Using cash machines for non-sterling cash withdrawals
If you use your Savings card to withdraw cash in a foreign currency, or to withdraw cash in pounds outside the UK, Visa will convert the amount into pounds the day the transaction is processed using the Visa Payment Scheme Exchange Rate. We will charge you a foreign currency transaction fee of 2.99% of the amount of the transaction. This is a fee for currency conversion. We will also charge a foreign currency cash fee of £1.50 for each withdrawal.
If you ask the cash machine operator/financial service provider to make the conversion, we will not charge you a currency conversion fee but we will charge a foreign cash fee of £1.50 for each withdrawal. The provider of the foreign currency may make a separate charge for conversion.
We won’t charge a foreign currency cash fee or a foreign cash fee if you:
- withdraw euro within the EEA or UK; or
- withdraw euro from outside the EEA or UK and the cash machine operator’s payment service provider is based in the EEA or UK.
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