Off on holiday, Which Debit card to use? - HotUKDeals
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Off on holiday, Which Debit card to use?

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Hi folks, i am off to India and Thailand for a 6 month holiday, I am currently with Lloyds and was told that i would be charged a transaction fee everytime i withdraw cash on my debit card. Any sug… Read More
beawolf44 Avatar
8y, 1m agoPosted 8 years, 1 month ago
Hi folks, i am off to India and Thailand for a 6 month holiday, I am currently with Lloyds and was told that i would be charged a transaction fee everytime i withdraw cash on my debit card.

Any suggestions as to which bank does not have these charges, I can open an account in the suggeted bank as long as i dont have to pay any mothly bank fees for the account.

Thanks for the help
beawolf44 Avatar
8y, 1m agoPosted 8 years, 1 month ago
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#1
nationwide flex account
#2
Thanks, will check it out
#3
blondemoment
nationwide flex account


Used to be free worldwide cash withdrawals, unfortunately not anymore - only free in Europe which doesn't help the OP.

I think you may look into the Abbey Zero credit card - afaik they don't charge per transaction.

Taken from moneysavingexpert:

Overall Winner: Abbey Zero. Worldwide 0% exchange rate load & ATM withdrawals.

The Abbey Zero card has no foreign exchange loading anywhere, so you get the best possible exchange rate, and uniquely it doesn't charge a fee for withdrawing cash.

The only negative is its high 27.9% cash withdrawal interest rate, which you pay even if you clear the card in full. Yet as that’s roughly £2 for a month per £100, it's still cheaper than paying interest PLUS the cash withdrawal fees on other cards.

This card also has a decent balance transfer offer; 0% for twelve months with a 3% fee. However, if you're using it for spending abroad, don't do a balance transfer too, as this can end up costing you big.

Quick Stats. European Load: 0%. Worldwide Load: 0%. Cash withdrawal fee: £0. APR: 18.9%. Interest charged on cash withdrawals even if paid off in full: Yes, 27.9%.
#4
I used Lloyds card in Thailand and it was between £1.50-£2.00 every time i used it, doesnt sound much but it all adds up especially as i was there for a few months,

Where are you going in Thailand?
#5
moob
Used to be free worldwide cash withdrawals, unfortunately not anymore - only free in Europe which doesn't help the OP.

I think you may look into the Abbey Zero credit card - afaik they don't charge per transaction.

Taken from moneysavingexpert:

Overall Winner: Abbey Zero. Worldwide 0% exchange rate load & ATM withdrawals.

The Abbey Zero card has no foreign exchange loading anywhere, so you get the best possible exchange rate, and uniquely it doesn't charge a fee for withdrawing cash.

The only negative is its high 27.9% cash withdrawal interest rate, which you pay even if you clear the card in full. Yet as that’s roughly £2 for a month per £100, it's still cheaper than paying interest PLUS the cash withdrawal fees on other cards.

This card also has a decent balance transfer offer; 0% for twelve months with a 3% fee. However, if you're using it for spending abroad, don't do a balance transfer too, as this can end up costing you big.

Quick Stats. European Load: 0%. Worldwide Load: 0%. Cash withdrawal fee: £0. APR: 18.9%. Interest charged on cash withdrawals even if paid off in full: Yes, 27.9%.


Morning moob, good advice:thumbsup:
#6
Thank you Sir.
#7
Although it's no longer free worldwide it's only about a 1% fee with nationwide, which is what they're charged by visa, they're only passing it along. so still a good deal.
#8
moob


The only negative is its high 27.9% cash withdrawal interest rate, which you pay even if you clear the card in full. Yet as that’s roughly £2 for a month per £100, it's still cheaper than paying interest PLUS the cash withdrawal fees on other cards.

This card also has a decent balance transfer offer; 0% for twelve months with a 3% fee. However, if you're using it for spending abroad, don't do a balance transfer too, as this can end up costing you big.

Quick Stats. European Load: 0%. Worldwide Load: 0%. Cash withdrawal fee: £0. APR: 18.9%. Interest charged on cash withdrawals even if paid off in full: Yes, 27.9%.


couldn't you get around the high interest charge by topping up your account before you go away so you are several hundred £s in credit, then when you cash money you will only be cutting into you credit? just a thought

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