Take a Starling Bank card abroad
- No monthly fees or fees overseas from Starling Bank
- Apply in minutes, direct from the app
- Instant notifications & insights on your spending habits
- Earn interest on your real-time balance
Caxton focus their expertise on foreign exchange. They keep ahead of the market with innovative mobile-developments and online services.
Good for any prospective holiday-goer to bear in mind, though, is that while the traditional way of getting travel money is all well and good, there’s a range of digital apps that can make the process even simpler. These include Starling, Revolut and N26. If these new age solutions float your boat, you can read our guide to learn more about them. For a run through of the pros and cons of Caxton FX’s prepaid travel cards though, here’s all the info you’ll need.
Caxton provide multi currency pre-loaded cards to simplify and streamline spending abroad, while saving you money in the process.
Your account is accessible on Caxton’s mobile app, online or over the phone, making it easy to load your Caxton card before or during your trip. You can spend, fee-free, across the globe quickly and easily.
A multi currency card is a great way to simplify and streamline your holiday spending, especially if your trip requires more than one currency.
Caxton’s smartphone app gives you 24/7 control over your card, enabling you to:
Currently, 14 currencies can be purchased on the card, and their exchange rates can be locked in, while 24 currencies are offered with Caxton’s online payment system.
Minimum Load: £50 or equivalent in other currencies.
Maximum single load: £12,000 or equivalent in other currencies.
Maximum total balance: £12,000 or equivalent in other currencies.
Maximum loads per day: Two.
Maximum annual load: £50,000 or equivalent in other currencies.
Maximum ATM withdrawal per day: £300 or equivalent in other currencies.
Money is uploaded securely through the mobile app or online services. The caxton card is ‘chip and PIN’ secure.
The funds on your currency card can be redeemed via your account at any time.
The card itself is free and there is no monthly account fee. It is also free to load and reload the card. Overseas purchases and ATM withdrawals are free of charge.
However, there is a £1.50 fee for domestic ATM withdrawals and transaction fees. It might be a good idea to use the card exclusively for spending outside the UK.
Where a Transaction is performed in a currency different from the currencies available on the card there is a FX mark-up of 2.49%
Here’s a table of Caxton’s additional fees:
|Additional Fees||Fee Charged|
|Buy Back Guarantee||£4.99|
|Over the counter cash||£4.50 plus 2% of withdrawal amount|
|ATM balance enquiry||£0.30|
|Redemption processing fee||£1.50|
There’s a range of alternative to using travel cards, but possibly the best of the lot is digital banking apps. The reason why is that most, if not all, of the major names in this field charge zero transaction and withdrawal fees. You can also manage the whole process on your phone, saving on the stress of having to make an appointment at your local bank branch or post office.
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