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BBC- Iceland volcano: Passengers face money worries
http://news.bbc.co.uk/1/hi/business/8631760.stm
I like this: "Some UK banks are waiving fees for money withdrawn by passengers stranded overseas by the volcanic ash cloud." Well, that's nice of them, but maybe the consumer should choose bank accounts which don't charge to begin with! (Not just Nationwide, I think some others are now offering such accounts.) -- (*) of the royal duchy of city south and deansgate www.davidhorne.net (email address on website) "[Do you think the world learned anything from the first world war?] No. They never learn." -Harry Patch (1898-2009) |
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BBC- Iceland volcano: Passengers face money worries
David Horne, _the_ chancellor (*) wrote:
http://news.bbc.co.uk/1/hi/business/8631760.stm I like this: "Some UK banks are waiving fees for money withdrawn by passengers stranded overseas by the volcanic ash cloud." Well, that's nice of them, but maybe the consumer should choose bank accounts which don't charge to begin with! (Not just Nationwide, I think some others are now offering such accounts.) I'd be prepared to bet none of them will be selling currency at cost. They'll all charge a 'turn'. -- William Black "Any number under six" The answer given by Englishman Richard Peeke when asked by the Duke of Medina Sidonia how many Spanish sword and buckler men he could beat single handed with a quarterstaff. |
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BBC- Iceland volcano: Passengers face money worries
William Black wrote:
David Horne, _the_ chancellor (*) wrote: http://news.bbc.co.uk/1/hi/business/8631760.stm I like this: "Some UK banks are waiving fees for money withdrawn by passengers stranded overseas by the volcanic ash cloud." Well, that's nice of them, but maybe the consumer should choose bank accounts which don't charge to begin with! (Not just Nationwide, I think some others are now offering such accounts.) I'd be prepared to bet none of them will be selling currency at cost. They'll all charge a 'turn'. Now, what on earth would make you think the banks were that cynical? Nationwide is pretty close (and doesn't charge a fee.) Though I'm getting some odd results. A withdrawal of 300 Peruvian nuevo soles on March 31 was charged £70.63. Oanda claims it should have been £70.89 on that day if I'm making the right calculation (even more the day before or after)- but it's a daily average. -- (*) of the royal duchy of city south and deansgate www.davidhorne.net (email address on website) "[Do you think the world learned anything from the first world war?] No. They never learn." -Harry Patch (1898-2009) |
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BBC- Iceland volcano: Passengers face money worries
William Black wrote:
David Horne, _the_ chancellor (*) wrote: http://news.bbc.co.uk/1/hi/business/8631760.stm I like this: "Some UK banks are waiving fees for money withdrawn by passengers stranded overseas by the volcanic ash cloud." Well, that's nice of them, but maybe the consumer should choose bank accounts which don't charge to begin with! (Not just Nationwide, I think some others are now offering such accounts.) I'd be prepared to bet none of them will be selling currency at cost. They'll all charge a 'turn'. Meant to add, this is what my (maybe not for much longer) main account RBS does, even in addition to their outrageous fees. I'd only use them if the other card doesn't work. Last time I did that, I paid about 6% on £100. Robbery. -- (*) of the royal duchy of city south and deansgate www.davidhorne.net (email address on website) "[Do you think the world learned anything from the first world war?] No. They never learn." -Harry Patch (1898-2009) |
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BBC- Iceland volcano: Passengers face money worries
"William Black" wrote in message ... David Horne, _the_ chancellor (*) wrote: http://news.bbc.co.uk/1/hi/business/8631760.stm I like this: "Some UK banks are waiving fees for money withdrawn by passengers stranded overseas by the volcanic ash cloud." Well, that's nice of them, but maybe the consumer should choose bank accounts which don't charge to begin with! (Not just Nationwide, I think some others are now offering such accounts.) I'd be prepared to bet none of them will be selling currency at cost. They'll all charge a 'turn'. Nationwide have been doing that for years. In fact up till recently they even subsidised foreign currency transactions (by absorbing the VISA fee). -- Andy |
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BBC- Iceland volcano: Passengers face money worries
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BBC- Iceland volcano: Passengers face money worries
Mike wrote on Apr 22, 2010:
On Tue, 20 Apr 2010 17:59:48 +0100, (David Horne, _the_ chancellor (*)) wrote: Well, that's nice of them, but maybe the consumer should choose bank accounts which don't charge to begin with! maybe many people don't use that sort of service normally and have other reasons for choosing a bank. I opened an account with NationWide specifically to use when abroad. It's not difficult and also quite convenient to keep expenditure separate. -- Mike Lane UK North Yorkshire email: mike_lane at mac dot com |
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BBC- Iceland volcano: Passengers face money worries
Mike Lane wrote:
[] I opened an account with NationWide specifically to use when abroad. It's not difficult and also quite convenient to keep expenditure separate. Mike, do you have a full account with them? I only ever opened a simple flex account (mostly because I liked the idea of having one card that had no 'credit card' functionality abroad.) Nationwide are replacing these simple accounts (not mine yet though) this year with cards which won't work abroad. Time for me to get a full account... For average consumers, I'd say that UK bank accounts function pretty similarly now in terms of online banking, services etc.- it seems the fees are what differ. Is that offbase? RBS has never been good value for foreign transactions. Compared to RBS charges, I'd roughly guess my recent fortnight long trip abroad using the Nationwide card saved around £80, and that's on withdrawing around £800. (Money goes far in Peru!) I believe other banks are now offering similar perks- e.g. Santander. -- (*) of the royal duchy of city south and deansgate www.davidhorne.net (email address on website) "[Do you think the world learned anything from the first world war?] No. They never learn." -Harry Patch (1898-2009) |
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BBC- Iceland volcano: Passengers face money worries
On Thu, 22 Apr 2010 07:51:13 +0100, Mike Lane
wrote: maybe many people don't use that sort of service normally and have other reasons for choosing a bank. I opened an account with NationWide specifically to use when abroad. It's not difficult and also quite convenient to keep expenditure separate. Yes, I considered doing the same, but many people trapped abroad probably got cash before they started for what was to be an occasional foray abroad. -- Mike Flying a couple London/New York just once equals a whole years driving in a medium car in carbon terms. |
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BBC- Iceland volcano: Passengers face money worries
David Horne, _the_ chancellor (* wrote on Apr 22, 2010:
I opened an account with NationWide specifically to use when abroad. It's not difficult and also quite convenient to keep expenditure separate. Mike, do you have a full account with them? I only ever opened a simple flex account (mostly because I liked the idea of having one card that had no 'credit card' functionality abroad.) Nationwide are replacing these simple accounts (not mine yet though) this year with cards which won't work abroad. Time for me to get a full account... I think it's a full account. When I applied some years ago I just asked for a Flex account, but they sent me a credit and debit card plus a cheque book. Transactions are now mainly free of foreign exchange charges only within the EU. Outside there is usually Visa charge. -- Mike Lane UK North Yorkshire email: mike_lane at mac dot com |
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