Starling Bank's current account offers both fee-free debit card withdrawals, and card spending, abroad. There aren't many other perks that come with the account, but Starling has won huge acclaim for its customer service and app. It was voted the best current account provider at the British Bank Awards in and , and earned the best customer score in the latest Which? The bank also only charges 15 per cent on overdrafts, much lower than many high street banks which charge closer to 40 per cent.
Setting up an account should take about five minutes of your time, according to Starling, requiring just your smartphone and either a passport or driving licence. Metro Bank Current Account. Metro does not charge customers for debit card payments or cash withdrawals anywhere in Europe. However, for those looking to travel further afield, this may not be the best option.
In countries outside of Europe, there will be a non-sterling transaction fee of 2. Outside of your holiday, the Metro account offers arranged and unarranged overdrafts with a fairly typical interest rate of 34 per cent APR. Virgin Money M Plus Account. Arranged and unarranged overdraft rates range between The Nationwide FlexPlus account.
Nationwide's debit card for its FlexPlus current account offers fee-free spending and cash withdrawals abroad. The FlexPlus account also includes worldwide family travel insurance, mobile phone insurance, and UK and European breakdown cover.
For anyone worried about dipping into their overdraft, the interest rate is Monzo current account. For those concerned about the interest they might be charged when dipping into their overdraft, Monzo offers rates of either 19, 29 or 39 per cent, determined by your credit score. Switching your account to any of these providers should be easier than it was in the past. Springall says: 'Switching a bank account is simple and using the Current Account Switch Service, customers can move their account within seven working days.
Halifax Clarity Credit Card Mastercard. This credit card has no transaction fees to worry about, and also offers worldwide fee-free cash withdrawals. Standard interest is set at Customers can minimise the cost by repaying in full as soon as possible.
There is no annual fee, so there are no extra costs if you pay off your balance in full every month. Barclaycard Rewards Visa. With the Barclays Rewards Visa there are no fees for usage abroad, so customers can withdraw cash from a cash machine and buy souvenirs without any charges.
Outside of your holiday, the card also comes with the added perk of 0. You'll need to pay off your balance each month to avoid being subjected to the There will also be no interest charged on cash withdrawals, as long as the balance is paid in full. This card offers customers fee-free spending abroad as well as cash withdrawals, but again customers need to ensure cash withdrawals are paid in full to avoid a The card provider also claims to be fee- free in every regard, so bar the interest charged on any outstanding balances, customers will not be subjected to fees for late payment or exceeding their credit limit.
Zopa Credit Card Visa. The Zopa credit card does not charge a foreign transaction fee when used abroad. It will also charge interest daily on cash withdrawals, so it's vital to pay this off as soon as possible. Those who fail to pay it off in full each month will be subject to a rate of There is no transaction fee when using the card abroad, however, each cash withdrawal made will be subject to a 3 per cent charge. If you are sending money to an overseas bank account in your name, the easiest way to get these bits of code is to log in to your account.
It is normally shown on the screen somewhere once logged in. Alternatively, a money transfer company is used to dealing with international payments and will be able to help you put all the details together. You also need to have the funds in your current account, as Nationwide does not allow international payments from a savings account. Essentially you need to enter the recipient details, choose the amount of pounds GBP you need to send and the currency needed. Within a branch, they will guide you through the process.
It may take a while, so leave sufficient time. You bank with Nationwide, so you might feel obliged to use them for your international transfers. No one wants to make a mistake with the payment details or choose a terrible time to exchange their money.
Our account managers will help you with the entire process and keep you informed at all stages of your transfer. The names, faces and backgrounds of all our team of people are shown on our website. You also have the peace of mind knowing that all money transfers are conducted through safeguarded client accounts, and Key Currency is an FCA regulated Authorised Payment Institution No. Compare our rates. Key Currency Limited, St.
Registered in England and Wales registered no. Nationwide customers will pay more to use their debit cards on holiday, after the building society increased its overseas card fees. It will also raise the maximum age limit for holidaymakers who can get travel insurance cover as part of its FlexPlus packaged account.
Earlier this year, Nationwide faced criticism after scaling back its telephone banking services and scrapping annual paper statements for savers. How will this affect your holiday spending? When it comes to debit card spending abroad, challenger banks may offer more attractive rates than their high street rivals. Staling Bank , which offers an app-only current account, charges zero fees when you spend or take out cash abroad on your debit card.
Along with the higher fees, Nationwide has also cut the upper age limit for the holidaymakers that can access travel insurance cover as part of the FlexPlus packaged account. A packaged account is a bank account that comes with other goods and services like insurance and breakdown cover. You usually have to pay a monthly fee to hold one.
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