If you change to a Spend & Save Plus account from another TSB account you’ll be sent a new Spend & Save Plus debit card. These fees do not apply to Spend & Save Plus cards. If you choose local currency, TSB will need to convert the withdrawal to pounds and will charge you a non-pounds transaction fee of 2.99% of the value of the withdrawal and a non-pounds cash fee of 1.5% (min £2, max £4.50 not charged for). Cash machines generally give you the option of choosing your cash amount in local currency or equivalent in pounds (for example you want "£10 worth of Dollars"). There are charges for using your debit card to make a cash withdrawal in a foreign currency (outside the UK). Note: this fee does not apply if you use a Spend & Save Plus, Platinum or Premier Account debit card or if you are making a debit card payment in Euros within an EEA country We can’t advise you which would be the cheaper option when you want to pay in a foreign currency, as we don’t know what charges and exchange rates would be used by the merchant. Some merchants won’t allow you to do this. You would choose this by selecting the amount you want to pay in pounds (not the foreign currency) when making the payment. But we won’t charge you an additional amount. If you choose conversion by the merchant, they will set any fees and the exchange rate. If you have a Spend & Save Plus card we’ll waive any TSB charges for using your debit card. If you choose conversion by us, the exchange rate used will be Visa’s daily Visa Payment Scheme Exchange Rate and we will charge the fees shown in the table below. The exchange rate and charges you pay will depend on which option you choose. You can sometimes choose whether you want the currency conversion to be done by us or the merchant from whom you are making the purchase. You’ll need to use your new card to avoid incurring TSB charges. Fees do not apply to Spend & Save Plus cards. You’ll not be charged a non-pounds cash fee if you are making a cash withdrawal in Euros from a cash machine in an EEA country. When you make a debit card payment in a foreign currency (including contactless but not cash withdrawals, foreign currency or traveller’s cheque purchases) whether you’re in the UK or abroad, fees will apply. Making a debit card payment in a foreign currency This can only be used for European Union denominated currencies, in a European Economic Area country. Our calculator helps you see the total cost of your currency charges, and how this compares to the European Central Bank exchange rate. However, the ATM operator may charge a fee. (min £1.50, no maximum limit for each transaction) We can’t advise you which would be the cheaper option when you want to withdraw foreign currency, as we don’t know what charges and exchange rates would be used by the ATM provider. You would choose this by selecting the amount you want to withdraw in pounds (not the foreign currency) on the ATM. If you choose conversion by the ATM provider, they will set any fees and the exchange rate. You can sometimes choose whether you want the currency conversion to be done by TSB or the ATM operator when you withdraw foreign currency from an ATM. When you make a cash withdrawal in a foreign currency (at a cash machine or over the counter), the cash will be converted into pounds, normally on the day withdrawn. Making a cash withdrawal in a foreign currency You will need identification with you if you want to withdraw money from a bank abroad (although you can use cash machines just like at home). Save our overseas number on 02 your mobile in case you need to get in touch with us. Check we have your mobile or best contact number - you can update your phone number in the Internet Bank, mobile app, by calling us or visiting a local branch.
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