Donate SIGN UP

Debit Card

Avatar Image
Dusty Bin | 22:55 Wed 11th Jul 2007 | Business & Finance
4 Answers
Credit card companies charge commission on cash withdrawals made from ATMs abroad.

Does this also apply to withdrawals using debit cards?
Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

No best answer has yet been selected by Dusty Bin. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
With most Banks it does yes. Nationwide don't charge, I'm not sure about any others you would need to check with your Bank.
Nationwide debit card and credit card are the very best to use abroad.

Excellent independent report here:
http://www.moneysavingexpert.com/cards/cheaper -spending-overseas
Usually drawing cash on a credit card amounts to a loan and you will be charged interest as well as a cash handling fee from the credit card company. If you draw out cash with a debit card it is usually from your own account and does not attract charges unless the machine charges you. There are plenty of machines that don't, just try a few.
Aussie - using a debit card overseas DOES attract charges of at least 2.75% on the exchange rate and sometimes an additional fee as well - levied by your bank, not the ATM owner. If he does charge (rare if it's at a bank) you pay that as well.

Nationwide AFAIK is unique in not levying these charges

1 to 4 of 4rss feed

Do you know the answer?

Debit Card

Answer Question >>