Currensea - easy £10 from Top Cashback

Nick_C

Top Cashback are currently paying £10 for approved Currensea Personal Card applications.

No cost in applying for the card, or credit checks.  From applying to payable takes about 10 days.  Keep the card for 90 days, or they could reclaim the cashback.

kaMelo

Stupid question, can you spend using this in the UK? ( I have looked but can't see anything to say yes or no)

Nick_C

kaMelo said:

Stupid question, can you spend using this in the UK? ( I have looked but can't see anything to say yes or no)

According to https://www.headforpoints.com/2022/12/21/currensea-card-review/

"The card is not designed to be used in the UK – and there is no logical reason to do so, given that you can use your exising bank debit card for free – but you can do so if you wish. There is a daily limit of £250, however. You cannot use it for ATM withdrawals in the UK."

Personally, I probably won't use the card.  I just fancied the free £10.  I use Chase, Halifax, or Curve + Barclaycard when I'm abroad.

k_man

I have used mine in UK for normal GBP payments, although as above, no real benefit in doing so.

Apart from, as it is backed by a direct debit from a current account, it can be useful for required DDs, albeit needs a manual purchase.
So turns a debit card payment into a direct debit.

RN61

Another DD (well 2,see edit below!) always handy and so is £10.

Attempted to set up card with spare bank RBS, which has been in existence for two years and has little money going in and out. 

"The bank account you have linked isn't eligible for a card. This is because it is either fairly new or not in regular use. Click the button below to go back and link your main account."

Finally set up on Nationwide ac with more transactions showing on it.

After doing that I've ended up with two autorenewing direct debits, primary on RBS, secondary with Nationwide (latter presumably acts as fallback in event first account has insufficient funds). So two direct debits for the price of one! 

Thanks for posting 

kaMelo

Thanks for the answers. I should perhaps have been more expansive in my question. It wasn't that I thought there may be any benefit of using the card in the UK, more the fact it is a possible easy direct debit to set up.

I'll give it a go and see what happens.

k_man

 Part of their credit checks (for want of a better term) is to check if the linked account is likely to be able to fund the direct debit for any future payments.

 The alternative would probably be a hard search, and full blown credit agreement.


 
 

Nick_C

Currensea actually set up two different links to your current account.  One is "account sharing", which is the standard open banking connection that allows them to see two years of data.  The other is a special type of link called "Confirmation of Funds", which I had not seen before, but will allow them to check that you have funds in your account to cover the DC transaction prior to authorising it.

Far more detail than anyone is likely to want is provided here; https://standards.openbanking.org.uk/customer-experience-guidelines/card-based-payment-instrument-issuers-cbpiis/confirmation-of-funds-y-n-response/latest/