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    Off on holiday, Which Debit card to use?

    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

    8 Comments

    nationwide flex account

    Original Poster

    Thanks, will check it out

    blondemoment;5481023

    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%.

    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?

    moob;5481154

    Used to be free worldwide cash withdrawals, unfortunately not anymore - … 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:

    Thank you Sir.

    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.

    moob;5481154

    The only negative is its high 27.9% cash withdrawal interest rate, which … 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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