U
underthesky
Guest
The [broken link removed] says that the bank charges a 1.75% transaction value charge when a customer uses the bank's Visa debit card in a non euro ATM.
Looking at my online banking with Halifax, it seems the bank is charging me more. Below is a list of last four withdrawals I have made using my card in Australia. The rate applied comes from my online banking statement with Halifax. The true exchange rates are sourced from this page.
Date..........True rate...... Less 1.75%.. Rate applied.... Actual charge
12/03/09.. 1.9785 AUD.. 1.9439 AUD.. 1.9260 AUD...... 2.65%
05/03/09.. 1.9573 AUD.. 1.9230 AUD.. 1.9040 AUD...... 2.72%
27/02/09.. 1.9891 AUD.. 1.9543 AUD.. 1.9160 AUD...... 3.68%
24/02/09.. 1.9797 AUD.. 1.9797 AUD.. 1.9350 AUD...... 2.26%
So is it right that the bank can apply any rate they want to my withdrawals? I would have thought that I was going to be charged 1.75% from the true exchange rate, and not a different one.
Looking at my online banking with Halifax, it seems the bank is charging me more. Below is a list of last four withdrawals I have made using my card in Australia. The rate applied comes from my online banking statement with Halifax. The true exchange rates are sourced from this page.
Date..........True rate...... Less 1.75%.. Rate applied.... Actual charge
12/03/09.. 1.9785 AUD.. 1.9439 AUD.. 1.9260 AUD...... 2.65%
05/03/09.. 1.9573 AUD.. 1.9230 AUD.. 1.9040 AUD...... 2.72%
27/02/09.. 1.9891 AUD.. 1.9543 AUD.. 1.9160 AUD...... 3.68%
24/02/09.. 1.9797 AUD.. 1.9797 AUD.. 1.9350 AUD...... 2.26%
So is it right that the bank can apply any rate they want to my withdrawals? I would have thought that I was going to be charged 1.75% from the true exchange rate, and not a different one.