Do you transfer money into it or settle the account when you get back?I use a Chase account. Same theory as Monzo, etc in that you are charged currency conversion at Mastercard’s nominal rate for the day, but also get 1% cash back on all spending. Martin Lewis recognises this as the best account to have for spending abroad. I now use it as my UK account as well
Do you transfer money into it or settle the account when you get back?
My son is going to Florida with his girlfriend in August, when I have been I have just used my UK credit/debit card to buy things but he will get hammered by charges by his bank. He doesn't want to take US dollars with him. I have seen these payment cards, eg Monzo or Starling, but I don't know if they are any good & how do you transfer money to these cards? Is there a better alternative?
Spent 3 months in Asia at the start of the year and used Starling, though I think it's very similar to Revolut, Monzo etc.
I'd recommend one of them and there are tutorials on them.
Think @LastGarrison and @Earlsdon_Skyblue1 are our resident Alan Whickers so might be worth getting their opinion.
I hope they have a branch in Morecambe.I have a Wise account and just open new accounts when going to new countries.
My son is going to Florida with his girlfriend in August, when I have been I have just used my UK credit/debit card to buy things but he will get hammered by charges by his bank. He doesn't want to take US dollars with him. I have seen these payment cards, eg Monzo or Starling, but I don't know if they are any good & how do you transfer money to these cards? Is there a better alternative?
ATMs in USD banking app in home currencyWe’re going out there in august and I have been considering this issue. Our joint account for bills is with First Direct and they emailed the other day to say no overseas charges if using debit card. So probably going to put all the spends in there and use that.
This might be a daft question but whilst we’re in the US will our bank balance show in the banking app and at ATMs in USD or sterling ?
ATMs in USD banking app in home currency
My wife has found out that my son can pay £6 per week to use his bank card abroad with no charges so long as everything he spends is in dollars. Probably not the cheapest option but definitely the easiest
He is with the awful Bank of Scotland, their charges for spending money/using ATMs abroad are scandalous, £1.50 for ATMs & 50p for spending plus exchange rates. Our son is always leaving things until the last minute so if I ask him to sort out Revolut or Chase etc he'll always say he'll do it later, really does my head in.That still sounds a bit off to me to be honest. What bank is he with?
In this day and age charges to use your card abroad are a bit village. obviously for simplicity I can understand the desire to go with it.
He is with the awful Bank of Scotland, their charges for spending money/using ATMs abroad are scandalous, £1.50 for ATMs & 50p for spending plus exchange rates. Our son is always leaving things until the last minute so if I ask him to sort out Revolut or Chase etc he'll always say he'll do it later, really does my head in.
He is with the awful Bank of Scotland, their charges for spending money/using ATMs abroad are scandalous, £1.50 for ATMs & 50p for spending plus exchange rates. Our son is always leaving things until the last minute so if I ask him to sort out Revolut or Chase etc he'll always say he'll do it later, really does my head in.
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