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Will my card be charged?

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I'm off to Amsterdam on Sunday and would like to get the best exchange rate. I hear this is best when actually out there. But will my debit card be charged when I withdraw? I currently bank with natwe…
davidhurn Avatar
banned8y, 6d agoPosted 8 years, 6 days ago
I'm off to Amsterdam on Sunday and would like to get the best exchange rate. I hear this is best when actually out there. But will my debit card be charged when I withdraw? I currently bank with natwest and have a student account.

Heat and rep given!

Thanks
David
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davidhurn Avatar
banned8y, 6d agoPosted 8 years, 6 days ago
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#1
no idea, why don't you phone the bank and ask.
suspended#2
You will properly be charged, the fee is either a percentage or a rate of a few pounds a transaction
if you want free withdrawals abroad, create a Nationwide account, they don't charge for overseas transactions whereas other companies do
banned#3
how can you give heat?

when i was there the exchange rate was pretty much the same
banned#4
can you get over the fact you are going on holiday???

Nationwide accounts dont get charged and i think abbey credit cards. natwest afaik will get charged.

go to the post office to get ur cash out.

and google THINGS TO DO IN AMSTERDAM
banned#5
DangerGod
how can you give heat?

when i was there the exchange rate was pretty much the same


oh yeah and i forgot.... you can't give heat to advice
banned#6
ants97
no idea, why don't you phone the bank and ask.


Pretty obvious, but it's now closed. Just thought someone would know? Will ring tomorrow if not!
#7
nationwide are stopping the free withdrawals if they havnt already.....

think abbey may have an account and be the only left



24hr telephne banking mate, every bank has it dont they
banned#8
DangerGod
how can you give heat?

when i was there the exchange rate was pretty much the same


Sorry the heat bit was a mistake. Apologies.
banned#9
imranmaz
can you get over the fact you are going on holiday???

Nationwide accounts dont get charged and i think abbey credit cards. natwest afaik will get charged.

go to the post office to get ur cash out.

and google THINGS TO DO IN AMSTERDAM


Ok calm down. You're obviously bitter that you're not going abroad!! Lighten up mate.
banned#10
imranmaz
oh yeah and i forgot.... you can't give heat to advice


Thanks again for stating the obvious. It was a genuine mistake!
banned#11
casparwhite
nationwide are stopping the free withdrawals if they havnt already.....

think abbey may have an account and be the only left



24hr telephne banking mate, every bank has it dont they


Ok, will give them a call now. Thanks:thumbsup:
#12
davidhurn
Pretty obvious, but it's now closed. Just thought someone would know? Will ring tomorrow if not!


no its not.
I'm with natwest and i've had a few very nice drunken conversations with the lovely people on the telephone banking at 3 am when I've not recieved cash from the cash machine and checking to find out my balance.
suspended 1 Like #13
Here is more specific information for you, the information is quite old as Natwest do not state the current fee on their website
but the fee's should be around the same amount as the following:

Debit cards
ATM Charges: 2.25% of the transaction value (capped at £4) plus 2.65% exchange rate transaction fee
Cost per £100 withdrawal: £4.90
Retail Purchases: 2.65% exchange rate transaction fee plus a 75p charge

Credit cards
ATM charges: A minimum charge of £2 made up of a 2.75% foreign currency loading fee plus a further 2%
Cost per £100 withdrawal: £4.75
Retail: 2.75% foreign currency loading fee

So it would be best to avoid multiple withdrawals there if you plan to use your card
banned#14
ants97
no its not.
I'm with natwest and i've had a few very nice drunken conversations with the lovely people on the telephone banking at 3 am when I've not recieved cash from the cash machine and checking to find out my balance.


Fair enough.
banned#15
DarkKnight
Here is more specific information for you, the information is quite old as Natwest do not state the current fee on their website
but the fee's should be around the same amount as the following:

Debit cards
ATM Charges: 2.25% of the transaction value (capped at £4) plus 2.65% exchange rate transaction fee
Cost per £100 withdrawal: £4.90
Retail Purchases: 2.65% exchange rate transaction fee plus a 75p charge

Credit cards
ATM charges: A minimum charge of £2 made up of a 2.75% foreign currency loading fee plus a further 2%
Cost per £100 withdrawal: £4.75
Retail: 2.75% foreign currency loading fee



Very helpful, thanks!!
banned#16
davidhurn
Ok calm down. You're obviously bitter that you're not going abroad!! Lighten up mate.


lol dude i go travelling all the time... came back from dublin yesterday, was in paris on valentines and in portugal a couple of weeks before that.. booking amsterdam and egypt for the next few months :thumbsup:

most of the info you need is on google. get urself a nationwide account and you can use your card around europe for free and you get a good rate too.
banned#17
imranmaz
lol dude i go travelling all the time... came back from dublin yesterday, was in paris on valentines and in portugal a couple of weeks before that.. booking amsterdam and egypt for the next few months :thumbsup:

most of the info you need is on google. get urself a nationwide account and you can use your card around europe for free and you get a good rate too.


Thanks, thought you were having a go for a minute there. Yes I'm excited, but want to get organised too.
#18
imranmaz
lol dude i go travelling all the time... came back from dublin yesterday, was in paris on valentines and in portugal a couple of weeks before that.. booking amsterdam and egypt for the next few months :thumbsup:

most of the info you need is on google. get urself a nationwide account and you can use your card around europe for free and you get a good rate too.


like i said before nationwide is stopping the free withdrawls or has done already
banned#19
davidhurn
Thanks, thought you were having a go for a minute there. Yes I'm excited, but want to get organised too.


cool cool, check out this free walking tour: http://www.newamsterdamtours.com/nat/

Ive been to the berlin one and the paris one and they are fun and really good! you kinda have to tip as its "free" but like a couple of euros each is cool for a couple of hours tour.

try and do this on the first day then you can go back to places you found interesting after... also its a great way to meet new people :thumbsup: have fun!
banned#20
casparwhite
like i said before nationwide is stopping the free withdrawls or has done already


its not dude... its stopping free withdrawals for some countries... most of europe is still free


here: http://www.nationwide.co.uk/current_account/foreigntransactions.htm
#21
there was something on the news the other day ....


Anyone who uses a Nationwide debit or credit card outside Europe will also be charged a currency conversion fee imposed by Visa, which was previously absorbed by the building society. This will be £4.20 for every £500 spent.

The building society pointed out this was not the currency handling charge imposed by most credit card issuers, typically around 3%, which Nationwide still does not charge. Tens of thousands of Nationwide customers have taken out its cards to avoid this handling fee.

and from the website..
Foreign Transactions
When you use a Nationwide Visa debit card or credit card to make a transaction in certain currencies other than sterling, Visa charge a fee for each transaction and Nationwide currently pays that fee on your behalf.

We will start to pass this fee onto you from 6 May 2009 on credit card and from 1 June 2009 on debit card and it will be included in the sterling amount shown on your statement.

The fee is currently 0.84%. From 1 July 2009 this fee will increase to 1%.

Your cash card is a MasterCard and therefore, initially, only Visa debit transactions will have a fee applied. However, we are looking to recover fees on all accounts shortly.
banned#22
casparwhite
there was something on the news the other day ....


Anyone who uses a Nationwide debit or credit card outside Europe will also be charged a currency conversion fee imposed by Visa, which was previously absorbed by the building society. This will be £4.20 for every £500 spent.

The building society pointed out this was not the currency handling charge imposed by most credit card issuers, typically around 3%, which Nationwide still does not charge. Tens of thousands of Nationwide customers have taken out its cards to avoid this handling fee.


But wont affect the OP anyway will it because amsterdam is in europe :?
#23
A new account is probably not going to be organised in time-ring the bank this morning-we were charged when we used our NatWest card in Paris a couple of weeks ago-and were charged a fee everytime-so if you think you need £200 worth-take it out at once and keep it safe-£100 worth twice will cost you about another £5 as they charge you each time you use it !

We used it in a few shops and they charged nearly the same for that too !

Get your money before you go is probably easiest-if you are sure you can keep it safe.

Have a lovely time !
#24
A Euro or Dollar Mastercard from the Post Office or Tesco or FairFX or one of the other companies that offer them could be your answer for next time, don't know if you can get them 'over the counter' in the PO. You load the card from your current account in that currency when the exchange rate is good and then there's no fee when you use the card while abroad. Bank withdrawls cost £1. We loaded a dollar card last summer when the rate was at $2/£ and it worked brilliantly the whole holiday.
#25
Yes for a debit card from Nat West you will get 2 charges, yes two every time u use it, one is a commission charge and one is and exchange rate charge.......even on purchases.
Take the money with u.

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