Barclays debit card

Mar 11, 2009 9 Replies

Why do they charge 2.75% for using your own savings?


What did they say when you asked them?

Chris

towards the Directors bonuses.............

At 00:40:32 on 11/03/2009, Gallagher delighted uk.finance by announcing:

Presumably you mean on non-sterling transactions. In which case, most banks make some sort of charge for buying your foreign money for you.

Yes. I often wonder why people post questions here when they would be better answered by the institution in question.

Rob Graham

Bitstring , from the wonderful person robgraham said

They're probably hoping for a more sympathetic hearing here .. which only goes to prove they don't read the group that much. 8>.

The answer is of course blinding obvious anyway 'because people are stupid/lazy enough to put up with it'.

Isn't that the tip? They use them to buy the bubbly at the shareholders' meetings. ;-)

They're not "buying your foreign money", they are doing a division on their computer and marking up the result a bit because it's an easy way of hiding a charge for doing FA.

In fact it's probably VISA who do the division, Barclays then just mark the result up a bit.

Have you ever tried phoning Barclay's call centre? You would get a more meaningful response if you asked Eliza (a computer chatbot written in the

1960s).

There's a modern version of Eliza, called Alice, (sorry, lost the url,) but she's not much cleverer.

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