UK Banks Overcharging For Cash Withdrawals Abroad

What's Next In Payments®
5:12 PM EDT May 9th, 2013

According to the Telegraph, HSBC, NatWest and Direct charges consumers the most among British banks to withdraw cash when travelling abroad. A customer using the ATM services in another country will be charged with an average of £6 or more depending on where they travel. HSBC, NatWest and Direct customers are being charged an average of £12 pounds per withdrawal. The banks incur two charges: first charging a card transaction fee, and then a conversion fee.

Read the full story here.

Also by This Author
What's Hot
Company Spotlight
MasterCard Forecasts Future of Biometric Payments
Shopper Gets 422 Million Amex Reward Points – But Why?
Amex Gets Booted Out Of Costco Canada
SEC Investigates Western Union Over Digital Revenue Projections
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alibaba IPO Is Done, So Now What?
Defining the Future of Payments Security
B2B Payments
Innovating ERP With Analytics
View All Articles ››