Second card for my mother and withdrawals abroad

Any

Hi,

Hope someone can help me or has some experience.

My mother lives abroad (Europe). She has no bank account and she cannot get a bank account.
I need to get her regular monthly payment to help with her finances.
She would withdraw monies once a month as a lump sum.

I bank with Nationwide. I don't want to give her a card to my full current account. What I really need is a card, either in my name or her name as second holder from account held in my name that would only give her an access to a pool of money I assign to her.

Do you think I have to open a brand new account? Can I control them both on the same log in? Will the bank let me open two? Or do you think I should use some sort of other account (instant access savings or something) that can be added onto my online access?

Thank you

Archi_Bald

Pre-paid card(s) seems to be the answer.

Any

Any suggestions please?

So I could get her one and just keep topping it up when needed?
Any with low fees / good exchange rate for withdrawals abroad you can recommend?

Haven't thought of them..

grumbler

Any wrote: »

Do you think I have to open a brand new account?

Yes - if you "don't want to give her a card to ... full current account"

Can I control them both on the same log in?

Yes - if it's with the same Nationwide.

Will the bank let me open two?

Yes, although this isn't guaranteed.

Or do you think I should use some sort of other account (instant access savings or something) that can be added onto my online access?

Very few saving accounts come with cards. I don't know any at Nationwide.

Don't forget about currency exchange fees. At Nationwide only premium FlexPlus account doesn't charge for this. MSE article:

• Your Card's Overseas Charges

(you can find prepaid cards here as well).

Any

Just a note to add - she is in Europe, but country outside Euro currency. So far I looked at the recommended prepaid card and that seems to be a problem.

I know that only FlexPlus account don't charge for withdrawals. But FlexAccount doesn't have too high fees, and from experience offers brilliant exchange rates (I use it a lot).

It's not that I don't want her to have access to "full current account", but that I don't want to have access to my MAIN current account.

Sorry, by brand new account I meant to start from scratch. In application etc. Or if opening second one under my main account is easier. Difficult to explain..

Thank you

grumbler

A today's thread at HUKD: 99p for Pockit Prepaid Mastercard - £8.40 TCB - £7.41 Profit

It definitely charges for currency exchange though.

BTW, it's 2% and plus £1 for ATMs for Flexaccount. I am pretty sure you can apply for a second account from your online banking. BTW, you can make £50+ if you open an account with some other bank and switch it to Nationwide: http://www.nationwide.co.uk/products/current-accounts/landing-page/recommend-a-friend

Any

Yes, I know about the 2% and £1.
Without feeding big money into some account to make it premium it won't be any better anywhere else.

Thank you

Now I am contemplating 2 options...

Sending regularly £100 a month.

FlexAccount 2% and £1 ie £3 cost but good exchange rate

https://www.travelex.co.uk/services/cash-passport/globe-cash-passport
2.49% and not sure how good or bad the exchange rate is..

However it would be easier and without any checks to get the travelex card..

What do you think?

I will look at that article

Thanks again

Any

99p for Pockit Prepaid Mastercard - £8.40 TCB - £7.41 Profit

Hmm... it seems you load it at "PayPoints"
As I have never used Paypoint in my life, I assume you have to have that card with you to load it?

Ps. Ah, just found out you can load it online too

Thanks

Any

I already recommended 2 friends, and earned £100 :-)

grumbler

Any wrote: »

99p for Pockit Prepaid Mastercard - £8.40 TCB - £7.41 Profit

Hmm... it seems you load it at "PayPoints"
As I have never used Paypoint in my life, I assume you have to have that card with you to load it?

- for 99p.
They say at HUKD that you can do it for free by a bank transfer.

And they say at http://www.pockit.com/ :

Get up to 3 additional cards so you can share money

Any wrote: »

I already recommended 2 friends, and earned £100 :-)

Well, now it's time for them to recommend you then...;)

Any

Wow...
Travelex exchange rate
£1 = Kc33.93

VISA Nationwide rate
£1 = Kc36.08

Going to apply for second Nationwide..