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Not a surprise at all since Caxton FX dropped the atm rates on the Caxton FX prepaid card to zero as well last month and we had forseen that this would have happened with other FX providers too.
I can quite see Rational fx, Fair fx and a few others will follow suit soon as they make money on the FX element for international withdrawals anyway.
I think with all the prepaid travel money cards out there, this is quite simply the effect of how an increase in competition is the market is delivering greater rewards to consumers.
More power to consumers, methinks!
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Ritesh Jain Founder at Infynit / Former COO HSBC
8 hours
24 January
23 January
Perry Carpenter Chief Human Risk Management Strategist at KnowBe4
21 January
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