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so if you use your debit card to buy foreign currency at a UK bureaux de change...

(10 Posts)
kimmy121 Tue 19-Mar-13 13:43:43

i used my card in ramsdens and didn't get a charge from the bank.
its a shop, so how would the bank tell its for currency? i don't think they can, can they?

TeWiSavesTheDay Tue 19-Mar-13 07:22:00

I had a good look at mse, and there is a good card comparison tool wrt, withdrawing money in a different currency/paying for things abroad. The best choice seems to be certain credit cards, if you've got time to apply for one.

CogitoErgoSometimes Tue 19-Mar-13 07:17:36

Is the foreign currency Euros or US Dollars? If so, I can recommend the pre-paid credit cards offered by companies such as FairFX - comparisons here. Good exchange rate, low commission and no charges when using them except for cash withdrawals.

onamissiontomakeithappen Mon 18-Mar-13 18:33:10

interesting ilovepowerhoop thanks for looking into it as when I spoke to them they said there was a charge, maybe its the small print * *commission charges apply? not going to risk it though so will withdraw cash!!

ilovepowerhoop Mon 18-Mar-13 18:30:49

although I suppose the company you are buying it from may charge you instead

ilovepowerhoop Mon 18-Mar-13 18:27:24

the rbs rates and charges leaflet says they dont charge. I'm sure they used to charge

Alibabaandthe40nappies Mon 18-Mar-13 18:21:59

HSBC don't do this, or charge you when you are abroad.

onamissiontomakeithappen Mon 18-Mar-13 18:15:33

shocking!!! I thought it was only if you were abroad... shock

ilovepowerhoop Mon 18-Mar-13 17:27:22

it is true. I normally withdraw cash and then use that to buy currency. You dont (normally) get charged if you buy from your own bank.

onamissiontomakeithappen Mon 18-Mar-13 17:23:33

Your bank is likely to charge you a transaction fee??!! unbelievable!!!! I just called my bank (RBS) and they confirmed it!!

If I've got it wrong please let me know...

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