UK Banks Overcharging For Cash Withdrawals Abroad

What's Next In Payments®
5:12 PM EST 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.

Topics:
Comments
Also by This Author
What's Hot
Alternative Financial Services
Ant Financial To IPO In 2016
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
Consumer Finance
Visa Europe to Spend EUR 200 Million on Digital Payment Technology
B2B Payments
Slyce Snatches Coupon App SnipSnap for $6.5 Million
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Cool
Tapping Into The Two Screen Consumer
Alternative Financial Services
Ant Financial To IPO In 2016
News
Bed Bath & Beyond Finds Its Money in the Latter
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
View All Articles ››