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How can we pay less?
Posted: Wed 02 Jan 2019 1:41 pm
by Marisa
My husband receives his pensions into NatWest bank's debit card. And every time he withdraws money from the card he loses 5 pounds ( bank's fee).
Are there any ways of receiving money from the UK and pay less?
Re: How can we pay less?
Posted: Wed 02 Jan 2019 7:29 pm
by mickhm
I gave up on Nat West when I moved to Cyprus. I opened a UK HSBC account and my pensions are paid into that. I use my HSBC debit card to withdraw gsterling from TEB machines {no charge} then change into Lira at any exchange place {usually Monex in Girne}. No costs to us at all.
good luck with Nat West worse bank I have ever used.
Mick
Re: How can we pay less?
Posted: Wed 02 Jan 2019 7:51 pm
by kerry 6138
This thread has some useful information on avoiding charges
http://www.kibkomnorthcyprusforum.com/v ... it=Revolut
Re: How can we pay less?
Posted: Thu 03 Jan 2019 3:36 pm
by Marisa
Thank you very much for your answers. Very interesting...
Re: How can we pay less?
Posted: Thu 03 Jan 2019 4:41 pm
by JoandJelly
mickhm wrote:I gave up on Nat West when I moved to Cyprus. I opened a UK HSBC account and my pensions are paid into that. I use my HSBC debit card to withdraw gsterling from TEB machines {no charge} then change into Lira at any exchange place {usually Monex in Girne}. No costs to us at all.
good luck with Nat West worse bank I have ever used.
Mick
Withdrawing sterling abroad is not free for all HSBC accounts (only Premier I believe). I am charged 2% per transaction to a maximum of £5 on my UK account.