The FairFX card works in exactly the same way as a credit or debit card. The card is simply a Mastercard® and is accepted in all stores that accept Mastercard® in exactly the same way that any other mastercard would work. Fair FX Cards are currently available to load with either Euros or Dollars. You simply choose the amount of currency you would like to pre load onto the card and you pay for this currency simply using your debit or credit card with GBP.
For Example if you wanted to load $1000 onto your Fair FX Card with an exchange rate was £1 = $1.97 it would cost you £507.61.
On average this could be anywhere up to 7% better value than for cash or travelers cheques at a bank. This would give you an extra $70 Dollars for your money!
Fair FX is also very easy to top up online with your money loaded and available in a couple of hours. If your running low on holiday simply find a computer login and top-up, it's as simple as that! As you can top up whenever you want it also provides a great method for saving money for your holiday. Simply upload money onto your card whenever you have spare (You can upload as little as £10 a time).
Fair FX pride themselves on offering a great value, secure and convenient option for travel money. A great feature of the Fair FX Currency card is that YOU WILL NOT BE CHARGED FOR OVERSEAS TRANSACTIONS as you would with most debit and credit cards. There is a small fee of around £1 when withdrawing cash but this is still much less than most other cards and remains the same regardless of how much you withdraw.
An article on MSN Money about Fair FX says;
"The key difference with the FairFX card is that it always uses the keenest forex rates, which are typically 3% above the best rates used by the banks and 6-7% above the worst. Add that advantage to the saving of the per-item debit card charges and you can easily save 10% on a set of foreign purchases."
By dealing with customers direct rather than through bureaus and kiosks with high foreign currency exchange rates, FairFX provide best priced foreign currency in an alternative, convenient fashion. Having the card is much safer than carrying cash and easier than using travelers cheques. If you lose your card it can be frozen with one simple call in the same way you would with a lost credit or debit card.
The FairFX Card is issued by Newcastle Building Society
So get yourself a FairFX Dollar or FairFX Euro Currency card today and get the best foreign exchange rates available.
FairFX Card Main Information and Facts
Purchase Fee - Free for purchses over £500
Monthly Fee - Free
Top Up - Debit card - Free, Credit Card - Small fee based on % of amount being loaded.
Transaction Charge - Free
ATM UK - £1.00
ATM Intl - €1.50 or $2
Bank Transfer - Free or Credit card- is 1.5%
Max balance - €7500 or $10000
Chip & Pin - MasterCard
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