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Home >> Debit Card >>Debit Card Abroad

Debit Card Abroad

A brief introduction to debit card abroad


Using debit card abroad can save one from carrying cash with oneself especially when one is traveling to a distant place away from ones hometown.

In order to use debit card abroad one should be aware of all the rules and regulations followed in the country one is visiting and it is advisable to be aware of the category into which one fits while making use of the debit card abroad.

One should remember the PIN of the debit card when one is using the debit card abroad.

Reason for using a debit card abroad

Using a debit card abroad is possibly the best option because even if one loses the debit card the debit card can be easily cancelled. Moreover the debit card comes for a very nominal fees and it is easy to use the debit card abroad.

Dynamic currency conversion

One of the points to be kept in mind while using the debit card abroad is one might make payments with one type of currency and when it is required to reload the debit card a different currency is recharged with. This may sound harmless but the extra tax is imposed for this dynamic currency conversion.

It is suggested that while using the debit card abroad if one is in Europe, Euro should be preferred for transaction. This is because some card operators like :

  • Nationwide
  • Saga
  • Lombard direct, convert the currencies at no extra cost. There are other card operators charging 2.75% to 4% as currency converting fee.

Exchange rates

The exchange rates while making transactions with debit card abroad in case of Visa and Mastercard is much less than traveler's cheque.

While utilizing the debit card abroad unless it is very much necessary one should avoid withdrawing money with debit card. From the time the cash leaves the cash dispenser interest is charged on the transaction.

Different PINs

If one is having more than one debit card while using the debit card abroad the same PIN(personal identification number) should not be used.

Debit card fees

For using the debit card abroad international ATM (automated teller machine)machines charge a fee which is determined by the ATM owners. This fee may be around $2 to $5.

The bank issuing the debit card poses a problem when it charges upto 3% for each transaction using the debit card abroad. It may be a cash withdrawal or a foreign transaction.

For further details on debit card abroad one may visit the sites lloydstsb.com, boards.gapyear.com, studenttravel.about.com.


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