Anorak News | NatWest Holiday Money

NatWest Holiday Money

by | 17th, April 2007

GOT your passport? Check. Swimsuit? Check. Anti-diarrhoea tablets? Check. But what about a suitcase full of cash?

Banking giant NatWest has now decided to squeeze a few more quid out of the humble holidaymaker this summer.

According to the Guardian, from June 5, holidaymakers who bank with Natwest will be charged a minimum of £1.25 for every debit card transaction abroad, up from 75p.

Withdrawing £100 from an ATM abroad will now be cheaper, although still at a staggeringly high £4.75 per transaction. However, using a card to pay for a £1 Metro ticket in Paris will cost £1.27 in bank charges alone.

A NatWest spokesperson tried to defend the move, saying “An average withdrawal is £100, and these new charges make it cheaper to withdraw that money.”

Expect another national campaign on this issue in the coming months.

Posted: 17th, April 2007 | In: Money Comment (1) | TrackBack | Permalink