Forex card or international debit card - Using foreign debit cards in South Africa - Cape Town Central Message Board - TripAdvisor
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Debt Consolidation Debt Counselling. Retirement Unit Trust Gold. News Should you use your bank card while overseas?
Should you use your bank card while overseas? When planning to travel overseas, it is important to know which bank cards you can use on your travels.
But which card is perfect for taking on your travels, and which cards should you leave behind? Stacey Barnett, sales and marketing manager at Dreamsa travel company, notes: In crad instances, you will need to ensure that you have enough cash in the relevant currency to cover your expenses.
There are also some cards which are not accepted in certain countries. For example, Barnett points out that the Diners Club card cannot be used in some African countries. Should you inform your bank?
When you are travelling forex card or international debit card plan to use your debit or credit card, it is important to inform your bank that you will be doing this. As a precaution to prevent fraud, some banks will block overseas transactions. Barnett reveals that among the additional fees that banks can charge you when using your bank card overseas are: In short, the card holder bears all the risk flrex currency movements.
Several financial institutions offer these cards, which allow you to load money onto the card in the currency of the country you are going to, and you do not incur any of the additional charges, such as forex card or international debit card ATM fees and currency conversion fees, that would result from using a bank card. The card can be reloaded with funds at any of the following banks or financial services providers: I am still awaiting an update from Capitec on the currency conversion fee.
Joined Apr 15, Messages 14, Only my credit card! Joined Jul 13, Messages 5, I've also used Rands in the Middle East to pay for purchases.
I show the merchant the current rate. Credit card for big purchases.
Joined Oct 1, Messages 43, There is a post in a thread here somewhere that explains why the Capitec fee is so low, it's true that it's so low. Anyway, it should be the same at the Capitec CC.
Cheapest way to swipe overseas is Stock forex revaluation CC or debit card? Idiosyncratic Expert Member Jan 15, Joined Forex card or international debit card 10, Messages 2, This is the feedback I received from Capitec: I'm guessing that this foreign bank charge is generally on top of the transactions levied by all SA banks.
So you're only hit once with Capitec, not twice like with other banks. Joined May 22, Messages Joined Feb 6, Messages 7, View attachment "Hi, you are only charged the withdrawal fee the external bank will automatically convert the foreign currency rates for the specific forx.
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Their rates and fees weren't clearly available on the site at the time, or I could not find them. Idiosyncratic Expert Member Jan 16, Well, their CC didn't exist then, and one wants to CC for travel.
C4Cat Executive Member Jan 16, Joined Nov 9, Messages 6, I used both Deebit and Virgin Money about 6 months ago. For both, swiping is free, but VM charges a conversion fee 2.
For withdrawals both have a set amount, rather than a percentage, I think capitec had the higher fee but again, no conversion fee, so might be cheaper anyway. If you can internarional a shop that does cash-back, capitec is much much cheaper.
Sorry I can't remember all the actual numbers but it's easy enough to look up. Can't you use a debit card overseas?
Joined Jul 13, Messages 7, C4Cat Executive Member Jan 18, Which stores overseas will do a cash back for a foreign bank card, is that common? Depends where you go I guess, there were quite a few stores in the US that did it.
Forex card or international debit card I understand it, it makes no difference dorex the card is foreign or not, if the store offers cashback they will do it for you. Here's debkt an app you can use https: Joined Feb 10, Messages 4, I usually unlock my Nedbank Debit card for use as well but mostly for an "in case" situation.
Joined Oct 19, Messages For larger volumes of volume indicator trading system capitec bank wins by a mile.
Description:The card can only be used outside the Common Monetary Area (South Africa, Lesotho, Swaziland and Namibia). In addition, there may be some other countries.