Nationwide Flex to start charging for foreign exchange transactions

[munk]

Yep I 'filed' that away as well just yesterday, really stuck in my craw the way they 'hid' away the details of the scrapping of the good forex deal (the 'raison d'etre' for the flex account!) all the way on page 7 whereas they bigged up the amazing holiday insurance or w/e it was as much as possible (when that's actually probably an awful deal for 99% of customers and will cost them next to nothing to offer).

Still not really looked for an alternative here... pretty much just chew up the forex fees I suppose when I deposit via MB and hope I bust out of whichever book it is, underlay to make more if it wins at the euro book and have to withdraw etc...

[munk]

Some feedback on Nationwide - I had my first Euro transaction go through at Nationwide in November and for info they charged £2.62 on a 150EUR transaction. The 150EUR appears to have gone through at the correct rate (ie it went through as exactly £131 which appears to be roughly the 'going rate' for 150eur on that date) and the 'commission fee' appears separately as £1.62.

[foofi22]

Nothing to do with bookies, but I withdrew €90 in Dublin this weekend which has shown up as a debit of £78.37 and two separate charges:

Non-UK commission fee Withdrawal Date 07 Nov 2010 £1.56
Non-UK cash wdl fee Withdrawal Date 07 Nov 2010 £1.00

Never had these charges when withdrawing before.

[Danielsb]

This is very bad news indeed. I used this card for holidays and was planning to use it for MB once I had exhausted all UK bookies. I'm only new to this so still have a while to go. What accounts are other people using? Looks like Norwich & Peterborough will be launching some fee free accounts in a couple of months and Metro Bank also has this feature but only available in brach, currently only in London...

I guess I have a little time still until I will need one of these so perhaps by then there will be a little competition!

[Webdomination]

I called N&P and it looks like while the cards will be fee free, the accounts will incur a monthly premium (the details are not finalized yet according to the operator I spoke to).

Metro bank seems to best option so far albeit inconvenient given limited locations.