I know, its crazy. Just spoke with both boi and aib and its in clear writing on the aib website. Boi will apply it if you go a cent over
EUR1.90 or 1.5% of the transaction value, whichever is greater (CLICK and 'be' credit cardholders please note the cash advance fee will apply for accounts in debit and in credit)
Drafts can also be expensive as the rate you are given is usually not the most favourable plus if you do need to cancel it you get slaughtered on the rate back as a sterling draft is useless to you
Oh but there is,
Cash advance is the fee charged on this end.
Merchant fee is the fee that the merchant in i.e the UK 'may' pass on or choose to absorbe.
ccraig said:Ive spoken to Boi about this who confirmed that aib do charge an advance fee
Ive spoken to Boi about this who confirmed that aib do charge an advance fee, debit or credit which can also be seen on aib website. This is 1.5%
CLICK and 'be' credit cardholders please note the cash advance fee will apply for accounts in debit and in credit
Mugsgame,
Your thread is not logical. Cash advance fee has nothing to do with Merchant fee. Merchant fee is discretionary, cash advance is not. Cash advance is charged by your bank, merchant fee can be charged by the retailer on top of your purchase.
In answer to your question on spar, i have already stated that this depends on who issued your card. See below.
http://www.itsyourmoney.ie/index.jsp?pID=121&nID=305
'Cash advance fee
This is a transaction fee charged each time you make a cash withdrawal on your credit card. Some providers charge this fee even if you have already paid enough cash into your account to cover the withdrawal amount.'
You can link to charges and conditions about cash advance fees all you want , the problem is that you don't know what a cash advance is.
I was referring to the fact that it is up to the retailer whether he chooses to absolve the merchant fee or to pass it on by charging it on top of the purchase, which many travel agents have been vilified for doing... This is a transaction fee charged each time you make a cash withdrawal on your credit card. Some providers charge this fee even if you have already paid enough cash into your account to cover the withdrawal amount.'
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