Finance and money forum

Nationwide disaster

  • appro

    Joined Travelfish
    9th May, 2009
    Posts: 31
    Total reviews: 19

    Most UK travellers know that Nationwide is the best bank account for foreign withdrawals. I received a letter today to say NW are changing my cash card to a new 'cash card plus' card. Great new features - but you can't use it abroad! Nooooo! NW wouldn't let me upgrade to the visa debit card. Bummer!

    I set off next month on a RTW trip. I need to find an alternative bank account that offers decent rates/low charges on foreign withdrawals. Any ideas?

    #1 Posted: 7/3/2010 - 18:24

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  • christay2009

    Joined Travelfish
    8th February, 2009
    Location United Kingdom
    Posts: 414
    Total reviews: 4

    Most of the banks absolutely rinse you when you tak out abroad. I bank with Halifax, they charge 2.75% of the transaction plus an additional £1.50

    I tried to get a debit card with Nationwide but found their customer service to be terrible.

    I ended up taking U.S $ travellers cheques and a small wad of cash.

    #2 Posted: 7/3/2010 - 18:57

  • stevejames00

    Joined Travelfish
    29th January, 2009
    Posts: 53

    oh no I've just sent off for a nationwide account, do you know if this is changing for everyone?

    This site compares all the UK bank cards abroad:

    http://www.moneysavingexpert.com/travel/cheap-travel-money

    #3 Posted: 8/3/2010 - 01:05

  • appro

    Joined Travelfish
    9th May, 2009
    Posts: 31
    Total reviews: 19

    Everyone with the cash card account. They're sending out new cards between June & September.

    I've seen the comparison, it's all pretty dire.

    #4 Posted: 8/3/2010 - 18:35

  • ms1892

    Joined Travelfish
    23rd December, 2009
    Posts: 38

    I think Santander in the UK offer an account called 'Zero' which offers free international withdrawals. Therea are some conditions attached, i think you need to deposit £1000 or more each month, but it may be a viable solution for some.

    #5 Posted: 8/3/2010 - 19:53

  • nips2689

    Joined Travelfish
    21st December, 2009
    Posts: 9

    I am going travelling to Asia on April 2nd and i tried to open a nationwide account, to get the flex account, however they are clamping down on people just opening them to travel, my boyfriend got one just in time but i have now gone with hsbc..
    Their advance account which is £6 for the first 3 months and £12 after offers free withdrawals abroad..

    this was the next best thing i could find in a little amount of time.

    #6 Posted: 8/3/2010 - 20:49

  • appro

    Joined Travelfish
    9th May, 2009
    Posts: 31
    Total reviews: 19

    The HSBC account might be a good idea - £12 a month is still a lot cheaper than loads of fees. Ta.

    #7 Posted: 8/3/2010 - 20:54

  • appro

    Joined Travelfish
    9th May, 2009
    Posts: 31
    Total reviews: 19

    Looking into the fine print of the HSBC account it seems they have a 'foreign exchange charge' of 2.75% on every withdrawal. Not sure how they can get away with saying it's free!

    #8 Posted: 8/3/2010 - 21:11

  • nips2689

    Joined Travelfish
    21st December, 2009
    Posts: 9

    yes but they dont apply their own fee aswell like other banks

    #9 Posted: 8/3/2010 - 21:25

  • appro

    Joined Travelfish
    9th May, 2009
    Posts: 31
    Total reviews: 19

    The Cumberland Building Society don't charge, but you have to live near one of their branches.

    #10 Posted: 8/3/2010 - 21:28

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  • ambee124

    Joined Travelfish
    27th February, 2010
    Posts: 8
    Total reviews: 2

    Although it's too late now you might be interested to know that today I talked to a Nationwide guy and he said around a month ago they had lowered their credential requirements for getting a debit card. I got rejected about three months back and he said I would probably be allowed one- I'm hoping I get it before I go away to take advantage of the no withdrawal fees!

    #11 Posted: 18/6/2010 - 19:52

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