TerryL
LIFE MEMBER
I had this problem last year and found when I withdrew cash using my Nat West visa I got hit with extra charges 1. Foreign currency transaction. 2. bank charge for transaction and 3. screwed on exchange rate.
I had euros on my Caxton card and phoned them as I was concerned I would get screwed if I used this card to withdraw MAD when I only had euro's in the account. Guy on the other end said your doing it all wrong. Just load up sterling onto your Caxton card and withdraw MAD from the cash machine with no bank or transaction charge what-so-ever. Just a straight forward inter bank rate conversion. This is what I did for the rest of my trip and it worked to perfection. Remaining sterling in my account used back in the UK. I think you can have 15 different currencies on your card at any one time. Give them a call, they will spell it all out for you there and then.
Phil, did you have Euros AND Sterling on your Caxton card at the same time? Usually just keep the Caxton card for Euros but no problem putting some pounds on it. I was going to get some more MAD using my UK debit card but that exchange rate Simon quoted is horrifying.
Going to have to look at other cards for the future as it looks like Caxton can easily be bettered.