Virgin Money ditches foreign currency fees for debit cards – The Times

Virgin Money customers no longer have to pay foreign currency fees when using their debit cards overseas.

On Friday, the challenger bank ditched all foreign currency charges for current account holders who withdraw cash or pay using their cards outside the UK.

Customers had been charged 3.75% on cash withdrawals and 2.75% on foreign currency purchases, with a minimum charge of £1.50 per transaction.

Zack Hocking, head of personal deposits at Virgin Money, said the change gives customers certainty that they face no additional charges.

Andrew Hagger of Moneycomms said the offer was positive, but suggested Virgin Money is trying to keep pace with Starling Bank, which already offers this.

Monzo and Revolut banks allow free payments abroad, but a 2% charge is payable if

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