bank account

LSscotland

Active member

Member since 22 October 2009

tripoli

LSscotland

22 October 2009 15:31:41

LSscotland

22 October 2009 15:31:41

tripoli

My husband will hopefully soon be working for NOC (after alot of hassle with visa and medical).

We have set up a Bank of Scotland International account for his wages being paid into from Libya. They do however charge a withdrawal fee everytime to take money out of ATM.

Does anyone know of a UK account we could setup where I could transfer some wages from BOSI account and use that card to withdraw for free from ATM,s . Hope this makes sense.

Thanks in advance

Sandman6

ViP

Member since 17 May 2009

Lagos

Rocking in the free world

Sandman6

22 October 2009 15:45:46

1863

Sandman6

22 October 2009 15:45:46

1863

Lagos

Check out the "pre-paid" or "travel money" cards on sites like moneysupermarket.com

The ATM withdrawl charges are usually less than from the banks but there are other T&C's to look out for.

LSscotland

Active member

Member since 22 October 2009

tripoli

LSscotland

22 October 2009 15:53:02

LSscotland

22 October 2009 15:53:02

tripoli

Thanks for quick reply . I will go check that our now and report back findings

Clansman

Serial expat

Member since 22 October 2009

Aberdeen

Clansman

22 October 2009 15:58:56

554

Clansman

22 October 2009 15:58:56

554

Aberdeen

LSscotland wrote:
My husband will hopefully soon be working for NOC (after alot of hassle with visa and medical).

We have set up a Bank of Scotland International account for his wages being paid into from Libya. They do however charge a withdrawal fee everytime to take money out of ATM.

Does anyone know of a UK account we could setup where I could transfer some wages from BOSI account and use that card to withdraw for free from ATM,s . Hope this makes sense.

Thanks in advance

Is that you planning on spending my money that I haven't even earned yet honey ?

gabacho

Contributor

Member since 10 July 2009

gabacho

22 October 2009 17:08:03

190

gabacho

22 October 2009 17:08:03

190

Info for the Americans who are lurking here only to rear their head to berate people...

Schwab Invest first checking has no international transaction fees (typically 2% which is also on top of the cash exchange rate where they nail you between 1-3%) and they rebate 8 foreign ATM transactions a month. No minimum balance required.

Their credit cards also offer no foreign transaction fees and you get 2% cash back (which makes up nicely for the cash exchange rate used).

I believe Fidelity offers something similar, but the terms for Schwab are better. Most other banks in the US nail you for 3% foreign transaction fees on top of the cash exchange rate.

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