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  • FIRST POST
    • MSE Helen Saxon
    • By MSE Helen Saxon 28th May 15, 11:15 AM
    • 75Posts
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    MSE Helen Saxon
    0 WOW
    Prepaid Travel Cards guide
    • #1
    • 28th May 15, 11:15 AM
    0 WOW
    Prepaid Travel Cards guide 28th May 15 at 11:15 AM
    Hi!

    This is the discussion thread for the



    Click reply below to discuss. If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.


    Thanks folks,
Page 56
    • barryheffron
    • By barryheffron 4th Jul 18, 1:50 PM
    • 393 Posts
    • 34 Thanks
    barryheffron
    Short notice!
    Hi,

    My family and I are for Spain in 2 weeks, our first holiday abroad, and I've only just heard about these cards.

    It sounds like a good idea getting one but I noticed on most of the recommendations on the main site, there were lead times of up to 10 working days.

    As we leave on 17th that means 10 working days would exceed that date so I'm thinking I would be at risk ordering one now.

    Are they likely to take that long?

    I don't really know much about them so was going to go for the Revolut one as it seems to be the highest recommendation.

    I take it i just load money on it and then when in Spain i can just use it like an ordinary debit card?
    Last edited by barryheffron; 04-07-2018 at 2:05 PM.
    • eDicky
    • By eDicky 5th Jul 18, 9:09 AM
    • 3,809 Posts
    • 1,982 Thanks
    eDicky
    As we leave on 17th that means 10 working days would exceed that date so I'm thinking I would be at risk ordering one now.
    Originally posted by barryheffron
    When there's no cost, there's nothing to risk. Don't delay signing up for several, at least one should arrive. Starling Bank debit card should take no more than three days. Use normally, never pay in pounds and reject any ATM's offer to convert your pounds.

    There's also https://loot.io/
    • barryheffron
    • By barryheffron 5th Jul 18, 11:49 AM
    • 393 Posts
    • 34 Thanks
    barryheffron
    When there's no cost, there's nothing to risk. Don't delay signing up for several, at least one should arrive. Starling Bank debit card should take no more than three days. Use normally, never pay in pounds and reject any ATM's offer to convert your pounds.

    There's also https://loot.io/
    Originally posted by eDicky
    I signed up for Revolut but had to transfer £10 to get them to send me the card.

    Delivery is expected to be by 17th July, the day i'm going!!

    Didn't want to pay for tracking or premium

    They also charged me the £4.99 fee as noted by people above so i went onto the Live Agent to see about getting a refund but it said i have a 24 hour wait!!

    I have also signed up for Loot as per your recommendation so just waiting on the ID verification to go through.

    They said their card should be with me by 12th July.

    If both arrive i will have to see who is giving the best rates at the time.

    Do you know if there is a delay between uploading money to Loot and being able to use it?
    • EveryWhere
    • By EveryWhere 5th Jul 18, 11:56 AM
    • 784 Posts
    • 355 Thanks
    EveryWhere
    I signed up for Revolut but had to transfer £10 to get them to send me the card.

    Delivery is expected to be by 17th July, the day i'm going!!

    Didn't want to pay for tracking or premium

    They also charged me the £4.99 fee as noted by people above so i went onto the Live Agent to see about getting a refund but it said i have a 24 hour wait!!

    I have also signed up for Loot as per your recommendation so just waiting on the ID verification to go through.

    They said their card should be with me by 12th July.

    If both arrive i will have to see who is giving the best rates at the time.

    Do you know if there is a delay between uploading money to Loot and being able to use it?
    Originally posted by barryheffron
    What made you choose those over https://www.starlingbank.com/travel/ ?
    • eDicky
    • By eDicky 6th Jul 18, 9:25 AM
    • 3,809 Posts
    • 1,982 Thanks
    eDicky
    Do you know if there is a delay between uploading money to Loot and being able to use it?
    Originally posted by barryheffron
    There's no delay.

    Unused funds on Revolut can be sent back to your bank, or elsewhere, without fee. The same with Loot.
    • barryheffron
    • By barryheffron 6th Jul 18, 9:50 AM
    • 393 Posts
    • 34 Thanks
    barryheffron
    What made you choose those over https://www.starlingbank.com/travel/ ?
    Originally posted by EveryWhere
    Honestly?

