@Sofamous

Have I missed something here? Where does it say in my post that I had intended to use a Sterling pre pay card for holiday use? I have not stated any reasons for my application for the card, nor would I.

Do you work for CaxtonFX or are you on commission?

Quote: ‘You should be grateful to those clever bods at Caxton’

‘Grateful’. Really? They have £1m+ of clients money on deposit, interest free, they also make charges for use of the card. (This is expected). Do you think they administer this card for fun? There is big money to be made for very little work as Newcastle Building Society is the card issuers. I think you will find that pre payment cards originated in the States and have been available in Europe for some years.

Never presume the age of the person that posts. Travellers’ cheques, Eurocheques & Bureaux De Change, I take it that you would know of the ‘Exchange Control Regulations 1947’? A limit on the amount of money a person was allowed to take out of the country legally, which was originally £10 and increased to £25. I think it was an odd figure of £47 before they removed the act from law in the 1970's. You had to have the amount of currency/travellers cheques that you purchased registered in the back section of your passport.

Again, where have I complained about ‘Service Costs’? Read my post again. I don’t know what you were drinking last night but I think I will have one or two later.

You really haven’t read my post, have you? I have said that you do not find out till you have completed the application for the card that the minimum deposit is £100, and that is only when you try to make the first top up. I had applied via Moneysupermarket which takes you direct to the application form. Had I had gone to the CaxtonFX home page I would have been able to find a little more info, including the minimum top up. As I have said ‘You learn the hard way’.

That was it, nothing else.

Shimple!!!

Crikey! Where are you planning to go on holiday that enables you to need such a small sum of money?

And where exactly is your hardship? You have exactly £110 loaded on a card that has cost you precisely nothing and is free to use when you are on holiday with far better rates than you would get from a bureau or bank. Seems like you should be grateful to those clever bods at Caxton rather than complaining about them. After all, until they came along there was no such thing as a good value prepaid card - unless I am misinformed, Caxton came up with the bright idea in the first place and the likes of Fairfx have just copied the idea.

Perhaps you are a bit young to remember but only a few years ago we were all being ripped off by the banks and bureaux when it came to changing money. And before you start complaining about how much these services cost, just have a small amount of thought that unless these businesses make some money they would not be doing it in the first place. Don't expect something for nothing.

There is a simile lesson here - read the conditions attached to the product you are buying whether it is a prepaid card or insurance policy. Don't go complaining until you have.

Having used a FairFX € card for a while I did some some research, but not enough, and I applied for a CaxtonFX £ card. It was not until I had completed the application form and paid my £10 that I discovered that the minimum load was £100, something that was not mentioned here on Moneysaversupermarket.

You learn the hard way!