“ATM domestic frequency fair usage
ATM usage is free for up to 10 domestic (withdrawals in the same currency as your Funding Source) withdrawals per calendar month after which time you may be charged £0.50 (or currency equivalent) per usage for each additional ATM withdrawal.”
Please check the ATM Withdrawal section on the Terms and Conditions page for
and note “Applicable as of 19th November 2018: Beyond the £400 per month, we will charge 2% of the amount of the transaction or £2 (whichever is higher) over the Standard Exchange Rate as currency conversion fees.”
With the Black card, you can withdraw £200 for free per calendar month, after that you might be subjected to a 2% fee.
If you withdraw £400 overseas, the £200 over the “fair policy amount” is subjected a 2% fee. Beyond the £400 per month, we will charge 2% of the amount of the transaction or £2 (whichever is higher) over the Standard Exchange Rate as currency conversion fees.
Domestic £200 --> no fee
£250 --> fee on £50. 50*0,02 = £1
Overseas £200 --> no fee
£250 --> “fair policy” fee on £50. Calculated fee is 50 * 0,02 = £1
£400 --> “fair policy” fee on £200. Calculated fee is 200 * 0,02 = £4
£450 --> “fair policy” fee on £250 and currency conversion fee on £50. Calculated fee is (200 * 0,02) + £2 = £6
Although your reply is crystal clear, it’s different to other replies I’ve seen. Additionally, if your reply is correct, it means there is no difference between the Free and the Black/Premium cards for ATM withdrawals? Surely there is some benefit for the Black card for ATM withdrawals?
Lastly, I have withdrawn over £200 in the last month and not been charged. Is this because I “may” be charged for exceeding the fair use limit, but it’s not definite? Is it at your discretion or related to what the underlying card provider charges you?