Lloyds Tsb Charge You For Using Your Debit Card!

robertjonesuk

banks exist to make profit. every other company exists to make profit. if you don't want to pay for anything go and look around and read T&C and stop complaining guys !!!!!

Nikko5

daveboy wrote: »

Feel free to change your bank....you'll only be caught out again as quite evidently you won't..........

Not necessarily so! This very web-site lists the banks which charge for purchasing foreign currency in the UK with a debit card and those which don't (scroll down below the calculator bit):

http://travelmoney.moneysavingexpert.com/

I would strongly suggest you change banks to one of those which doesn't charge for this type of transaction if you need to buy forex regularly!

Or better still get a Nationwide flex account and make the transactions when you actually arrive overseas (I accept this can't always be done, say maybe if you wanted US$ to take to a country which largely uses them in preference to its own local currency etc).

dzug

efallai wrote: »

I've got to say that I disagree with this - I would judge that they make far more money on lending yours out and charging sometimes extortionate interest on it, than it does to say authorise your debit card transactions in a month, or the maintenance costs of ATMs (considering they always seem to be out of order!)

Maybe maybe not - I would judge that banks make very little on the average current account. It's additional 'services' and products like insurance and loans that they profit on.

You make it sound like the banks are doing us a favour by "looking after" our money - if they had no customers, they'd have no business and would make no profit![/quote]

Well if you want to put it that way - you are also doing them a favour by giving them your money to 'look after'. I'd prefer to stick to the 'provision of a service' as a less emotive term. The price they charge you for that service (ie generally nothing) bears no relation to the cost of providing that service. So why should the cost of providing extra or non standard services bear any relation to costs either?

I'm not saying that they 'should' charge in this way, more that it's perfectly legitimate and that complaints that 'it's not fair' are misplaced.

There are always alternatives if you dislike it enough to move banks.

angel81uk

It's a charge that few people are aware of unfortunately. I know when I worked in a travel agents doing foreign exchanges we had to inform all our customers that their bank would charge them if they used a debit card, we also required more ID if they wanted to pay by card. It was so much easier to send them to the cashpoint next door and come back 30 seconds later to do the transaction paying in cash!

mrmajika

angel81uk wrote: »

It's a charge that few people are aware of unfortunately. I know when I worked in a travel agents doing foreign exchanges we had to inform all our customers that their bank would charge them if they used a debit card, we also required more ID if they wanted to pay by card. It was so much easier to send them to the cashpoint next door and come back 30 seconds later to do the transaction paying in cash!

Agreed. As a LTSB staff member, I got stung with this a couple of months back.

ShelfStacker_3

baysieboy wrote: »

Maybe I should have read all the dross the Bank sends out

What, a legal document that you have to agree with as part of a contract? Yeah, you probably should have read it before you signed the contract.

While Lloyds are usurious scrotes, I honestly can't fault them here.

Meltdown_2

ejones999 wrote: »

Turn your last paragraph but one round and you would get - no banks - no debit or credit cards - no cheques - no electronic payments - no standing orders or direct debits <snip>

No credit-crunch - no overdrafts - no need for MSE forums ... :eek: :rotfl: