Over 110 UK credit cards independently reviewed by Fiscus Credit Cards

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Cash Advance Fees

In addition to the higher cash advance interest you can expect to pay when withdrawing cash on your credit card, most banks will charge you a cash advance fee for making withdrawals. It does not usually make that much difference whether you use an ATM machine, or if you go into a bank branch and make a withdrawal, although some currency exchange counters may charge a further fee on top of this.

A typical credit card cash advance fee would be 2% of the transaction value, with a minimum charge of £2. This would mean that for withdrawals up to and including £100, you would pay the fee of £2. This fee also applies when using a debit card for cash withdrawals outside the UK , or in any UK bank branch that is not part of the same group.

Again, there are a few exceptions to this, the most notable being the Nationwide. They only charge 50p for cash advances within the UK, or £1 outside the UK.

Cash machine withdrawals using debit cards are usually free in most ATM machines in the UK, although this usually applies from cashpoints / ATMs used outside banks, building societies and large supermarkets, rather than the cash machines you may find in smaller shops and local stores.

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