Just found this on Martins Lewis' site:
The very cheapest way to spend in Europe is using Nationwide's Debit card, as you get the best exchange rate, no cash withdrawal fee or interest. Many holidaymakers have opened accounts just to load cash onto it, to then use while overseas. New Rule: Nationwide's changed the rules to stop new customers getting cheap foreign spending, unless it's their main current account.
New would-be customers can get round this new rule by opening an e-Savings account as well as a FlexAccount. You can instantly transfer money between the two accounts online, it only requires a £1 balance to be kept in it and there's no need for regular deposits.
I suppose you could use the e-Savings to save up through the year for your hols (and earn a bit of interest on what you save) and then transfer everything except £1 back into the FlexAccount before you go away.
Message posted by nuffstrong on 13 June 2009 at 11:21am - IP Logged
You may find some ATM's reject your card refer you to your Bank even though you have funds. I tried several ATm's initially and even rang the Bank who confirmed the account was in order. I always have a back up so used my Lloyds card and paid their £2 charge argh ! I drove from the ATM at the Marketa (T junction) Sidari, to Alpha in Roda then finally Alpha Acharavi where it did relinquish 120E. After that no matter what my balance the Alpha machines would only give 120E (£109 at the time) per day even though Nationwide's maximum is £300 a day.
I believe around £1500, but as someone else mentioned, there are ways around this.
I use my card in the Alpha in Acharavi and have never had any problems.
Great account in my opinion.
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