You are here: Home - Saving-Banking - News -

Nationwide hikes charges for overseas spenders

Written by: Paloma Kubiak
Nationwide Building Society debit card customers will pay more for using their plastic overseas from next week.

The mutual confirmed that from Monday 8 October, overseas debit card transaction fees will rise from 2% to 2.75%.

This means on an average €100 transaction, users will be charged £2.42, up from the £1.76.

Withdrawals from ATMs come with a £1 charge on FlexDirect, FlexAccount and FlexBasic accounts, which Nationwide said will remain unchanged.

However, customers with the FlexPlus card aren’t charged ATM usage fees abroad, and there are zero fees on purchases made with the Select credit card, and zero overseas usage fees on Youth products (FlexOne, FlexStudent and FlexGraduate).

A Nationwide spokesperson, said: “Nationwide regularly reviews its fees and charges and from time to time we have to make changes to ensure we can continue to run a fair and sustainable business.

“The change will remain competitive in the market and will see the Society move in line with the other main current account providers. Members will also continue to benefit from VISA’s competitive exchange rate when spending abroad.



There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?

Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...

Is now the time to fix your energy deal?

Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...

Everything you need to know about the pension triple lock

Retirees are braced to receive another bumper state pension pay rise next year due to the triple lock mechanis...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts

A number of banks are luring in new student customers with cold hard cash this year – while others are compe...

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Money Tips of the Week