Can I Use My Irish Currensea Card In Uk – Best Travel Cards

A new fintech company which I was presented to previously this year. Can I Use My Irish Currensea Card In Uk…

It has actually won a couple of awards over current months for what it does (using you an affordable way to invest abroad) but what I like about  is that it is basic as hell. This is a good idea.

is, efficiently, a direct debit travel card. It is a Mastercard which sits between you and your existing bank account. There is nothing to top-up or prepay. You merely invest as you would on a regular debit card and the cash is drawn from your current account– simply without the normal 3% charge.

Oh, and  is totally free to apply for, which also helps.

There are likewise some intriguing travel benefits if you pick a paid strategy, however the free plan works fine. You can apply here.

There is a service design in fintech which Curve, Revolut, Monzo etc have actually all followed:

launch by doing something well, and for free or cheaper than the competition
add a growing number of features which your existing customers don’t actually need or want

add charges, charges or limitations to the function that made people get your product in the first place, getting rid of any competitive advantage
is currently still in Stage 1 of this procedure and will hopefully remain there. Monzo, revolut and curve are already in Stage 3 …
is easy enough that it passes my ‘Can you explain it to your mate in the pub in 30 seconds?’ test:

It is a complimentary direct debit card to utilize abroad and which automatically charges all purchases to your existing bank account in Sterling, less a little 0.5% cost.

That’s it.

You don’t (yet …) make any airline miles or points for using it.

Why would I wish to get a card?
If you have a credit card offering 0% forex fees, then you don’t need a  card, unless you desire free ATM withdrawals. You can stop reading now.

Nevertheless, charge card which offer rewards and charge 0% FX fees are rare. The only ‘miles and points’ choices which use a partial option are the Virgin Atlantic credit cards which have 0% FX costs in the Euro zone.

IS potentially for you if:

you don’t have a charge card offering 0% FX fees and do not wish to affect your credit report by getting another charge card particularly to utilize abroad
you want a product which permits you to make �,� 500 of foreign currency ATM withdrawals monthly without any charges and just a very little FX mark-up (there is a small fee beyond �,� 500).
you desire an item for you, your adult kids, parents, partner or anyone else in your life who needs an easy, easy to understand payment card that will save them cash when taking a trip.

How does  operate in practice?
It is, as I said previously, a really easy process. You utilize your Currensea card in the same way as your existing debit card.

You make your purchase in local currency (any currency, internationally).
Your bank account bank automatically verifies that you have adequate money in your account and authorises the transaction.
The deal goes through at either the interbank rate or the Mastercard rate, depending on the currency. If you have the free card,  adds a 0.5% cost. There are no fees if you have one of their paid cards.
You get an automated spend notice by means of the app, if you pick to install it.
The money is taken from your bank account a couple of days later on.
Here is an example. Without any foreign travel in the diary, I decided to splash out and buy 1,000 MeliaRewards points for EUR5.

This is what you see in the Currensea app, which shows �,� 4.33 scheduled to leave my HSBC account a couple of days later on:.

Converting pounds was expensive.

A pet peeve of mine is when ATMs forewarn you about the daylight break-in that is just about to occur (typically in a various language) while not telling you about the expensive currency conversion costs taking place in the background. Do not get me began. Anyhow back to the positives for a bit anyway.

Luckily over the last few years a handful of terrific travel debit cards have popped onto the scene … and like other excellent cards  promises huge savings (85%) and a fantastic app.

I think the best bit may be what no other card does: links to your existing high street bank account.

What this indicates is you can invest money you have in your existing bank account with less stress over lacking money and the extra action. However that does not indicate it is best.

In this Currensea review is the good, the bad, the awful and the options, so that you can decide.

FX markup.
While our premium strategies have no FX markup, we charge a small FX markup on our Important Strategy of 0.5% per transaction, allowing us to make profits from our Essential Strategy whilst staying much cheaper than other prepaid cards and high-street debit cards. We likewise charge an FX markup on ATM usage over the complimentary amount on all our plans, complete details can be discovered on our rates plans.

Membership fees.
We charge an annual membership fee of �,� 25 for our Premium Plan, and �,� 120 for our Elite Plan. The membership cost likewise eliminates all FX markup on deals.

Interchange.
Whenever you invest with your card we get a small % of the deal, called interchange, this comes straight from the merchant and will not be credited you. Can I Use My Irish Currensea Card In Uk