    I didn't see it suggested to me so didn't know about them.

    Would you recommend them over the others I applied for?
    • DaveC07510
    • By DaveC07510 6th Jul 18, 11:09 AM
    • 7 Posts
    • 4 Thanks
    DaveC07510
    Morning, I can't find the answer to this anywhere in these forums, but in case it has cropped up, apologies in advance.

    We do have a Halifax Clarity card. We pay it off immediately we get home. Tick that one off.

    However, as a result of an inheritance, we have a Barclays foreign currency account which has a few grand in EUROs in it. Barclays say that they do not supply a debit card for this account, although you can get money out by BACs (so travellers cheques are an option).

    We go to Europe two or three times a year. EU countries and Switzerland. So, what I wanted to ask was whether anyone had heard of a prepaid card that you can preload with Euros from a UK EURO account? We would also want to preload some Swiss francs onto the card which we would want to buy with GBP or Euros depending on the the prevalent exchange rate between Euro - CHF and GBP - CHF.

    Thanks in advance for any help.

    Dave
    • EveryWhere
    • By EveryWhere 6th Jul 18, 10:08 PM
    • 784 Posts
    • 355 Thanks
    EveryWhere
    Honestly?

    I didn't see it suggested to me so didn't know about them.

    Would you recommend them over the others I applied for?
    Originally posted by barryheffron
    It was eDicky's first suggestion in his initial reply to you. https://forums.moneysavingexpert.com/showthread.php?t=5249833&page=56#1102
    He just didn't bother to provide a link.
    Yes, as it has no limit or cost attached to ATM withdrawals.
    • EveryWhere
    • By EveryWhere 6th Jul 18, 10:22 PM
    • 784 Posts
    • 355 Thanks
    EveryWhere
    Morning, I can't find the answer to this anywhere in these forums, but in case it has cropped up, apologies in advance.

    We do have a Halifax Clarity card. We pay it off immediately we get home. Tick that one off.

    However, as a result of an inheritance, we have a Barclays foreign currency account which has a few grand in EUROs in it. Barclays say that they do not supply a debit card for this account, although you can get money out by BACs (so travellers cheques are an option).

    We go to Europe two or three times a year. EU countries and Switzerland. So, what I wanted to ask was whether anyone had heard of a prepaid card that you can preload with Euros from a UK EURO account? We would also want to preload some Swiss francs onto the card which we would want to buy with GBP or Euros depending on the the prevalent exchange rate between Euro - CHF and GBP - CHF.

    Thanks in advance for any help.

    Dave
    Originally posted by DaveC07510
    You can probably fund https://www.revolut.com from your Euro account if you want to spend in Euros and other currencies. Not sure if Revolut are still offering a free debit card.
    You can also try https://transferwise.com/gb/borderless/ if you want to spend in the same currency as that you deposit. You can spend in others, but there will be a relatively small forex fee.
    • eDicky
    • By eDicky 7th Jul 18, 9:44 AM
    • 3,809 Posts
    • 1,982 Thanks
    eDicky
    We go to Europe two or three times a year. EU countries and Switzerland. So, what I wanted to ask was whether anyone had heard of a prepaid card that you can preload with Euros from a UK EURO account? We would also want to preload some Swiss francs onto the card which we would want to buy with GBP or Euros depending on the the prevalent exchange rate between Euro - CHF and GBP - CHF.
    Originally posted by DaveC07510
    There are two ways to send your euros to a Revolut account, either to your personal IBAN that they provide, or to their general euro account at Lloyd's with your personal reference number. You can check which will involve less fees from Barclays.

    Consider a multicurrency account with Fineco Bank UK, instead of Barclays.
    • DaveC07510
    • By DaveC07510 8th Jul 18, 7:46 AM
    • 7 Posts
    • 4 Thanks
    DaveC07510
    Thanks Everywhere and eDicky, three new avenues to look up.


    I think Barclays charge for IBAN through a UK foreign currency account, but not for when you 'pay' someone through BACs or similar, so a transfer to Revolut's bank account might be the way to do it.


    I'll look into Fineco.


    Looked at Transferwise, but it isn't clear whether you can or can't. Obviously, these companies make their money on when currencies are being exchanged and I would only be exchanging euro into CHF.


