Lloyds charges 1 per card payment

Halifax have been charging £1.50 on foreign debit card transactions for some time now.

I normally just use a credit card in these circumstances.

Wayne.

NatWest have done it for years, if you use Maestro.

I think it's free with Nationwide, and you don't have to pay the 2.75% commision that most banks hide in their exchange rates.

Is it for business or just pleasure?

If you have a lot of cash in your account go and tell them you'll move account if they don't drop the fees.

Nationwide. No fee and no exchange rate markup.

"Andy Pandy" wrote in news: snipped-for-privacy@individual.net:

Ok, if I understand this correctly what LloydsTSB are doing is charging for payments to foreign companies - so if I were to pay amazon or ebay fees or pay for something with paypal (maybe not good example - maybe someone like Microsoft who charge VAT at the rate in Ireland as that is where they ship from) in sterling with a debit card they would charge 1 as the company isn't a uk company.... how in gods name are you supposed to know if the company you are paying in sterling is going to get you clobbered with a 1 charge.

You don't; they do because the transaction comes via Visa or Mastercard International who handle international payment system.

Alec

I moved my current account to Nationwide because of their policy on overseas transactions. I also buy lots of small items on the net - downloadable software and suchlike. When I was with my previous bank I would make a note of the transaction in my budgeting software. I applied an exchange rate of 1.80 US Dollar to Sterling. When I got my bank statements, I always did badly and had to go back in to increase the sterling equivalent. Since I have been with Nationwide it is so noticable that foreign transactions are costing me less - I now go back in to my budgeting software and have to reduce the sterling amount.

Well worth opening a Nationwide account. The same policy applies to their credit card too - although in this case if you withdraw cash from an ATM abroad I believe you pay a cash withdrwal surchage, like you would in the UK - but still no extra loading.

Could you provide some examples of offending suppliers/payment processor who process transactions in such away that they triggor LloydsTSB charges.

Chris

Here are some, all internet

Any shareware, as these are usually US.

Any adult sites, usually US.

Therefore almost all internet trade.

"Chris" wrote in news:42e0a74b$0$2348$ snipped-for-privacy@ptn-nntp-reader03.plus.net:

And, of course,

on any one way ticket coming back to UK

"Chris" wrote in news:42e0a74b$0$2348$ snipped-for-privacy@ptn-nntp-reader03.plus.net: