Friday, April 2, 2010

bank charges

I have just been advised by the bank that using a atm card is charged at 2.9% + commission. can anyone advise







bank charges


Think it depends which bank you are with.



I know that (at the moment at least)Nationwide don%26#39;t charge either?



bank charges


I%26#39;m with Halifax and they charge £1.50 per transaction and no commission though the rate I got on my recent holiday (not to Goa) was slightly less than my partner got for changing cash.




I used my Halifax card a couple of times whilst in Goa last week %26amp; I was charged £1.50 for each transaction %26amp; the exchange rate was just under 70 which was better than the hotel rate whcih was approx 68




i always use a nationwide card as no charge and better exchange rate however this week nationwide said they will start charging one percent.




Hi,





Everyone seems to be %26#39;up in arms%26#39; because Nationwide are going to charge for using a Nationwide Flexi account ATM card card abroad. Why? It%26#39;s only 1%!!!





My bank charges me upto £9 per withdrawal and I will be opening a Nationwide Flexi account when I go back to the UK in June regardless of if they charge 1% or not.





Which is cheaper:-





R20,000/- (£281) + 1% (£2.81) = £283ish or about



OR



R20,000/- (£281) + 2.75% charge for handling(£7.73) + an additional 2% transaction charge (min £1.50 max £4.50) (£4.50 here) = £294.50





It%26#39;s £11.50 (R816/-) more expansive to use my card as opposed to getting a Nationwide Flexi account. That%26#39;s enough to buy all the items for 1 Sunday lunch for all our 20 children and %26#39;no%26#39; they don%26#39;t get small portions.....





Please feel free to correct me if the charge is more that 1%





Regards





Paul



Happy Children%26#39;s Home - Helper

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