed, so the answer is yes...but you must use an M&S card.

Thinking this could be the cheapest way of obtaining £5000. Does anyone know if A&L (Santander) accept TC's?

If I was contemplating buying £5K worth I'd be asking Santander directly.

Credit_Jake

Thanks for replying, I'm clueless what you actually do though . Do Santander sell them? I thought that people went to M&S because of the small 1% fee?

YorkshireBoy

Credit_Jake wrote: »

I'm clueless what you actually do though .

1. Get an M&S credit card
2. Buy Sterling TCs with the M&S card from an M&S bureau de change (online/phone/in-store)
3. Take the TCs to your bank and pay them in
4. Wait for them to clear
5. Grab the cash!

It really is that simple, but with one caveat...make sure your bank will accept them before buying them.

Credit_Jake

What sort of size do they come in, I just read someone having to sign 140 signatures! Anybody know if A&L (Santander) accept them? Thanks again

TC1

Credit_Jake wrote: »

What sort of size do they come in, I just read someone having to sign 140 signatures! Anybody know if A&L (Santander) accept them? Thanks again

I purchased about 5k's worth and was signing for what seemed to be hours. Not sure if I could have asked for high denominations when I applied but hey it was worth it.



I took mine to NATWEST...not sure about SANTANDER..give them a ring.

YorkshireBoy

TC1 wrote: »

I purchased about 5k's worth and was signing for what seemed to be hours.

I did £9K twice...two separate stoozes 18 months apart...in 100s and 50s!

And 2 lots of signatures in each course...because you have to sign again when you get to the bank!

Not sure if I could have asked for high denominations when I applied

I was told in-store that I could have pre-ordered in £500 denominations.

I took mine to NATWEST.

Mine went to LTSB & Nationwide.

Credit_Jake

You can buy them instore so surely you could use any CC as long as it's 0% purchase interest? But thanks for the help will ring Santander tomorrow!

Credit_Jake

Says maximum order £2500, can you order twice straight away or should I wait a few days?

dzug1

Credit_Jake wrote: »

You can buy them instore so surely you could use any CC as long as it's 0% purchase interest? But thanks for the help will ring Santander tomorrow!

They are a cash advance, not a purchase, so will attract interest with virtually all cards.

Credit_Jake

dzug1 wrote: »

They are a cash advance, not a purchase, so will attract interest with virtually all cards.

But not M&S cards?