    I'll let this forum know if I find a definitive nil/low cost solution.
    Thanks
    • Jptravel
    • By Jptravel 8th Jul 18, 10:08 AM
    • 1 Posts
    • 0 Thanks
    Jptravel
    Hi, my son's setting off for a year in Java for study abroad in a few weeks. Credit cards don't seem an option because he's a student so has low credit score.

    We were thinking of a Revolut card for card spending and a Caxton FX card for ATM withdrawals (because not ATM use fee)

    We were also wondering about me getting a Caxton card in my name with him as additional card holder so I CD get cash to him quickly in emergencies

    Any advice or better suggestions very gratefully received.

    Thanks all
    • eDicky
    • By eDicky 8th Jul 18, 10:53 AM
    • 3,809 Posts
    • 1,982 Thanks
    eDicky
    Caxton exchange rates are poor compared to the interbank rate given by Revolut (slightly off on weekends), or the MasterCard rate without fees or ATM limits with a Starling Bank debit card. Similarly Monzo (fee free ATM use limited to £200/mth) and Loot.io (first two withdrawals per month free, £1 each thereafter).

    He should take at least two different ones, they cost nothing, and can all receive funds from you by faster payment if needed.
    • EveryWhere
    • By EveryWhere 8th Jul 18, 10:56 AM
    • 784 Posts
    • 355 Thanks
    EveryWhere
    Hi, my son's setting off for a year in Java for study abroad in a few weeks. Credit cards don't seem an option because he's a student so has low credit score.

    We were thinking of a Revolut card for card spending and a Caxton FX card for ATM withdrawals (because not ATM use fee)

    We were also wondering about me getting a Caxton card in my name with him as additional card holder so I CD get cash to him quickly in emergencies

    Any advice or better suggestions very gratefully received.

    Thanks all
    Originally posted by Jptravel
    https://www.starlingbank.com/travel/

    https://loot.io as a back up card.

    For credit cards, look at Aqua Advance or Aqua Reward for purchases, hotels etc; https://www.aquacard.co.uk/credit-cards/ or perhaps even https://tandem.co.uk/credit-card/
    • barryheffron
    • By barryheffron 13th Jul 18, 9:38 AM
    • 393 Posts
    • 34 Thanks
    barryheffron
    It was eDicky's first suggestion in his initial reply to you. https://forums.moneysavingexpert.com/showthread.php?t=5249833&page=56#1102
    He just didn't bother to provide a link.
    Yes, as it has no limit or cost attached to ATM withdrawals.
    Originally posted by EveryWhere
    DOH! I don't know how i missed that!!!

    I should have read it more carefully as i think i read it as the Loot one coming in 3 days!

    I have received the Revolut and Loot cards in the post, still waiting on the Starling one.

    So would i be best seeing if the Starling one comes by Monday and using it and then keep the others as back up in case it doesn't arrive?

    If it doesn't which card of those two would be best to use?

    I see you recommended Loot as a backup to another user above so i would assume it was that, unless there was a specific reason for their son to use Loot, maybe due to how they would be using it?

    I had to add £10 to the Revolut one to open it so if i go for Loot can i transfer the £10 back to my current account?

    They also charged me the £4.99 delivery charge but that is hopefully being refunded.
    • EveryWhere
    • By EveryWhere 13th Jul 18, 1:55 PM
    • 784 Posts
    • 355 Thanks
    EveryWhere
    DOH! I don't know how i missed that!!!

    I should have read it more carefully as i think i read it as the Loot one coming in 3 days!

    I have received the Revolut and Loot cards in the post, still waiting on the Starling one.

    So would i be best seeing if the Starling one comes by Monday and using it and then keep the others as back up in case it doesn't arrive?

    If it doesn't which card of those two would be best to use?

    I see you recommended Loot as a backup to another user above so i would assume it was that, unless there was a specific reason for their son to use Loot, maybe due to how they would be using it?

    I had to add £10 to the Revolut one to open it so if i go for Loot can i transfer the £10 back to my current account?

    They also charged me the £4.99 delivery charge but that is hopefully being refunded.
    Originally posted by barryheffron
    If the Starling card doesn't arrive on time, you are still in good stead with Revolut/Loot.

