Author Topic: Prepaid currency card penalty  (Read 3518 times)

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Offline turkeyfoot

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Prepaid currency card penalty
« on: October 11, 2020, 12:41:12 PM »
Hi

For those that use these cards I have just read about an ''inactivity'' fee of £2 per month being imposed.

If you have not used your card this year, and possibly not  again till Summer 2021, you may find yourself paying this fee. It normally kicks in after 12 months of inactivity.

Only activity on the account, such  making a cash withdrawal, spending on the card, or loading  it with money will prevent it.

Card  providers Caxton FX, Post Office Money, ICE, Travelex and WeSwap all apply this penalty.

You may want to contact your card provider and ask them when/if will they start to deduct the fee from your balance.

Geoff
It is better to remain silent and be thought a fool, than  to speak up and remove all doubt.


 

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