chirpy Posted November 17, 2009 Share Posted November 17, 2009 HI,I want to get some euro and a company I dealt with once last year where i used internet to transfer funds from my bank said I could use my debit card over the phone and transaction takes 1day instead of 3days.QUESTION .....is this safe and do I have any prorection?? Link to comment Share on other sites More sharing options...
AnOther Posted November 18, 2009 Share Posted November 18, 2009 Is it safe, who knows. Which company is it ?You do have the slight comfort of having dealt with them previously.Do you have protection ? Generally with a debit card NO but then you didn't with the bank transfer you did before.What does'small' mean and are you in France or UK ? Link to comment Share on other sites More sharing options...
chirpy Posted November 18, 2009 Author Share Posted November 18, 2009 ABOUT £1000 AND I LIVE IN FRANCE ,RETIRED.Company is First Rate FX.thanks Link to comment Share on other sites More sharing options...
andyh4 Posted November 18, 2009 Share Posted November 18, 2009 Why not just use your debit card in a hole in the wall? You may need to do it over a couple od days - or just maybe weeks - depending on what limits you have on the card. This at least is risk free - or as close as you're likely to get in the banking world. Link to comment Share on other sites More sharing options...
bubbles Posted November 18, 2009 Share Posted November 18, 2009 We always do this - draw money out of the hold in the wall outside our french bank and then go in and deposit the cash.instant, simple, no commission, good rate all courtesy of Nationwide.It took us a while to discover that, although the limit is pretty low (around 400 euros), we can each draw this out every day using our individual cards, even though it is the same Flexaccount. Link to comment Share on other sites More sharing options...
AnOther Posted November 18, 2009 Share Posted November 18, 2009 £1000 is very small money in the FX world and the Nationwide solution was what I was coming to but of course in you don't have an A/C with them and are non UK resident then that avenue, and other similar ones like the UK Post Office or Co-op cards, are pretty well shut to you.I don't know the particular FX company you mention, I have only ever used Hifx, but your best bet I think would be to do the rounds of term and see who will offer you the best deal. If you tell them that it would be a regular arrangement then they will probably do you a better deal than would with a one off. A better idea, if you have the cash in UK to do it, would be to transfer a larger amount which will get you a better deal.The Nationwide limit is £300 per day per card BTW, and painfully illustrates the drop in the £ when previously you could get say well over €400 for that as opposed nowadays when it's precious little above €300 [:'(] Link to comment Share on other sites More sharing options...
tibbs Posted November 19, 2009 Share Posted November 19, 2009 I have used First Rate FX for 4 years now and found them very reliable. I have also paid by debit card with them and also direct bank transfer, again no problems. Link to comment Share on other sites More sharing options...
chirpy Posted November 19, 2009 Author Share Posted November 19, 2009 thanks respondants. Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now