serotoninsid
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There was a very good piece on last Sunday 's Times by Niall Brady. I was not able to set up a link so here is the jist of what I read!
1. €2.50 per year Stamp Duty, or €5 if you use it at ATMs as well as for purchases.
2. The card costs €10.00 which Ryanair returns as a voucher to be redeemed against a future flight.
3. The minimum top-up is €175 and it costs €3 each time you load the card. Funds can be transferred from your current a/c or credit card caccount.
4. There is a monthly fee of €3 if the card isn't used for 6 months. (Am not sure if this €3 is payable for every month after the initial six months that there is no activity but I feel myself that it is €3 per month)
5. "If the fee exceeds the value on the card, there is a negative balance fee of €15."
Hope this helps! I have not made up my mind if I will get one yet. I really had a very good deal with my Neteller Card no charges at all!!
Sheesh, surely this makes the whole thing completely uneconomic except for the most frequent of flyers - and even then, they have to be very careful (particularly with point 5 above).....