- Taking your debit card abroad
- Charges for using your debit card abroad
- General advice
- Credit cards
- Currency converter
Your debit card also allows you to pay for goods and services worldwide wherever you see the Visa sign. It’s just like using your card in shops and cash machines at home and means that you don’t have to travel with large amounts of cash.
There are no charges for withdrawing Euros at Bank of Ireland cash machines in Ireland. Charges apply for making debit card payments in a foreign currency and for cash withdrawals in a foreign currency made in the UK, outside of the EEA or not in €.
When withdrawing cash in a foreign currency, the following charges apply:
|Cash withdrawal in foreign currency|
|Cash withdrawal in any foreign currency (non-sterling transaction fee)||2.75% of the amount withdrawn|
|Additional charge (non-sterling cash fee) if the cash withdrawal is:
The cash machine will give you notice that you may be charged.
There are no charges for withdrawing Euros at Bank of Ireland cash machines in Ireland.
|£1.50 per withdrawal|
Take a look at our example of what costs are involved when using your debit card abroad.
Bank of Ireland UK Visa Debit Card
|OVERSEAS TRANSACTION||PURCHASE||CASH WITHDRAWAL
(NON-BANK OF IRELAND CASH MACHINE
OUTSIDE THE UK)
(BANK OF IRELAND CASH MACHINE IN ROI)
|Euros||€ 100||€ 100||€ 100|
|Non-Sterling Transaction Fee||£2.44 (2.75%)||£2.44 (2.75%)||£0|
Information correct as at 03/03/2020
Rate used for debit card payments in a foreign currency and withdrawing cash in a foreign currency at non-Bank of Ireland cash machines outside the UK:
Visa: £1 = €0.887578
The table above is an illustrative example based on an exchange rate of 0.887578 for Visa on a €100 spend.
The exchange rate used is a sample rate provided by Visa. The actual rate applied will be the daily Visa exchange rate. This is the exchange rate set by Visa, from time to time, as shown, where applicable, on your statement.
Visa exchange rates can be found at www.visa.co.uk/support/consumer/travel-support/exchange-rate-calculator.html. The rate that appears on your statement will be calculated according to the prevailing rate at the time the transaction is made.
Rate used for Cash Withdrawal (Bank of Ireland cash machine):
Bank of Ireland Group: £1 = €0.9000
The table above is an illustrative example based on an exchange rate of 0.900 on a €100 spend.
The exchange rate is a rate determined by the Bank of Ireland Group. The actual rate applied will be the daily Bank of Ireland Group exchange rate. This is the exchange rate set by Bank of Ireland Group, from time to time, as shown, where applicable, on your statement. The rate that appears on your statement will be calculated according to the prevailing rate at the time the transaction is made.
The cash machine will give you notice if you are to be charged any additional charges.
Please also refer to your statement for details of any fees that have been applied to your account following use of your card overseas.
For more detail on using your card overseas, please refer to your Terms and Conditions.
- The exchange rate applicable for debit card payments in a foreign currency and cash withdrawals in a foreign currency outside the UK at non-Bank of Ireland cash machines is the Visa Exchange Rate operating on the date the transaction is applied to your account. We recommend that you visit www.visaeurope.com/making-payments/exchange-rates for more details of the specific rate applied.
- If you are planning on travelling abroad you should always take more than one form of payment method, i.e. debit card, credit card, prepaid credit card, cash etc.
- There may be a reduced daily limit for cash withdrawals in a foreign currency from cash machines on debit cards in certain countries. Please call your branch for details.
- We’d recommend you read the “Your rights when making payments in Europe” leaflet before making any payments.
- It’s worth knowing that when you use your card abroad, some retailers and cash machines may offer to process your transaction in sterling, rather than the local currency. This is called ‘Dynamic Currency Conversion (DCC)’ and it may make your transaction more expensive than if you had paid in the local currency.
- Amount at Visa or Mastercard rate: The converted amount using the foreign exchange rate supplied by Visa for debit card and by Mastercard for commercial credit card transactions.
- Non-sterling transaction fee: The fee charged by Bank of Ireland UK for the currency conversion.
- Percentage mark-up over ECB rate:
This is the difference, expressed as a percentage, between the total transaction amount (above) for the currency conversion and what you would pay if the transaction was carried out at the current ECB rate (the ECB rate does not include the non-sterling transaction fee).
- The rates quoted at the time of using the calculator are the latest rates available to Bank of Ireland UK and may not be the same rates as when you complete a transaction. The value of the transaction that appears on your statement will reflect the exchange rate applicable at the time the transaction is posted to your account.
- The Euro foreign exchange reference rate from the ECB, which is used to calculate “Percentage mark-up over ECB rate”, is subject to change on a daily basis and can be viewed here.
- The Mastercard exchange rate, which is used for Bank of Ireland UK commercial credit card currency convertions, is subject to change on a daily basis and can be viewed here.
- The Visa exchange rate, which is used for Bank of Ireland UK debit card currency conversions, is subject to change on a daily basis and can be viewed here.
- Please note: for commercial credit card transactions, you will be charged a cash withdrawal fee of 2.5% (minimum of £3) whenever you withdraw cash and you will be charged interest on any cash withdrawal from the date you withdraw the cash until the account is paid off in full.
- Other transaction fees, independent of currency conversion charges, may apply. Please refer to your relevant fees and charges brochure online or at your local branch.