Nationwide to stop free overseas debit card transactions from Nov.

scorza · 31 Jul 2010 at 16:12

http://www.dailymail.co.uk/news/art...ng-war-promises-cheaper-overdrafts-perks.html

It's fair to say that was the main reason I opened a Nationwide flex account two years ago, and since I don't have an overdraft and the free travel insurance will no doubt be very limited I'm quite annoyed at these changes. At least I'm going on holiday in October, so I can switch after that.

KPeh · 31 Jul 2010 at 16:15

Thanks for this.

That was the only reason I opened an account with them. It'll be closed gone November.

[TW]Fox · 31 Jul 2010 at 18:47

Is this all accounts or just the cardcash ones as previously announced?

DannyDan · 31 Jul 2010 at 19:30

KPeh said:
Thanks for this.

That was the only reason I opened an account with them. It'll be closed gone November.

Same here

Greenlizard0 · 31 Jul 2010 at 19:32

Any others that do it for free? Barclays rip me off everytime I head abroad.

DannyDan · 31 Jul 2010 at 19:36

Greenlizard0 said:
Any others that do it for free? Barclays rip me off everytime I head abroad.

There's a lot of info here: http://www.moneysavingexpert.com/travel/cheap-travel-money. Barclays are one of the worst for overseas spending.

Heliospherez · 31 Jul 2010 at 20:48

Nationwide are next to useless now - and I really can't believe how bad (rates / catch wise) they have become after using them for the last 11-12 years. The way they structure their savings and rates is mind-boggling. I was only slightly surprised when I read this myself today.....

Also this :

http://www.moneymarketing.co.uk/mor...er-fire-from-members-over-pay/1015640.article

I closed 2 ISA's with them this year, as well as 3 savings accounts - as the rates on each had dropped to virtually nothing.

I also stopped paying into the CTF as their rate was well below market average.

I now only have a mortgage with them (Luckily, that has reverted to a very good rate)

Biohazard · 31 Jul 2010 at 20:50

pure scum

Mason- · 31 Jul 2010 at 20:51

Surely HSBC is free abroad transactions as it is supposedly the worlds local bank according to there ads?

This isn't fact as I cba to look it up but I would assume it's free from them?

Darey · 31 Jul 2010 at 21:10

I was within days of getting an account, purely for this reason, at Nationwide. Will avoid now.

[TW]Fox · 31 Jul 2010 at 21:11

Mason- said:
Surely HSBC is free abroad transactions as it is supposedly the worlds local bank according to there ads?

This isn't fact as I cba to look it up but I would assume it's free from them?

No, they are very expensive for that.

Repta · 31 Jul 2010 at 21:22

only reason i have an account with them. Forgot i even had money in it. Now just to remember my pin

Freeman · 31 Jul 2010 at 21:42

Just signed up to them to put several thousand in there for travelling. I suppose 2% is better than most anyway. What a waste of time signing up...

[TW]Fox · 31 Jul 2010 at 21:45

Freeman said:
Just signed up to them to put several thousand in there for travelling. I suppose 2% is better than most anyway. What a waste of time signing up...

The 2% is fine its the £1 a go ATM fee thats not!

Freeman · 31 Jul 2010 at 21:53

[TW]Fox;17063178 said:
The 2% is fine its the £1 a go ATM fee thats not!

I wasn't aware of the £1 per withdrawal? Is that part of the new system in november? Do all banks do this additional charge?

Is there anymore info on this new nationwide policy?

Lord_Kokain · 1 Aug 2010 at 00:47

[TW]Fox;17062999 said:
No, they are very expensive for that.

So much for globalisation and how we are one big global village :rolleyes: