Don't be caught out by overseas card charges | moneyfacts.co.uk

Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.

MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

nigel woollsey

Nigel Woollsey

Online Writer
Published: 25/03/2019

Charges for using your cards abroad

Spending a small amount of time and effort arranging your holiday spending money could see you making significant savings. Using your credit and debit cards abroad may appear to be the easiest and most convenient way of transacting, but costs can soon mount up if you're not careful.

Credit card overseas charges

There is usually a commission charge and a cash withdrawal charge for transactions in currencies other than sterling (GBP).

The table below highlights the current charges, by provider, for transactions made in currencies other than sterling (GBP).

Questions & Answers

Q.How will I know how much I've been charged for a transaction abroad? Will my foreign transaction be shown on my bank statement

a.Your bank or building society statement will show details of your overseas transactions, including a breakdown of any commission and cash withdrawal charges incurred.

Q. When will the foreign use charges be taken from my account?

a.Both the commission fee and the non-UK cash withdrawal fee will be taken from your account on the day the transaction is shown on your account. This may not be the same day you carried out the transaction as it depends on when the merchant posts the payment.

Q. Can I use a card abroad without paying fees?

a. Yes, but you’ll need to find one that’s been specifically designed for use abroad. You can find an overview of the top travel credit cards that charge low (or no) fees for foreign use here.

 

Disclaimer

Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy