Club Lloyds removing FX fee on Debit card

TeaBee72

We’re removing our debit card foreign currency fees

On 14 April 2025, we’re removing our debit card fees for your account

when you:

• Make a payment in a foreign currency

• Take out money in foreign currency or pound sterling at a cash machine,

or over the counter, outside the UK, Channel Islands or Isle of Man

• Take out money in a foreign currency at a cash machine in the UK,

Channel Islands or Isle of Man.

If you’re abroad, and choose to pay for something in pound sterling, the

provider of the currency conversion may still charge you. Also, if you’ve

added Travel Smart to your account, you’ll no longer need it and we’ll

remove it on 14 April 2025.

We’re increasing the Club Lloyds monthly fee from

£3 to £5 - but it can still be waived

The fee will change from 2 June 2025 and apply the following month. This is

waived each month that you pay in £2,000 or more.

wiseonesomeofthetime

Need them to do this on all their credit cards now.

TwiceNightly

wiseonesomeofthetime said:

Need them to do this on all their credit cards now.

That would be amazing, do you think there's a chance they might do that?

J63320

Too late for me. I’ll be going abroad this year for the first time in decades, and will need a fee-free card, so I opened a second current account with another provider only last week. At least it’ll be a bit of insurance against system outages - and I’ll have access to another regular saver.

ETA: I’ve not yet had notification of this change from Lloyds.

Paul_01

TwiceNightly said:

wiseonesomeofthetime said:

Need them to do this on all their credit cards now.

That would be amazing, do you think there's a chance they might do that?

They do offer it on at least one of their credit cards, as I recently got one. The offer is for 60 months apparently.

It's the Platinum Mastercard that I have.

TwiceNightly

Paul_01 said:

TwiceNightly said:

wiseonesomeofthetime said:

Need them to do this on all their credit cards now.

That would be amazing, do you think there's a chance they might do that?

They do offer it on at least one of their credit cards, as I recently got one. The offer is for 60 months apparently.

It's the Platinum Mastercard that I have.

That's the £15 per month Word Elite one though isn't it?

I have the regular Platinum Mastercard Credit Card and don't think I get that benefit

Paul_01

The card that I have has no fee.

TwiceNightly

Do you have the World Elite one where you pay £15 per month?

General_Grant

J63320 said:

Too late for me. I’ll be going abroad this year for the first time in decades, and will need a fee-free card, so I opened a second current account with another provider only last week. At least it’ll be a bit of insurance against system outages - and I’ll have access to another regular saver.

ETA: I’ve not yet had notification of this change from Lloyds.

A Lloyds email alerting me to an online message about this was received at precisely 11:00 today.

Paul_01

TwiceNightly said:

Do you have the World Elite one where you pay £15 per month?

No, app just says Platinum Mastercard. No fee. No fx fees for 60 months.

DoboChopSueyBar

TwiceNightly said:

wiseonesomeofthetime said:

Need them to do this on all their credit cards now.

That would be amazing, do you think there's a chance they might do that?

Donkeys years ago their Duo Avios cards (Amex + MC) didn't charge extra for non GBP transactions. They also offered a fairly generous 2 avios per £1 spend (cards were free). It was quite rare to see an Amex card in UK which had a 0% forex charge, the only other one i knew was MBNA Everyday Amex. But once Lloyds stopped offering Amex, then they removed the 0% forex charge on their MC Avios.

RIP Duo