Virgin Money Current Account

M0N3Y_2

Hello,

I have a Virgin Money Current Account and I have just received a letter saying they are making changes to charges for using your debit card abroad.

It reads..

Great news if you are travelling abroad this summer

We have removed the 2.99% foreign exchange transaction fee from your account with immediate effect - we will update your terms and conditions at the earliest opportunity. This means if you are going abroad this summer, the only charge we will apply is:

> Cash machine withdrawals abroad: £1.50 per transaction
> Debit card purchases abroad: no charge

Just an FYI really for anyone that this may be of interest too.

Ta. :money:

SnowTiger

I was going to ask if they load the exchange rate. According to the FAQ section on their website, they don't.

https://ask.virginmoney.com/help/current-accounts/cacanusedcardabroard:

The exchange rate for overseas transactions is determined by VISA on the day they receive the transaction.

PeacefulWaters

Although MasterCard exchange rate is invariably better than Visa.

System

The 2.99% was the loading.
Banks all use the same terminology now.

SnowTiger wrote: »

I was going to ask if they load the exchange rate. According to the FAQ section on their website, they don't.

https://ask.virginmoney.com/help/current-accounts/cacanusedcardabroard:

USER_NAME

Thanks OP

I opened an account today. The account also offers 1% in-credit interest which is a bonus and has very few charges.

Will be going abroad soon so will be great to use this card for purchases. It's a snazzy looking card too if the one in the leaflet is the same as the one issued.