ive read on these forums of folk saying if you are from the uk and traveling in s.e.a. to get a nationwide banjk account as they dont charge any fees for lifting out cash abroad.
the thing is,i was talking with a friend today who says they have stopped it on ther accounts and basicly there rates are just as high as any other bank.
was just wondering what if any other folk have heard about this and if they know of any other bank who does a simular account.
We opened our Nationwide account last June, just before we left the UK. Prior to that they were offering fee free withdrawals abroad but they put it up to 1% just before we opened the account. This was still lower than the fee charged by other banks - usually 2%. To be honest, I'm not sure what we're paying now but we've received no notification that it has increased. Best to check on their website www.nationwide.co.uk or email them directly.
im not 100% on this travellingsarah but i think its 2.7% you are paying now.
i guess i will just stick with the rbs,maybe not the best but the royaltes account givs free travel insurance,works out even cheaper than the post office travel insurance.
I've attached a link to a BBC news story about the end of free foreign withdrawals with Nationwide...
It gives you all of the basic info regarding the changes to their Flexaccount...
I'll be closing my account with them anyhow!!!
I've mentioned this before, but if you're from the UK, it may be worth having a look at the Halifax Clarity credit card. This has no charges other than the interest for the cash you withdraw... It is a Mastercard however...
Thanks for the info! Looks like it'll be going up to 2% on November 1st from the article. I wonder if they'll let me know??! I don't have much choice now as I live in Hanoi so can't change banks - and fortunately I have a local account so don't need to use it much anymore.