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abbey zero card

Hi
Does this mean that you can fly out to europe, go to a cashpint and draw out 500 in euros without any charge?
what would be the conversion rate compared to going to the post office?
I just went to the post office site and converted £500 to euro and then sold it back.

£500 = €612 = £440

£60 down - wow

with the zero card the interest rate is payable if you dont pay it within a month?

any help appreciated

Thanks

Comments

  • Incapuppy
    Incapuppy Posts: 5,713 Forumite
    Are the T&Cs of this card not on the Abbey website?

    Why would you want to buy £500 worth of Euros and then change them back?
  • Notebook
    Notebook Posts: 297 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I didnt, just wanted to see what I would lose.

    Just got back from cyprus. Booked the holiday, exchanged my currency (£400), then friends and I upgraded to all inclusive, so spent !!!!!! all money and then had to change it back.
  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    You would pay interest from the date of withdrawal - that's the only snag.
    The conversion rate would be 5% or a little more worse at the Post Office where spreads are usually around 5% for buying and 7 to 8% for buying back

    Apart from that it's fine.
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