    Loot is like a standard debit card in that you load it up with £s and then spend in whatever currency, getting the full Mastercard exchange rate. Very good. You can also make two ATM withdrawals abroad per month at no cost. Watch out for ATM that try to trick you into being charged in Pounds, rather than Euros. You always want to pay and be charged in Euros. Spain used to be rife with the charging in Pounds trickery.

    Revolut is slightly different. I don't use mine any more, but it allows you to spend during the weekdays at a 'spot rate', a possibly better rate than even the Mastercard exchange rate. In addition, if exchange rates are volatile, it allows one to immediately swap the Pounds in your account to Euros or US$. So you can hold that currency instead of Pounds. One caveat is that you can only withdraw £200 per month from ATMs abroad.
    But between Loot and Revolut, you should be fine. Just take out as much cash as you think that you will need from Loot over the two free ATM withdrawals and then try to pay for everything with the cards when you can. Keeping the cash for cash only transactions.

    In this way, you should be able to avoid any foreign exchange or ATM fee/trickery.
    • barryheffron
    • By barryheffron 13th Jul 18, 2:07 PM
    • 393 Posts
    • 34 Thanks
    barryheffron
    If the Starling card doesn't arrive on time, you are still in good stead with Revolut/Loot.

    Loot is like a standard debit card in that you load it up with £s and then spend in whatever currency, getting the full Mastercard exchange rate. Very good. You can also make two ATM withdrawals abroad per month at no cost. Watch out for ATM that try to trick you into being charged in Pounds, rather than Euros. You always want to pay and be charged in Euros. Spain used to be rife with the charging in Pounds trickery.

    Revolut is slightly different. I don't use mine any more, but it allows you to spend during the weekdays at a 'spot rate', a possibly better rate than even the Mastercard exchange rate. In addition, if exchange rates are volatile, it allows one to immediately swap the Pounds in your account to Euros or US$. So you can hold that currency instead of Pounds. One caveat is that you can only withdraw £200 per month from ATMs abroad.
    But between Loot and Revolut, you should be fine. Just take out as much cash as you think that you will need from Loot over the two free ATM withdrawals and then try to pay for everything with the cards when you can. Keeping the cash for cash only transactions.

    In this way, you should be able to avoid any foreign exchange or ATM fee/trickery.
    Originally posted by EveryWhere
    Would it be an idea to use the Revolut card during the week then and use the Loot card at the weekend???

    Then i can benefit from the Revolut rate, withdraw up to £200 if needed and then at the weekend i can use one ATM withdrawal on Sat and one on Sunday if needed.

    Assuming my Starling card doesn't arrive otherwise i will just use it exclusively as i'm assuming it avoids the hurdles with the other two above.
    • EveryWhere
    • By EveryWhere 13th Jul 18, 3:54 PM
    • 784 Posts
    • 355 Thanks
    EveryWhere
    Would it be an idea to use the Revolut card during the week then and use the Loot card at the weekend???

    Then i can benefit from the Revolut rate, withdraw up to £200 if needed and then at the weekend i can use one ATM withdrawal on Sat and one on Sunday if needed.

    Assuming my Starling card doesn't arrive otherwise i will just use it exclusively as i'm assuming it avoids the hurdles with the other two above.
    Originally posted by barryheffron
    It's an idea, though the Loot rate is good enough. Starling rate will be the same as the Loot rate.
    • Patsyno1
    • By Patsyno1 18th Jul 18, 7:44 AM
    • 1 Posts
    • 0 Thanks
    Patsyno1
    Hi please please please change your advice that Revolut is free as it is not!

    They are not honouring your free link and are charging £5 delivery.
    • photek1000
    • By photek1000 18th Jul 18, 10:27 AM
    • 19 Posts
    • 9 Thanks
    photek1000
    Hi,

    We are off to Spain at the end of August and I have been looking at a pre-loaded style card to take as I think that works best for us.

    From a quick read of the main website and this thread to me Starling looks like the best option for our needs, but to save me the digging as I'm sure it has been covered, is there a cost to load the card from another current account and vice versa move any funds back after the holiday if there are any?

    And I am assuming you just load in GBP and it all gets calculated at the time of a transaction rather than being a pre-loaded Euros card?
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