the new egg money card

pinkfluffybabe

asandwhen wrote:

yes even when you go into the red -

That's not right. The website says that when you are in the red, you will be charged as normal. You are only not charged when withdrawing your own cash so to speak.

Twopints

So if you have a credit balance of, say, £500 and you withdraw £1000 (or £10,000!) cash - how would that be treated ?

Would it be treated as 2 transactions e.g. free withdrawal of £500 of your own money and £500 "cash advance" attracting a charge ? Or all as one or the other ?

Yolk_2

You'll not be charged a cash withdrawl fee even if you have a negative balance. You'll only be charged for foreign withdrawls.

Twopints

OK. So in my previous example you would not be charged any "fee", or any interest on your own £500, BUT you would then start to incur interest at (6.9%, 15.9%, x% - delete as appropriate) on any "normal" debt ?

asandwhen

pinkfluffybabe wrote:

That's not right. The website says that when you are in the red, you will be charged as normal. You are only not charged when withdrawing your own cash so to speak.

I think they mean you will be charged interest as normal - you do not get charged for taking money out even if in the red.

Yolk_2

Trust me, I've done the training and I'm running people through it all. There's no fee, I just checked with my team leader

asandwhen

yolk have sent you a pm.

DesG

So is there no 2.75% fee for foreign cash advances?

Marigold123

Yolk wrote:

You'll not be charged a cash withdrawl fee even if you have a negative balance. You'll only be charged for foreign withdrawls.

Ah, so you will still pay for foreign withdrawals. I was wondering about that. Do you know whether it's the normal cash advance fee plus the currency conversion weighting, or just the weighting?

Yolk_2

2.65% for foreign transactions.