09 Oct 2010 1:08 PM:
For people living or travelling to Spain, Alliance & Leicester or Santander seem the best bet to avoid transaction charges when withdrawing on a debit card. I have been making withdrawals from Santander cash machines in Spain and incurring no charges.
The main condition seems to be a credit of at least £1000 per month.
Obviously if you are outside Spain there is no advantage.
If you use Santander / A&L to transfer your account from another bank they will credit you with £100 cashback and if you do this via a cashback website such as Quidco you will receive a further £35.
I am always wary about withdrawing cash on a credit card even if the provider says there are no charges. Usually you start paying interest on the day of the withdrawal and it very quickly mounts up to a quite a substantial charge.
Thread:
Nationwide changes
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