While overseas use within the Eurozone will remain uncharged, Metro Bank will charge holidaymakers going further afield between 1.9% and 14% every time they use a card.
Charges, due to begin on 18 March, include £1.90 ($3.10) for £100 spent on card transactions and £2.90 for £100 withdrawn from a cash machine, with larger transactions being better value and smaller transactions being worse.
Go deeper with GlobalData
When the bank launched in 2010, it didn’t claim the typical fees banks charge of around 3% for withdrawing cash or spending abroad on a debit or credit card.
This and the promise of better service are believed to be the reason that many initial customers signed up to the UK’s first high street bank to launch in over a century.
The bank has retained the perk in countries that use the euro. However, outside the Eurozone there will be a 1.9pc charge per purchase from March 18 – equal to £1.90 on £100 spent on in a restaurant or shop.
Related Articles:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataVirgin Money to offer current accounts in 2014
Metro Bank bids for £387.5m investment
easyJet teams up with PCT for prepaid currency card
