Cash Advance Fee on Debit Card

dzug1

gilesb wrote: »

I see. Thanks a lot. So every transaction attracts a charge to the retailer and that varies by the type of card. Presumably the smallest is Maestro as Travelex don't pass any of it on.

In Thomas Cook they have machines at their Foreign Exchange counters for which Cash Advances apply and machines at their travel counters for which they don't. I once bought a timetable and was charged on the foreign exchange counter as a cash advance which I thought strange, presumably it was them that chose to process the transaction that way.

Travelex don't charge the customer- where there is a charge it's the bank that issues the card that makes it. Some Visa card issuers charge, some don't. Maestro card issuers (assuming there are any left) don't.

In Thomas Cook the machines at the foreign exchange counter will be set up on the assumption that all transactions will be currrency sales, at the travel counters it's assumed that everything is travel. Your timetable being sold at the exchange counter was a mistake - probably because the member of staff didn't think about - or even know - the consequences in terms of charges.

gilesb

dzug1 wrote: »

Travelex don't charge the customer- where there is a charge it's the bank that issues the card that makes it. Some Visa card issuers charge, some don't. Maestro card issuers (assuming there are any left) don't.

In Thomas Cook the machines at the foreign exchange counter will be set up on the assumption that all transactions will be currrency sales, at the travel counters it's assumed that everything is travel. Your timetable being sold at the exchange counter was a mistake - probably because the member of staff didn't think about - or even know - the consequences in terms of charges.

Thanks. I understand the Visa network raises a charge on banks for these 'cash advances', some don't pass it on to customers, others add to it and pass it on

gilesb

I know they will vary from individual contracts between the below 4 types of organisations, but does anyone have any idea of the order of magnitude of fees charged by 1) The Visa network and 2) Card Merchant services people to A) Retailers and Banks for the below:
* Cash Advance Transactions
* Sales transactions

I am about to by a car using Visa Debit, I know I'll pay no fee, but I am interested to know who of the above are going to be making money from the transaction.

Woodcote52

Bought euros on line last week with my HSBC Masterard. Have been charged a cash advance fee. Wasn't expecting this!

Have read that a fee is charged on debit cards. Is a fee normally charged on a credit card?

daveyjp

Almost all credit card cash advances attract a fee, foreign or sterling. As Mr MSE advises. Never use them to withdraw cash.

Blitzwing85

Woodcote52 wrote: »

Bought euros on line last week with my HSBC Masterard. Have been charged a cash advance fee. Wasn't expecting this!

Have read that a fee is charged on debit cards. Is a fee normally charged on a credit card?

I've just been charged the same using BoS Mastercard. £12.12 charge for getting 500 EUR online for a trip this week.

Very annoying as i've used the card to buy foreign currency before and used many other cards to buy currency dozens of times and not been charged.



I reckon they will refund it when I ring up today to cancel the card though ;-)