Metro Bank stopping 0% f/x

soolin

SomeoneFromReigate said:

Fee free debit card transactions abroad is the only reason I have a Metro Bank current account.

I expect there to be some newspaper articles in the next few days pointing out alternatives.

Someone has pointed out that First Direct have fee free use of a debit card in Europe and luckily for me that's my main bank account.

Like many others my only reason for having a Metro bank account was for holiday spending, they are possibly the worst bank I have ever dealt with and I wonder if this will impact on the number of customers they have going forward.

mahharg

Just signed up for First Direct (fee free, including cash withdrawals) around the world. I will also be getting £175 cashback for switching my current account (Metro) to them. I had the metro card for european use. I also liked how if you lost your card you coud go to branch to get a new one same day. Now it's time to say goodbye to them.

gt94sss2

soolin said:

lr1277 said:

Metro bank don’t mention the fx fees on their credit card. As far as I know the credit card is fx fee free in many parts of Europe. But definitely don’t withdraw cash from an ATM using your Metro bank credit card.

That’s true, it would be nice if credit card transactions were still exchange fee free but it seems odd that debit cards will be charged going forward but not credit cards. 

The fee free use is one of the only reasons I have a Metro account , I may have to find an alternative if credit cards do get included. 

Got a letter from Metro Bank today. 

They are withdrawing from the credit card market and closing all existing accounts on the 10 September 2024